Clothing – The News Desk

Nike Sends Warning About Slowing Consumer Spending

22Dec

By adminNo Comments

World

Nike Sends Warning About Slowing Consumer Spending

Updated Dec. 21, 2023 7:41 pm ETNike cut its revenue outlook for the year amid concerns that consumers around the world are becoming more cautious with their spending.The sneaker and apparel company on Thursday said it anticipates softer sales for the second half of the year. It also plans to shave up to $2 billion in costs over the next three years through streamlining the organization and shedding employees among other moves. Shares plunged nearly 11% in after-hours trading.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

14Dec

By adminNo Comments

World

Stocks Extend Post-Fed Rally – WSJ

Updated Dec. 14, 2023 4:37 pm ETStocks extended their year-end rally. The S&P 500 rose 0.3%, Nasdaq Composite added 0.2%, Dow Jones Industrial Average was up 0.4%, closing at a new record high. Investors have recently been betting that the Fed will pivot to lowering interest rates next year, and the central bank helped confirm that view Thursday by forecasting three rate cuts in 2024. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Broadcom’s Software Makeover Doesn’t Fully Mask Chip Swings

8Dec

By adminNo Comments

Money

Broadcom’s Software Makeover Doesn’t Fully Mask Chip Swings

Broadcom Chief Executive Hock Tan isn’t someone who finds blowing money appetizing. But that $40,000 dinner seems to have gone down well. That was the reported cost for Tan to sit at the table of Chinese President Xi Jinping during a dinner at last month’s Asia-Pacific Economic Cooperation conference in San Francisco. It is a notable sum for an executive known for running one of the most tightfisted chip companies in the business. Broadcom spends just 4% of its annual revenue on sales and marketing—compared with 11% on average by companies on the PHLX Semiconductor Index. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

7Dec

By adminNo Comments

World

A Tale of Two Hats

December makes me think of hats—well, one hat in particular. Not Napoleon’s bicorne hat, an original of which (just in time for Ridley Scott’s movie) sold for $2.1 million at an auction last month in France, but Santa’s hat.The two aren’t as different as you might imagine. They share the same origins and, improbably, tell a similar story. Both owe their existence to the invention of felt, a densely matted textile. The technique of felting was developed several thousand years ago by the nomads of Central Asia. Since felt stays waterproof and keeps its shape, it could be used to make tents, padding and clothes.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Pro Take: Nine West LBO Payouts Upheld, a Blow to Creditors

5Dec

By adminNo Comments

World

Pro Take: Nine West LBO Payouts Upheld, a Blow to Creditors

Dec. 5, 2023 9:00 am ET|WSJ ProMore than $1 billion doled out to shareholders in Sycamore Partners’ 2014 buyout of retailer Nine West and other apparel brands owned by Jones Group is legitimate and can’t be unwound, according to an appeals court ruling that gave priority to market stability over creditors seeking to recoup funds in bankruptcy.In a long-awaited 56-page ruling, the U.S. Second Circuit Court of Appeals last week affirmed the Southern District of New York’s 2020 decision that extended safe harbor protections to payments distributed to shareholders in the deal. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Taylor Swift Sells Out Stadiums, Movie Theaters—and Clothes

4Dec

By adminNo Comments

World

Taylor Swift Sells Out Stadiums, Movie Theaters—and Clothes

In August, Nell Diamond, who runs the fashion and lifestyle brand Hill House Home, was in Montana on bridesmaid duty, getting ready for her best friend’s wedding reception. Peeking at her phone between hair and makeup, she found over 100 texts from her employees, and messages kept rolling in. “At first, I couldn’t figure out what we were freaking out about,” said Diamond, founder and CEO of the brand best known for its Nap Dress. Then she saw: Taylor Swift had worn a black matching set from Hill House to the rehearsal dinner of her frequent collaborator Jack Antonoff and actress Margaret Qualley, and paparazzi photos were swarming the internet. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Elon Musk’s F-Bombs Make Linda Yaccarino’s Job at X Even Harder

3Dec

By adminNo Comments

Technology

Elon Musk’s F-Bombs Make Linda Yaccarino’s Job at X Even Harder

Updated Nov. 30, 2023 9:24 pm ETElon Musk’s F-bomb-laden tirade at advertisers will make X Chief Executive Linda Yaccarino’s job harder as she tries to rebuild the company’s ad-sales business, industry executives said. “It’s a line in the sand that can’t be undrawn,” said Craig Atkinson, chief executive officer of Code3. “I have no idea what kind of salesmanship can counteract a sentiment like that.” Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Pharrell Williams Brings Louis Vuitton to Hong Kong for Fashion Show

1Dec

By adminNo Comments

World

Pharrell Williams Brings Louis Vuitton to Hong Kong for Fashion Show

HONG KONG—For one night only, this city’s famed promenade along the waterfront was converted into a sandy shoreline. Louis Vuitton, the Parisian luxury powerhouse, staged a glitzy fashion show in Hong Kong Thursday evening, with a front row studded by Chinese celebrities, music by the brand’s menswear creative director Pharrell Williams and models marching along the fabricated seaboard in sailor uniforms and surfer wetsuits. The blowout affair—Louis Vuitton’s first show in Hong Kong—asserted LVMH’s commitment to courting Chinese shoppers and projecting confidence in what is one of the world’s largest markets for luxury goods.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

1Dec

By adminNo Comments

World

Elon Musk’s F-Bombs Make Linda Yaccarino’s Job at X Even Harder

Updated Nov. 30, 2023 9:24 pm ETElon Musk’s F-bomb-laden tirade at advertisers will make X Chief Executive Linda Yaccarino’s job harder as she tries to rebuild the company’s ad-sales business, industry executives said. “It’s a line in the sand that can’t be undrawn,” said Craig Atkinson, chief executive officer of Code3. “I have no idea what kind of salesmanship can counteract a sentiment like that.” Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

VF Corp. Lays Off 500 Employees Amid Investor Pressure for Cost Cuts

1Dec

By adminNo Comments

World

VF Corp. Lays Off 500 Employees Amid Investor Pressure for Cost Cuts

U.S. sportswear and footwear company VF Corp.has laid off about 500 employees globally amid flagging consumer demand and activist investor pressure to trim costs.VF, the owner of retail brands including Vans, The North Face and Timberland, said in a statement Thursday that the cuts were across all its brands, corporate functions and geographies.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8