Shoppers walk through Manhattan on Nov. 7, 2025, in New York City. Spencer Platt | Getty Images High-income consumers are trading down, Gen Z is spending less, and low-income shoppers are still struggling, according to many consumer companies that shared their latest quarterly results in recent weeks. Those trends may not bode well for the…
Stephen Curry #30 of the Golden State Warriors looks on during the game against the Sacramento Kings during the 2024 Play-In Tournament on April 16, 2024 at Golden 1 Center in Sacramento, California. Rocky Widner | National Basketball Association | Getty Images Under Armour and Stephen Curry have mutually agreed to end their 13-year partnership…
Logo of Swiss shoemaker On is displayed in a shop in Zurich, Switzerland, Aug. 28, 2025. Denis Balibouse | Reuters On raised its full-year guidance for the third quarter in a row on Wednesday after the Swiss sportswear company posted another three months of double-digit growth, bucking a slowdown in the sneaker market. The company,…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets : Stocks erased much of their losses Friday but were still lower on the week. The S & P 500 was on track for a…
Hoka shoes are seen in a store in Krakow, Poland on February 1, 2023. Jakub Porzycki | Nurphoto | Getty Images Shares of footwear maker Deckers Brands plunged more than 12% Friday after the company trimmed its sales guidance for Hoka and Ugg — the two brands driving its growth — over concerns that tariffs are…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market update : Stocks are higher on Monday, overcoming a soft open. But once again, the largest companies are driving the action, with the market-weighted S…
On Running shoes at On’s headquarters in in Zurich, Switzerland. CNBC On sales rose 32% in the Swiss sportswear company’s second quarter, leading it to raise its full-year revenue guidance even as it contends with new tariffs on imports from Vietnam. The buzzy sneaker brand, which has been credited with taking market share from Nike,…
Can running shoes be made by a spray gun? That’s the idea behind LightSpray, a new manufacturing technique created by Swiss sneaker company On. “It allows us to produce an upper material in a completely automated way,” said Marc Maurer, On’s former co-CEO who recently left the company. “A traditional product is touched by approximately…
