Not exact matches
Nike (NKE) had another strong quarter — highlighted by strong demand for athletic
apparel and growth in the company's e-commerce business — and the footwear giant is
expected to report profit and
sales that outpace Wall Street's expectations.
The sports
apparel and footwear giant is
expected to outpace Wall Street's expectations in terms of quarterly profit and
sales, thanks to strong demand for athletic
apparel and the growth of Nike's e-commerce business.
In fact,
apparel is the fastest - growing sector of e-commerce spending, according to eMarketer, with
sales expected to reach $ 48.6 billion this year.
Goldman Sachs, for one,
expects about $ 50 billion (U.S.) more in
apparel sales to shift online over the next four years.
Indeed, The Cotery is poised to ride the wave of online
apparel and accessories
sales nationwide that's seeing nearly 16 percent annual growth and is
expected to reach
sales of $ 56.6 billion in 2014, according to research company eMarketer.
Craig Johnson, president of Customer Growth Partners,
expects apparel will lead holiday
sales growth, with a year - over-year increase of 7.6 percent — its strongest showing in more than a decade.
The athletic
apparel maker said that it
expects to report a steeper than
expected loss for the current quarter as inventories remain high and
sales here in the U.S. remain under pressure.
On Tuesday, the sports
apparel company reported a narrower - than -
expected second - quarter loss, but shares fell as the company trimmed its
sales forecast for the year.
Super Bowl parties are
expected to generate big
sales on team
apparel and electronics this year, according to a survey conducted for the National Retail Federation by BIGresearch, a consumer market intelligence firm...
According to Thomson Financial, specialty retailers saw same - store
sales drop 11.4 percent in July — far lower than analysts
expected — and
apparel retailers didn't fare much better.
«Uncharacteristic or significant weather conditions can affect consumer shopping patterns, particularly in
apparel and seasonal items, which could lead to lost
sales or greater than
expected markdowns and adversely affect our short - term results of operations,» Target noted in its annual filing with the SEC.