shares news and archive

Debenhams shares slip amid warnings of 'market volatility'

London - UK high street retailers are facing a drop in their stocks this morning following a bleak trading update from department store group Debenhams. The struggling retailer revealed a 0.9 percent decline in like-for-like sales for the 15 weeks to June 17 amid "market volatility." In its trading update for the 15 weeks and 41 weeks to June...

Business

Nordstrom Profit Tops Street, Lifts Outlook; Shares Up 11 percent

Shares of Nordstrom Inc. (JWN) jumped 11 percent in extended hours on Thursday after the department store chain reported a second-quarter profit that trumped Wall Street estimates and lifted its full-year earnings outlook. Seattle-based Nordstrom's second-quarter profit plunged to 117 million dollar or 0.67 dollar per share from 211 million...

BusinessFeatured

Lululemon founder believes the company 'has lost its way'

London - Dennis 'Chip' Wilson, founder of Lululemon Athletica is not pleased with the path the sporting goods company has taken, stating that it "has lost its way" and needs "a call to action." In an open letter penned to company shareholders on Wednesday, Wilson voiced his growing concerns for the direction the brand he founded in 1998 is going...

Business

Sports Direct takes stake in Iconix

Sports Direct owner Mike Ashley have managed act on his established interest in sportswear label Umbro by acquiring a stake in its parent company, Iconix Brand Group. The British sportswear conglomerate has acquired an indirect economic interest in 4.3 million Iconix shares, equal to 9 percent of the company, according to a filing at the...

Business

Boohoo grants chief financial officer 400,000 pounds in shares

British online fashion retailer Boohoo.com has awarded its chief financial officer Neil Catto 1.6 million share options worth 400,000 pounds, after his previous options plummeted following a drop in the e-tailer’s share price. Boohoo granted 11.2 million of ordinary shares, at an exercised price of 25.75 p to 172 employees are part of the...

People

Adidas in search of a new CEO

German sportswear giant Adidas is reportedly in search for a new Chief Executive Officer. The shares are up more than 6.2 percent on Xetra. CEO Herbert Hainer, who has been serving the company since 2001, got his tenure extended to 2017. However, the investors were not happy with the company's performance, especially in comparison with its rival...

Fashion

Asos founder sells 20 million pounds of shares

Asos director Nick Robertson has sold 750,000 of his shares in the online fashion business he founded, netting him just over 20 million pounds. Asos share price was down 1.3 percent at 2.611p after Robertson's sale of his shares at 2.716p each. Robertson has sold the shares at a higher point than they were at the start of the 2015, but after a...

Business

Ted Baker CEO to sell over 200,000 shares

Ray Kevin, founder and chief executive officer at Ted Baker, has announced his intention to exercise part of his stock options and sell 202,382 ordinary shares to external investors. The British highstreet retailer’s founder will still hold 15,540,280 company shares, which is equal to an estimated 35 percent of Ted Baker’s ordinary stock. The...

Business

Michael Kors stock downgraded by Credit Suisse

Michael Kors, famous for its affordable accessories, has been downgraded by Credit Suisse as the company's hangbags are increasingly being discounted. According to the Financial Times, analysts lowered their rating to “neutral” from “outperform” and cut their price target to 79 from 103 US dollars making it the worst performing stock on the US...

Fashion

Sports Direct wins high court claim

Retailer Sports Direct claimed a multi million pound victory at the high court last week over shares in rivals. The legal dispute centered on the amount Sports Direct had to pay the liquidators for Kaupthing Singer & Friedlander (KSF) for shares it bought in rivals Blacks Leisure and JD Sports Fashion - the British subsidiary of the Icelandic...

Fashion

Fashion shares tumble

Concerns in the retail sector were evident as trading worries caused fashion stocks to tumble. Despite Next's good full year results, shares fell 106p to 1640p as the middle market giant said sales since its January 28 year end were worse than expected. The effect was felt at Marks & Spencer, even though it may be taking market share from Next....

Fashion

Business shares

If you are looking to invest in retail shares Standard & Poor's Equity Research team have said sportbrand Quiksilver can achieve long-term earning gains of 15 to 20 per cent and consider the shares undervalued vs. the company's industry peers and the S&P SmallCap 600 index. Opportunity for market-share gains are expected over the next few years...