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Jun 28, 2012

Nike profit shy of estimates, shares fall

By Nivedita and Bhattacharjee

(Reuters) – Nike Inc (NKE.N: Quote, Profile, Research, Stock Buzz) missed quarterly profit estimates for the first time in at least two years as high spending and costs of raw materials used in its shoes and T-shirts hurt margins, sending its shares down 11 percent.

The company also saw some tempering in demand, especially in China. Futures orders, which are a closely watched metric for its swoosh-marked products, rose 7 percent. That is less than half of the rise in the third quarter.

Jun 9, 2012

Football stakes rise as Nike presses on Adidas’ turf

By Nivedita Bhattacharjee

(Reuters) – When Germany faces Portugal at the Euro 2012 football championship on Saturday, another battle is playing out between sponsors Nike Inc and Adidas AG for the top spot in selling gear for the world’s most popular sport.

The Portuguese team’s Nike-sponsored red jerseys, set against the white Adidas jerseys worn by Germany, underscore how much headway Nike has made against Adidas, once the dominant brand for all things football.

Jun 8, 2012

Soccer stakes rise as Nike presses on Adidas’ turf

June 8 (Reuters) – When Germany faces Portugal at the Euro
2012 soccer championship on Saturday, another battle is playing
out between sponsors Nike Inc and Adidas AG
for the top spot in selling gear for the world’s most popular
sport.

The Portuguese team’s Nike-sponsored red jerseys, set
against the white Adidas jerseys worn by Germany, underscore how
much headway Nike has made against Adidas, once the dominant
brand for all things soccer.

Jun 1, 2012

Summer season lacks fireworks for U.S. retailers

By Nivedita Bhattacharjee

(Reuters) – With a weak job market, signs of rising inventories and the shopping-intensive festive season still months away, U.S. retailers are bracing for a bland second quarter.

Quarterly earnings for the retail sector are expected to rise 8.8 percent in the quarter from a year ago, after jumping 12.2 percent in the first quarter when unseasonably warm weather and colorful clothes helped sales, according to Ken Perkins, president of research firm Retail Metrics.

May 25, 2012

Talbots deal on hold for now, shares plunge

By Nivedita Bhattacharjee

(Reuters) – Shares of Talbots Inc (TLB.N: Quote, Profile, Research, Stock Buzz) plunged as much as 39 percent on Friday after exclusive negotiations with Sycamore Partners ended without an agreement for the private equity firm to buy the women’s apparel retailer, which can now look for other deals.

Talbots said it is open to pursuing a transaction with Sycamore at $3.05 per share, which would value the retailer at around $215 million, if the private equity firm can provide certainty that it can get financing and close the deal. Talbots said Sycamore was not ready make a deal at this time.

May 16, 2012

Abercrombie comparable sales down, shares fall

By Nivedita Bhattacharjee

(Reuters) – Abercrombie & Fitch Co (ANF.N: Quote, Profile, Research, Stock Buzz) posted a sharp drop in profit and its first quarterly decline in sales at established stores in more than two years, pressured in part by weak sales in Europe.

Its shares fell some 8 percent in premarket trading.

Same-store sales, or sales at stores open at least a year — an important measure of retail growth — fell 5 percent in the quarter, and the teen clothing retailer forecast a tepid year ahead.

May 15, 2012

Amazon aims to launch front-lit Kindle in July

By Nivedita Bhattacharjee

(Reuters) – Amazon.com Inc will launch new versions of its Kindle e-reader and tablet, including a monochrome e-reader with front lighting, a source who has seen the prototype told Reuters.

The world’s largest Internet retailer is aiming to have the new e-reader in stores in July, said the source, who has direct knowledge of the matter but asked not to be named because Amazon (AMZN.O: Quote, Profile, Research, Stock Buzz) has not yet made the decision public.

May 14, 2012

Amazon aims to launch front-lit Kindle in July –source

May 14 (Reuters) – Amazon.com Inc will launch new
versions of its Kindle e-reader and tablet, including a
monochrome e-reader with front lighting, a source who has seen
the prototype told Reuters.

The world’s largest Internet retailer is aiming to have the
new e-reader in stores in July, said the source, who has direct
knowledge of the matter but asked not to be named because Amazon
has not yet made the decision public.

May 3, 2012

Apparel sales stay strong in April

By Nivedita Bhattacharjee

(Reuters) – Several clothing retailers, including Limited Brands Inc (LTD.N: Quote, Profile, Research, Stock Buzz) and Zumiez Inc (ZUMZ.O: Quote, Profile, Research, Stock Buzz), posted better-than-expected sales in April, helping to allay fears that March’s strength came from an earlier Easter and a warm start to the spring season.

But Costco Wholesale Corp (COST.O: Quote, Profile, Research, Stock Buzz) missed Wall Street estimates for the second month in a row, indicating competition with other big-box retailers hurt the biggest U.S. warehouse club operator’s performance.

May 3, 2012

U.S. apparel sales stay strong in April

May 3 (Reuters) – Several U.S. clothing retailers, including
Limited Brands Inc and Zumiez Inc, posted
better-than-expected sales in April, helping to allay fears that
March’s strength came from an earlier Easter and a warm start to
the spring season.

But Costco Wholesale Corp missed Wall Street
estimates for the second month in a row, indicating competition
with other big-box retailers hurt the biggest U.S. warehouse
club operator’s performance.

    • About Nivedita

      "Reporter, covering the consumer/retail sector. Apparel is the beat. Currently based in Chicago. Joined Reuters in 2008"
      Hometown:
      Chicago
      Joined Reuters:
      2008
      Languages:
      English, Hindi, Bengali
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