Tag Archives: bad-request

Athletic Footwear, Apparel Sales Finish Strong In Q1

Even though the economy grew a sluggish 0.2% in the first quarter, based on preliminary data, demand for athletic shoes and clothing was strong. According to researcher NPD Group, sales of athletic footwear climbed 8%, while sales of activewear grew 9% in Q1 of this year. This marked an improvement from lackluster results last year. “The combination of cold weather, an earlier Easter, and the continued strength of the athleisure trend factored

Vipshop Q1 Tops Views On Strong Online Retail Growth

China e-commerce company Vipshop Holdings (VIPS) reported first-quarter earnings late Wednesday that beat analyst expectations, and the stock moved higher in after-hours trading. Vipshop said Q1 revenue doubled to $1.4 billion, beating the consensus estimate of $1.29 billion. It reported earnings per share minus items of 13 cents, up 126% in local currency and beating the consensus estimate of analysts polled by Thomson Reuters. Ahead of releasing

Apple Watch gross margins will start low but then rise

The gross profit margin for the Apple Watch is below Apple’s (AAPL) company average but has the potential to well exceed that average, UBS said in a research report Wednesday. Based on a teardown analysis of the smartwatch, UBS estimates that the product’s gross margin initially will be about 34% but could rise to 57% when it hits an annual volume of 40 million to 50 million units. UBS is modeling for 31 million units in fiscal 2016, which starts Sept. 27. Apple said that it expects the Apple Watch’s gross margin will be below the corporate average of about 39% in the June quarter. Apple’s gross margin was 40.8% in the March quarter. “Over time we expect Watch margins to be accretive and possibly the highest of any hardware offering, even with our analysis excluding likely highly profitable Edition models and band sales,” the equity…