It is currently Fri Aug 17, 2018 12:41 am

Post new topic Reply to topic  [ 1 post ] 
 fter-hours action in the stock market today aft 
Author Message

Joined: Mon Jul 17, 2017 5:25 am
Posts: 587
Post fter-hours action in the stock market today aft
Sneakerhead culture looks to be going mainstream as Nordstrom (JWN) teams up with a rare-sneaker specialist.Secondhand shop Nike Air Force 1 Femme Stadium Goods will have space in the department store giant's first ever men's store when it opens in Manhattan next month.By offering sought-after sneakers such as the rap star Kanye West's wildly popular Yeezy line from Adidas and Adidas ZX Flux Donne the ultraexpensive Air Jordan 11 offerings from Nike (NKE), Nordstrom hopes to attract a whole new audience to the store."Sneakers have disrupted fashion and are now being mixed with everyday looks from desk to dinner," Kristin Frossmo, Nordstrom's general merchandise manager, said in a press release. "We couldn't be more excited to be Stadium Goods first retail partner of choice."Meanwhile, Stadium Goods founder and CEO John McPheters is hoping such a high-profile partnership will change the smelly and sweaty stereotype secondhand training shoes have among more general consumers."In our minds the [resale] market has always been like a dirty world, and we are trying to clean that up with a consumer-rich experience to get behind," McPheters told CNBC. "[Nordstrom] has gotten behind our products and what we are selling. ... It's a happy marriage."He also said the store will offer a hand-picked selection based on popular trends, and that styles will be frequently rotated.Nordstrom shares were down 3.3% on the stock market today after its board terminated talks Tuesday with Nordstrom family members who wanted to acquire the company and take it private. Management has said they could not agree on a price. Rival Macy's (M) lost 0.9%. Nike, which reports quarterly earnings Thursday night, slid 0.71%, and U.S.-listed shares of Adidas climbed 1.7%.

A popular subculture among millennials, sneakerheads are people who love and collect sleek Adidas NMD Mujer athletic shoes. The movement has exploded on the internet, with fans sharing gossip and photos of their sneakers online.Stadium Goods specializes in e-commerce, however it opened its first and only store in the trendy SoHo Nike Air Max 2017 Damen area of New York back in 2015.The new partnership will allow it to grow a more prominent physical presence, while Nordstrom could benefit by drawing male customers keen to track down coveted footwear.In a bid to differentiate the forthcoming men's store further, Nordstrom will offer a clubhouse where men can enjoy cocktails, a coffee bar, on-site tailoring, and a shoe-shining stand, which will not be of much use to sneaker aficionados shares are sliding late Monday after a special committee of the board of directors said that it has rejected a buyout bid by the Nordstrom family, calling the price "inadequate."The Adidas Superstar Mens Nordstrom family group, which includes co-presidents Blake, Peter and Erik Nordstrom, is interested in offering $50 a share for all outstanding shares of common stock that they do not already own, plus 21% of shares owned Nike Air Max Classic BW Dam by Nordstrom family members in the group, according to the company.The special committee said it will end discussions with the family group "unless the Group can promptly and substantially improve the price it is proposing to pay for the Company."

Nordstrom fell 2.5% in after-hours action in the stock market today after closing 2.2% lower to 51.90.Shortly before the market close, Nordstrom announced that it would sell some items from the Anthropologie Home collection from Urban Outfitters (URBN). Urban Outfitters reports earnings late Tuesday.Nordstrom stock edged lower last week but shot up 5% on Friday Nike Air Max 1 Donne after offering up disappointing per-share earnings, but strong same-store sales and profit guidance.The comparable sales growth of 9% in the quarter is the result of the strong execution of our strategy combined with better Nike Air Max 1 Womens product availability, a continued healthy consumer confidence and positive macro conditions, strength in the gaming category, and a favorable competitive environment, as we benefited from the exit or decline of certain competitors," Best Buy Chief Financial Officer Corie Barry said in a news release.est Buy shares surged 4% to close at 75.30 amid a broad market sell-off on the stock market today.Best Buy earned an adjusted $2.42 a share, up 25% year over year, on sales of $15.36 billion, up 14%, in its fiscal fourth quarter ended Feb. 3. Analysts expected $2.05 and $14.57 billion, according to Zacks Investment Adidas ZX 750 Dam Research.Richfield, Minn.-based Best Buy said its same-store sales rose 9% in the period.

Wed Apr 11, 2018 6:25 am
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 1 post ] 

Who is online

Users browsing this forum: No registered users and 4 guests

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
Jump to:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group.
Web Design Wigan Dog Kennels and Runs