Apparel & Tech: An Unlikely Marriage in the Stock Market
A cluster of stocks in the apparel sector – companies that capitalized on the uptick in online shopping during the COVID-19 pandemic – are riding the tech wave. From April 1 to September 1, Lululemon’s stock jumped 113%, The Real Real had a 158% surge and the Gap Inc....
No e-commerce? No problem. Investors don’t discount off-price retail
Key players in the off-price retail sector are showing signs of a mid-pandemic rebound as investors bank on the economic crisis spurring long-term demand for discount goods. Burlington Stores (BURL) and Ross Stores (ROST) have outpaced the impressive performance of...
Antitrust suits weigh on sinking big tech stocks
Antitrust suits weigh on sinking big tech After soaring to record highs in August, shares of big tech stocks have driven markets lower this month as developing antitrust cases against four tech mega-caps stoke fears about the sector’s long-term viability. The...
Floating along: Cruise line stocks hold steady in wake of coronavirus
After plunging at the beginning of the pandemic due to travel restrictions, shares of cruise lines have been on a rebound through the summer. Shares of Royal Caribbean (RCL) and Norwegian Cruise Lines (NCLH) have done better than the S&P 500 in the last six...
A costly move: Etsy shakes things up with free shipping
Etsy’s new chief executive, Josh Silverman, is betting its success on free shipping to compete with Amazon, but not without much opposition from the Etsy community. In July, Etsy announced its Amazon-like strategy of free shipping. Sellers were encouraged to provide...
Archer Daniels Midland’s bet on the nutrition industry is beginning to pay off
Food processing giant Archer Daniels Midland bet on the nutrition industry five years ago. And it’s starting to pay off. In a year of trade war and extreme weather—both of which battered ADM’s traditional source of revenue from agricultural processing—the company’s...
Beyond Meat Struggles to Maintain a Profitable Record While Competition Soars
Beyond Meat went public this year with this promise to expose the future of protein, but the reality is more difficult. The young company went public on May 2 and only recently managed to eke out a small quarterly profit. As a new business in the public market,...
Ford Struggles Globally as Automaker Attempts China U-Turn
For Jeoff Burris, who lives near Detroit, the heart of the American auto industry, there’s nothing better than his 2018 Ford F-150 pickup truck. “You got idiots like me who love ‘em,” said Burris, founder of the Metro Detroit Supply Chain, a consulting firm whose...
Kroger is priming for a fight in grocery delivery and online sales
Illustration Noah Lewis Over the past few weeks, grocery giant Kroger has made flashy investments in delivery technology and in-store renovations in an attempt to boost online sales, which could be its next big source of growth. The company is trying to its bolster...
Mired in a Funk, Gap Needs a New Fit in Its Search For a CEO
Gap Inc. celebrated its 50th birthday this year, but the golden anniversary is so far looking more like a goose egg. Once a trendsetter in retail apparel, Gap Inc. has seen its position as a fashion frontrunner fall to the back of the pack under the recent leadership...
Investment Journal
Welcome to Investment Journal, a site covering the world of business right from Times Square. The site is produced by reporters at the New York City News Service and the Craig Newmark Graduate School of Journalism at CUNY. Email your comments to greg.david@journalism.cuny.edu.