Guess?, Inc. GES is in solid shape, courtesy of its impressive digital operations and other strategic growth endeavors. Notably, this Zacks Rank #1 (Strong Buy) stock has surged 53.9% in the past three months compared with the industry’s growth of 24.3%. Moreover, the stock has comfortably outperformed the Zacks Consumer Discretionary sector’s increase of 12% during the same period.
Let’s dive deeper.
E-commerce Business: A Key Driver
Guess? is benefitting from its solid digital efforts. In fact, the company’s online business remained operational amid the coronavirus-induced store closures. Notably, Guess?’s e-commerce business in North America and Europe increased 9% year over year in the second quarter of fiscal 2021. In its last earnings call, management notified that is optimistic about its online growth in the remaining half of 2020. In this regard, the company is increasing its marketing investment, repositioning product offerings and finishing the implementation of Salesforce platform.
Wall Street closed out its best week in three months Friday as investors drew encouragement from ongoing negotiations on Capitol Hill aimed at delivering more aid to the ailing U.S. economy.
The S&P 500 rose 0.9%, its third straight gain. The benchmark index ended the week with a 3.8% gain, its strongest rally since early July.
Much of this week’s focus has been on Washington, where President Donald Trump sent markets on a sudden skid Tuesday after he halted negotiations on a support package for the economy until after the election. He appeared to change his mind a few hours
More than half a year since the pandemic brought U.S. travel to a grinding halt, a significant number of would-be passengers still are avoiding airline, bus and rail travel to and from Maine.
Passenger counts on air and rail connections to the state, even during the busy summer season, have remained dramatically lower than a year ago. Meanwhile, traffic on state roads has largely rebounded after cratering this spring.
That trend mirrors the national travel picture, said Roger Dow, president and CEO of the U.S. Travel Association. Months after the pandemic first hit American shores, U.S. consumers still feel safer traveling by car and staying fairly close to home, rather than taking longer trips that require close contact with strangers.
“People say they are extremely comfortable driving – they are comfortable driving with their own family,” Dow said. “When it comes to air traffic, the confidence level is about 30
A young entrepreneur has revealed how he’s earning as much $100,000 a month through his e-commerce businesses.
At the age of 14, Lukas Tsimopoulos, from Adelaide, South Australia started selling products on eBay after being ‘driven out of boredom’ during school hours, which he continued to do for a few years.
What started as a distraction to pass time turned into passion and profit, as Lukas learnt the key to what makes an online business successful and how to sell products well.
The now 20-year-old has built multiple online brands that have together made more than six figures in profit, but the most popular is his beauty and health outlet that focuses on different skincare products from overseas.
With his successful track record, Lukas is currently on track to earning more than $100,000 per month.
He told FEMAIL his road to success was challenging at times, but believes anyone can
The S&P 500 rose 30.31 points to 3,477.14. The Dow Jones Industrial Average gained 161.39 points, or 0.6%, to 28,586.90. The gain nudged the Dow into positive territory for the year. The Nasdaq composite climbed 158.96 points, or 1.4%, to 11,579.94.
Small-company stocks added to their solid gains this week. The Russell 2000 index picked up 9 points, or 0.6%, to 1,637.55. The index jumped 6.4% this week.
Investors have been clamoring for more federal aid since the expiration of extra benefits for laid-off workers and other stimulus for the economy that Congress approved earlier this year. Economists say the outlook is grim without such support, and the chair of the Federal Reserve has said repeatedly it will likely be necessary.
Still, the prospects for a new deal on more aid have been shaky, especially this week.
Trump said that House Speaker Nancy Pelosi was negotiating in bad faith when
In the two months since earned wage access (EWA) provider Immediate launched Visa Direct as a payment option, the near real-time method is already accounting for 50% of its payments.
When Immediate launched in October 2018, it first offered its users the ability to gain access to their earned, but not yet paid, wages through an ACH transfer that could take several days. But one Saturday this February, just before the pandemic hit, an end-user put in a customer support ticket that prompted the fintech to shift to a faster payments rail.
“We had a guy put in a support ticket on a Saturday morning asking ‘where’s my money?’,” said Matt Pierce, founder and CEO of Immediate. “He needed $10 for gas to get to work and couldn’t wait until it was ACH’ed to his account on Monday. We had one of the guys on the support team Venmo him
If you’re someone who prefers to order grocery delivery, you’re likely familiar with the various delivery and services fees many companies charge. The price you pay for convenience can add up, but there’s a new money-saving promotion that can help you buy groceries at lower fees.
Mastercard and Instacart are running a limited-time promotion where cardholders can qualify for two free months of Instacart Express membership upon sign-up now through March 31, 2021. This perk is valued at approximately $20 since Instacart Express costs $9.99 per month.
With Instacart Express, you can benefit from faster delivery, no delivery fees on orders over $35, reduced service fees and more.
You can qualify for this offer if you currently don’t have an active Instacart Express membership and haven’t claimed this offer previously. In order to get two months free, you must add your Mastercard as the payment method. Any U.S.-issued Mastercard that
Tesco’s online business has grown by a whopping 90% across the three months to the end of August, driving overall food sales up by 9% and seeing pre-tax profits for the half year hit £551 million.
The shift to online is part of a wider change in shopping habits, which has seen consumers doing a large weekly shop online, then heading to local Tesco stores for a top up.
This has seen large store sales grow by just 1.4%, while the retailer’s local store portfolio has seen a 7.6% rise in sales across the period. Average basket sizes in large stores have, however, risen by 56% as shoppers make fewer trips.
However, with the surge in online happing more rapidly than expected and with these changes in shopper habits coming down the pipe, Tesco has also incurred a hefty £553 million bill for