Latest news with #Sole
Yahoo
23-05-2025
- Business
- Yahoo
Why Amer Sports Was Scoring Big With Investors This Week
The company notched a satisfying beat-and-raise first quarter. It's particularly impressive that this was achieved with a relatively mature product portfolio. 10 stocks we like better than Amer Sports › Amer Sports (NYSE: AS) surely won some new fans over the past few days, thanks to its impressive first-quarter performance. In the wake of those figures being published the stock was vaulting 20% higher week to date as of Thursday evening, according to data compiled by S&P Global Market Intelligence. Amer, which owns something of a grab bag of sporting goods brands that includes Arc'teryx and Louisville Slugger, unveiled its first-quarter results well before market open on Tuesday. For the period, the company booked revenue of $1.47 billion, which was a sturdy 23% higher on a year-over-year basis. Better, it nearly tripled its non-IFRS (adjusted) net income over that one-year stretch, to just over $148 million ($0.27 per share) from first quarter 2024's $50 million. This meant a beat-and-raise quarter for Amer, as the company's revenue and profitability topped the consensus analyst estimates, and management cranked its guidance higher. In the hours and days following the earnings release, what felt like a baseball team-sized pack of analysts raised their price targets on Amer's shares. One of the many was UBS' Jay Sole, who made quite a substantial increase in his to $50 per share, well up from his preceding $37, and maintained a buy recommendation. According to reports Sole believes the stock is being shunned due to its relatively high dependence on the Chinese market; however, it's managing to grow robustly and should continue doing so. The analyst is modeling a 17% sales rise over the next year, and a compound annual growth rate of 30% through 2029. It isn't easy to coax growth out of fairly mature brands, so Amer's management deserves its flowers for this success. I think it's entirely realistic to believe the team has the ability to keep notching wins like we saw in the first quarter, and given that I'd certainly consider its stock a strong buy candidate. Before you buy stock in Amer Sports, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Amer Sports wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $644,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $807,814!* Now, it's worth noting Stock Advisor's total average return is 962% — a market-crushing outperformance compared to 169% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Amer Sports Was Scoring Big With Investors This Week was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time Business News
22-05-2025
- Entertainment
- Time Business News
Kicks Lounge x Seoul, Soul, Sole Sizzled as Air Jordan's Hottest Sneaker Drop of the Year
This past weekend, Akron, Ohio was the epicenter of sneaker culture as Kicks Lounge unveiled 'Seoul, Soul, Sole'—an immersive, sold-out experience blending Korean heritage, street culture, and the highly anticipated release of the limited-edition Air Jordan 3 'Seoul 2.0.' Curated by Korean-American designer and Kicks Lounge founder Thomas Kim, the event was more than a launch. It was a statement. As an Akron native chosen by Jordan Brand to debut the sneaker, Kim responded with a deeply personal vision—transforming a reimagined warehouse into a cultural playground rooted in legacy, creativity, and community. Guests were welcomed into a full-sensory gallery experience, complete with neon Jumpman and Korean flag installations, a towering six-foot sculpture of the Air Jordan 3 'Seoul 2.0,' and immersive storytelling elements that celebrated Kim's heritage. A 'Window into Korean Heritage' installation served as the heartbeat of the space, while live DJ sets from DJ ESO, 100 Grand, and DJ Pikachieu kept the energy high. Curated bites, Korean-inspired cocktails, and food trucks added to the electric atmosphere, offering guests a chance to taste the cultural fusion on display. This was also one of the first opportunities for sneakerheads to get their hands on the AJ3 'Seoul 2.0' ahead of its broader release, making the drop one of the most talked-about of the year. Exclusive giveaways and raffles heightened the excitement, while attendees from across the country came out in force, including celebrities and pro athletes like Jerome Baker of the Cleveland Browns, Justin Layne of the Steelers, Mohamed Sanu of the Falcons, actress and recording artist Briannagh D, and YouTuber and college basketball standout Robert Fomby. 'This wasn't just a sneaker drop—it's a movement,' said Kim. 'Seoul, Soul, Sole bridges my Korean roots with the Akron community. It's about honoring legacy, embracing culture, and showing how far style can travel when it's built on something real.' The event solidified Kicks Lounge as a creative force in sneaker culture, and 'Seoul, Soul, Sole' as one of the boldest expressions of identity and design this year. Event coverage and photos can be found at B-roll footage is available at the provided link, and additional photography is hosted on WireImage. For updates, follow the journey on Instagram at @KicksLounge. TIME BUSINESS NEWS
The Star
20-05-2025
- Politics
- The Star
Interview: Spain must upgrade power grid to match renewable energy shift, expert warns
BARCELONA, Spain, May 20 (Xinhua) -- Spain must adapt its electrical grid to reflect the country's evolving energy landscape or risk more large-scale blackouts, Jordi Sole, an energy expert and professor at the University of Barcelona, told Xinhua in an interview on Tuesday. His warning comes ahead of a Senate vote on Wednesday that could urge the government to launch an independent investigation into the nationwide blackout that affected the country on 28 April. Sole said the root cause of the blackout is the lack of flexibility and stability in Spain's electrical system. "The grid has not been adapted to the new reality," Sole said. "The system is unstable and not flexible enough to respond quickly to oscillations in market supply and demand. It lacks the stabilization mechanisms needed to adapt to these fluctuations," he said. Spain has made significant progress in its energy transition, with renewable energy accounting for 56 percent of electricity generation in 2024, according to Red Electrica, the national grid operator. Sole said this transformation has outpaced the modernization of infrastructure. He argued that "not enough has been done to adapt the electrical network to this new energy mix." "The systemic problem of the electrical grid is that Spain's network is designed for an energy system that we are making a transition away from. It's a system based on fossil fuels and centralized energy sources that can provide power on demand," Sole added. The unprecedented blackout, described in the industry as a "zero energy" event, is still under investigation. On 14 May, Spain's Minister for Ecological Transition Sara Aagesen told Parliament that initial findings indicated three successive outages in the southwest triggered a cascade effect that ultimately caused the collapse of the national grid. According to Sole, another vulnerability is Spain's limited interconnection with the broader European grid, as the "lack of interconnection of the peninsular network with the rest of the continent" remains evident. He cited the International Energy Agency (IEA), which has repeatedly urged European governments to double investment in energy grids. "The investment at both the European and Spanish levels currently accounts for 0.36 percent of GDP. However, the IEA suggests that the rate should be 0.6 percent, which is double the current rate -it hasn't been done because it's expensive," he said. Sole also highlighted the role of private energy firms in the debate. "These companies, which earn millions from the business of electrical energy, should make some contribution to the grid," he said, calling out their reluctance to contribute and reduce their profits. He concluded by calling for a more holistic energy strategy that prepares the grid for a renewable-driven future. "This requires a new vision of energy consumption, one that considers environmental impacts, social and energy justice, and energy poverty," Sole said.
Yahoo
26-02-2025
- Business
- Yahoo
Fairmont's Disability Action Center launches Rotaract Club
FAIRMONT — One evening while Julie Sawyer sat watching TV with her husband, and an idea popped into her head. 'My husband was talking about a Disability Action Center board meeting he attended, and it just popped into my head,' Sawyer, president of the Rotary Club of Fairmont, said. 'I said, why don't we have a Rotaract Club at the DAC?' After a few months of planning and organizing, Sawyer's idea grew and sprouted. Tuesday afternoon, Alesa Anne Staud, first president of the DAC's Rotaract Club, gaveled the bell signifying the very first meeting of the organization. Staud described being president of the club as 'incredible.' Member's from Fairmont's Rotary Club, as well as the South Fairmont Rotary Club, were on hand to assist and provide guidance for the meeting. Sawyer said Rotaract Clubs are offshoots of the main club, and are mainly for people who want to engage in the Rotary's community service mission but don't have the time or ability to do a traditional meeting. Instead, meetings are typically held at breakfast or lunch time, which makes them accessible to more people. Individuals who show interest in the club can fill out an application and go through a vetting process before joining. Rotaract Clubs are typically for younger adults, Sawyer said. 'Sean and Julie Sawyer approached me about starting a Rotaract Club at the DAC,' Julie Sole, executive director of the DAC, said. 'To which I replied, 'why didn't I think of that?' It was the most amazing idea, and I really could not believe I hadn't thought of it already.' Sole said the organizing of the the new club took part throughout the fall of 2024. Rotaract fits in well with the DAC, because the nonprofit already had a community service group that meets monthly. The DAC transformed the existing club into the Rotaract and educated parents and clients about what the transformation meant. The DAC chartered the club last month. Sole is a Rotarian herself. The Rotary Club is a global organization composed of smaller community clubs that dedicate themselves to community service. Sole said the DAC's Rotaract Club will partner with local Rotary groups on service projects, such as the annual Celebration of Lights at Morris Park or the community flag program. Each month will have its own theme. This month's is conflict resolution, Sole said the DAC wants to do some things which pertain to that. Staud said the Rotary Club will help her find 'the real her.' She said among the projects she wants to do is community trash pick up, blanket making and donations. 'It makes me feel good,' Staud said. 'It's always making me feel so good, and just to be out there. To stay true to myself.' Sole thinks Staud won't be the only one to pick up positive benefits from having the club. 'I think as you've seen today, they are empowered,' Sole said. 'They know this is a big deal. They've become part of a global organization. They are officers in their Rotaract Club. They're going to lead meetings. They're going to plan service projects and give back to their community. It's an amazing thing.'
CNN
07-02-2025
- Business
- CNN
Tariffs will hurt most stores — but not TJ Maxx
New York CNN — US retailers have been stockpiling clothing, furniture and other goods to get ahead of President Donald Trump's tariffs kicking in and raising their costs. That's created a perfect scenario for TJ Maxx — and it's not because the company is selling all-American goods. Tariffs are taxes placed on imported goods, designed to protect domestic manufacturers from foreign competition. Companies that import products pay the taxes and typically pass the extra cost on to customers in the form of higher prices. Trump enacted a new 10% across-the-board tariff on Chinese goods Tuesday morning. Trump also ordered 25% tariffs on Mexican and Canadian goods, but he delayed them just hours before the sweeping actions were set to go into effect until March 1. TJX gains an advantage from the inventory pile up because, unlike most retailers, the company only imports a small percentage of its merchandise directly from factories overseas. TJX instead relies mostly on buying designer brands' excess merchandise from them, much of it after it's already been imported — and then selling it to customers anywhere from 20% to 60% below regular prices. And since the tariff is only paid once, when the product is initially imported, TJ Maxx doesn't have to pay its own tariffs on most of the things it sells. After Trump was elected, businesses raced to grow their inventories and increased their orders from suppliers even further to get in front of potential tariffs. As a result, retailers' inventory levels were up 2% annually during the third quarter of 2024, according to the latest data from Jefferies. Companies also ordered more inventory to get ahead of potential crippling US port strikes, which ultimately were averted earlier this year. 'A storm is brewing' in the retail sector as inventories are rising for the first time in two years, Jefferies analyst Corey Tarlowe said in a report this week raising estimates for TJX, the owner of TJ Maxx, Marshalls and HomeGoods. 'TJX should be a significant beneficiary.' TJX's 'opportunistic buying' strategy capitalizes on other companies' misfortune, scooping up items that have piled up due to supply chain disruptions, canceled orders and overproduction. TJX predicted November that that the 'chaos' Trump's tariffs may bring to the retail industry plays right into its business model. UBS analyst Jay Sole also said tariffs will benefit TJX and discount clothing retailers in a report this week. 'Tariffs likely create meaningful supply chain dislocation,' Sole said. 'This is another reason to buy (TJX and Burlington) stocks since these companies typically outperform in times of dislocation.' TJX is one of the few retailers that appears to benefit from tariffs. Steve Madden, Boot Barn, Skechers and other companies have the most negative exposure to tariffs, Sole said. Boot Barn sources an estimated 55% of its goods from China, Mexico, and Canada. Boot Barn said on an earnings call last month that if there are 'significant' tariffs, the company will pass on some of the price increase to customers. Walmart and other retailers have also said that they may have to raise prices, while companies like Steve Madden are speeding up plans to move production out of China. 'Our model is everyday low prices. But there probably will be cases where prices will go up for consumers,' Walmart finance chief John David Rainey said in an interview with CNBC after the presidential election last year. TJ Maxx could reap the benefits of supply chain distruptions for a long time. The chain has been one of the strongest retailers over the past decade, in times of both economic growth and downturns. The company has also pressured traditional department stores like Macy's and Kohl's, which stand to lose out from tariffs because department stores rely heavily on imported merchandise.
