Latest news with #Apparel
Arabian Business
4 days ago
- Business
- Arabian Business
From shopping bag to property deed: Dubai loyalty points can now buy real estate from as little as $544
Shoppers in Dubai can now turn their spending into real estate investments with newly launched loyalty programme benefits. Dubai-based retail group Apparel has unveiled a partnership between its Club Apparel loyalty programme and fractional real estate platform PRYPCO Blocks. The 'Spend to Invest' initiative lets shoppers convert their loyalty points into property ownership. Dubai fractional real estate ownership scheme With nearly 4 million members in the UAE, Club Apparel already offers personalised rewards, experiences, and access to globally recognised fashion, footwear, beauty, and lifestyle brands. Now, members can take those everyday purchases a step further by using earned points to buy shares in Dubai's property market through the PRYPCO Blocks app. Starting from just AED2,000 ($544), shoppers can begin building equity in real estate while continuing to enjoy instant shopping rewards. Amira Sajwani, Chairperson, PRYPCO Blocks and Founder and CEO of PRYPCO, said: 'For the first time, we're bridging the gap between consumer spending and property investing, enabling customers to turn shopping rewards into real estate investments. 'It's part of our broader mission to democratise property ownership and offer every individual a chance to build wealth through real estate.' Sima Ganwani Ved, Founder and Chairwoman of Apparel Group, said: 'Our mission has always been to enhance the lives of our customers. We have brought them the best in fashion, footwear and beauty, and now we are giving them the chance to turn their rewards into a step towards owning a home. 'This is about adding real value to their everyday choices and helping them invest in a future that goes beyond shopping.'
Qatar Tribune
07-08-2025
- Business
- Qatar Tribune
Modi vows to protect farmers amid Donald Trump's 50% tariff salvo
Agencies Indian Prime Minister Narendra Modi said on Thursday he will not compromise the interests of the country's farmers even if he has to pay a heavy price, in his first comments after US President Donald Trump's salvo of a 50 percent tariff on Indian goods. 'For us, our farmers' welfare is supreme,' Modi said at an event in New Delhi. 'India will never compromise on the wellbeing of its farmers, dairy (sector) and fishermen. And I know personally I will have to pay a heavy price for it,' he said. Trump announced an additional 25 percent tariff on Indian goods on Wednesday, raising the total duty to 50 percent — among the highest imposed on any US trading partner. The new tariff, effective August 28, is meant to penalize India for continuing to buy Russian oil, Trump has said. While Modi did not explicitly mention the US or the collapsed trade talks, his comments marked a clear defense of India's position. Trade talks between India and the United States broke down after five rounds of negotiations over disagreement on opening India's vast farm and dairy sectors and stopping Russian oil purchases. India's foreign ministry has called the US decision 'extremely unfortunate' and said it would 'take all necessary steps to protect its national interests.' The US has yet to impose similar tariffs for China, the biggest buyer of Russian oil. Experts say China's dominance in rare earth minerals — critical to high-tech industries — gives it leverage that India currently lacks. 'The US tariff hike lacks logic,' Dammu Ravi, secretary of economic relations in India's foreign ministry, told reporters. 'This is a temporary aberration, a temporary problem that the country will face, but in course of time, we are confident that the world will find solutions.' India is already signaling it may seek to rebalance its global partnerships. Modi is preparing for his first visit to China in over seven years, suggesting a potential diplomatic realignment amid growing tensions with Washington. Brazilian President Luiz Inacio Lula da Silva said on Wednesday he would initiate a conversation among the BRICS group of developing nations about how to tackle Trump's tariffs. He said he planned to call Modi and China's Xi Jinping. The BRICS group also includes Russia and South Africa. India's Ravi added that 'like-minded countries will look for cooperation and economic engagement that will be mutually beneficial to all sides.' Both supporters of Modi and the opposition Congress party have called on him to respond firmly to the US tariffs, urging action 'with self-respect and dignity.' 'India's national interest is supreme. Any nation that arbitrarily penalizes India for its time-tested policy of strategic autonomy, rooted in the ideology of non-alignment, does not understand the steel frame India is made of,' Congress party president Mallikarjun Kharge said. Indian industry, already struggling with global headwinds, has expressed alarm. Sudhir Sekhri, chairman of the Apparel Export Promotion Council, said: 'There is no way the industry can absorb such a steep hike'. He demanded fiscal support from the government. Indian billionaire Mukesh Ambani's Reliance Industries in its annual report said continuing geopolitical and tariff-related uncertainties may affect trade flows and demand-supply balance. India's equity market, which has been weakening due to tariff risks and muted earnings growth slipped another 0.5 percent on Thursday to three-month lows. The reaction was muted as investors bet on the tariffs being negotiated down.
Globe and Mail
10-06-2025
- Business
- Globe and Mail
Implied Volatility Surging for Abercrombie & Fitch Stock Options
Investors in Abercrombie & Fitch Co. ANF need to pay close attention to the stock based on moves in the options market lately. That is because the June 20, 2025 $180 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. What do the Analysts Think? Clearly, options traders are pricing in a big move for Abercrombie & Fitch shares, but what is the fundamental picture for the company? Currently, Abercrombie & Fitch is a Zacks Rank #4 (Sell) in the Retail - Apparel and Shoes industry that ranks in the Bottom 34% of our Zacks Industry Rank. Over the last 60 days, no analyst increased the earnings estimates for the current quarter, while six have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $2.58 per share to $2.30 in that period. Given the way analysts feel about Abercrombie & Fitch right now, this huge implied volatility could mean there's a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Looking to Trade Options? Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk. Click to see the trades now >> Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> Abercrombie & Fitch Company (ANF): Free Stock Analysis Report
Yahoo
21-05-2025
- Business
- Yahoo
IDeA World College Students Shine in University Rankings
BENGALURU, India, May 21, 2025 /PRNewswire/ -- Students from IDeA World College, a leading design institute affiliated with Bangalore University, have achieved remarkable success in the recently announced Bangalore University Semester Examination results. The college, well-regarded for its specialized programs in fashion and interior design, is celebrating the academic distinction of three students who secured top university ranks in their respective fields. Himadri Suguru, a student of in Fashion and Apparel Design (FAD), secured an impressive 2nd rank, showcasing both academic excellence and a strong foundation in design. Alongside her, Grishmaa R Bavishi, from the in Interior Design and Decoration (IDD) program, secured the 6th rank, and Nidhi D Kulkarni, also from the Fashion and Apparel Design course, earned the 7th rank. All three belong to the 2021 batch and have demonstrated remarkable dedication, creativity, and scholarly discipline throughout their academic journey. The management of IDeA World College expressed pride in the achievements of its students, noting that these results reflect the institution's commitment to nurturing talent and providing industry-oriented design education. "Design education is about more than just creativity—it's about clarity of thought, innovation, and execution. We are proud of our students for embodying these values and achieving such commendable results," said Zulekha Asif, Fashion Design Faculty, IDeA World College. The accomplishments of these students not only bring laurels to the college but also reinforce its reputation as a premier destination for aspiring designers in India. View original content: Sign in to access your portfolio
Yahoo
13-05-2025
- Business
- Yahoo
Nike (NKE) Stock Dips While Market Gains: Key Facts
Nike (NKE) closed the latest trading day at $62.39, indicating a -0.3% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.73%. Elsewhere, the Dow saw a downswing of 0.64%, while the tech-heavy Nasdaq appreciated by 1.61%. Prior to today's trading, shares of the athletic apparel maker had gained 12.94% over the past month. This has lagged the Consumer Discretionary sector's gain of 16.16% and outpaced the S&P 500's gain of 9.07% in that time. The upcoming earnings release of Nike will be of great interest to investors. The company is forecasted to report an EPS of $0.10, showcasing a 90.1% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $10.65 billion, down 15.49% from the prior-year quarter. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.15 per share and revenue of $45.87 billion, indicating changes of -45.57% and -10.7%, respectively, compared to the previous year. Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Nike. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.22% increase. Nike is holding a Zacks Rank of #3 (Hold) right now. Looking at its valuation, Nike is holding a Forward P/E ratio of 29.11. This valuation marks a premium compared to its industry's average Forward P/E of 15.88. We can also see that NKE currently has a PEG ratio of 1.94. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Shoes and Retail Apparel industry held an average PEG ratio of 1.01. The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 221, this industry ranks in the bottom 11% of all industries, numbering over 250. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply to follow these and more stock-moving metrics during the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NIKE, Inc. (NKE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
