Academy Sports & Outdoors store in Orlando, Florida. Google Earth Academy Sports & Outdoors’ more than 250 stores shuttered for weeks in the early days of the Covid pandemic. But as lockdown orders eased and these stores reopened, many customers still didn’t feel comfortable coming inside to buy camping gear …
Read More »Coronavirus sped up digital transformation by 6 years, Twilio CEO says
When the coronavirus pandemic limited face-to-face interactions earlier this year, companies, governments and other organizations adapted to the new normal by transitioning many activities online. The transition, a part of the digital transformation that has played out over the years, was a boon for companies like cloud messaging provider Twilio, …
Read More »5 things to know before the stock market opens December 22, 2020
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow headed for a higher open after Capitol Hill finally delivers on stimulus Ornaments on the New York Stock Exchange (NYSE) holiday tree at Wall Street on December 9, 2020 in New …
Read More »Nike shares hit record high, as investors see digital bets paying off
Shoppers, some wearing PPE (personal protective equipment), of a face mask or covering as a precautionary measure against COVID-19, queue to enter a recently re-opened Nike store at Gunwharf Keys shopping centre in Portsmouth, southern England on June 16, 2020. Adrian Dennis | AFP | Getty Images Nike shares jumped …
Read More »Nike (NKE) reports Q2 fiscal 2021 earnings, sales beat
A woman carries Nike shopping bags at the Citadel Outlet mall, as the global outbreak of the coronavirus disease (COVID-19) continues, in Commerce, California, U.S., December 3, 2020. Lucy Nicholson | Reuters Nike on Friday reported quarterly sales and earnings that topped analysts’ estimates, driven by triple-digit growth online in …
Read More »This is the time to speculate
With a Covid-19 vaccine use authorization from U.S. drug regulators imminent, CNBC’s Jim Cramer said Friday the time is ripe to take on some risk in the market. “If you want to speculate, this is the time to do it, just speculate wisely,” the “Mad Money” host said. “You’ve got …
Read More »Artist Badiucao targets Apple, Nike, Coca-Cola, Muji
A protester outside the White House urges the United States to take action to stop the oppression of the Uyghur and other Turkic peoples, on August 14, 2020 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images A Chinese dissident has targeted three American corporations after a …
Read More »UPS puts shipping limits on some retailers for holidays, report says
A driver for an independent contractor wears a protective mask while operating a delivery truck to delivery N95 respirator masks outside a United Parcel Service Inc. (UPS) Ground sorting facility in Louisville, Kentucky, U.S., on Monday, April 13, 2020. Luke Sharrett | Bloomberg | Getty Images UPS reportedly told its …
Read More »Under Armour launches a brand with NBA star Steph Curry
The Curry Brand’s performance basketball footwear will launch globally on Dec. 11, in the thick of the holiday season. Source: Under Armour Under Armour announced Monday the launch of the Curry Brand with NBA star Stephen Curry, a long-time Under Armour athlete, in a bid to reach younger consumers and …
Read More »The athleisure market heats up as shoppers want comfort
The front of an Old Navy store this holiday season, which now features an assortment of loungewear, pajamas and athletic apparel. Source: Gap Inc. If you walk into any Old Navy store this holiday season, you’ll notice a plethora of athletic gear paired with other comfy clothes front and center. …
Read More »‘Next week will be pivotal’
Earnings season will come to a close next week and many corporations have pleased Wall Street with the numbers they’ve posted thus far, CNBC’s Jim Cramer said Friday. Last quarter was “one of the best we’ve seen in ages,” likely because expectations were already lowered amid the ongoing health crisis, …
Read More »Under Armour, Nike, and Lululemon could profit from athleisure boom
As consumers spend more time at home, ditching work clothes and suits for yoga pants and sweats, you would think that sports apparel brand Under Armour would be thriving. But the company that urged athletes to “Fight on Together” has fallen on tough times. While the brand’s sweat-wicking performance gear is …
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