Home Blog

See this luxurious Mendham Estate which is brand new construction


MENDHAM, NJ – Step into luxury at this gorgeous brand new home, with formal living spaces for entertaining, walk-in closets, and incredible craftsmanship.

There is still time to personalize this home and truly make it your own.

See more details of his listing below and click on the address for additional photos:

  • Address: 4 Samuel Farm Rd, MENDHAM, NJ
  • Price: $ 1,599,900
  • Bedrooms: 5
  • Bathrooms: 5.5
  • Listing Description: Welcome to Pitney Farm Estates @ Mendham! More exceptional homes by Sema Properties-builder with a solid reputation for superior craftsmanship. New luxury home development in a cul-de-sac next to the historic Pitney Farm Park Green Acreage. The house offers 5 BR, 5.5 BT, a fully finished basement and a 3 car garage. Large floor plan with an elegant and inviting fireplace on the 1st floor. Office or guest suite with full bathroom, large gourmet kitchen with island, dinette Rm. Dramatic family room open on 2 floors with fireplace, formal living room and dining room with elegant carpentry set, hardwood floors, on the 2nd floor. Exclusive MR BR suite with Sitting R, Lavish BT, make-up room. and a huge walk-in closet – his and hers. 2 large bedrooms with J & J bath and large Princes suite with private bathroom and balcony. Rm laundry room on the 2nd fl. Premium Bundle. Elevation of superb stone and Hardie planks. Garage for 3 cars with separate staircase leading to the fully finished basement with sliding door leading to the private courtyard. Many luxury options and upgrades inc. but there is still time to personalize your new home.

This list first appeared on redfin.com. For more information and photos, click here.

Source link

Your beauty gift guide for the season


Christmas is knocking on our doors and we are already humming the tunes of All i want for christmas is you. Yes, in case you were wondering, this is without a doubt our favorite time of year. I mean, what’s not to love? There is no such thing as the spirit of Christmas in the air. Everyone is in a good mood, there are beautiful lights all around the city that illuminate it. Don’t get us started on delicious Christmas decorations! It is the season of happiness, holidays and lots of gifts. Would it really be Christmas if we weren’t talking about gifts? Secret Santas at work, Christmas parties with your BFF’s– so many opportunities to make your loved ones smile.

We’re not going to deny how confusing and exhausting buying a gift can be. More so, when it comes to beauty. With a barrage of products that can easily overwhelm someone, more often than not people end up buying the wrong gifts. Don’t worry a bit, because we’re here with a specially designed gift guide that covers everything beauty related! Perfect to give as a Secret Santa gift or even to stuff into stockings, read on for a look at some ideal gifts—

For the skincare scholar

L’Oréal Paris, Hydrated, Plumped And Radiant Skin Kit

Let’s face it, there is a plethora of skin care products with so many different ingredients and formulations. What could you possibly choose? This kit L’Oreal Paris offers 3 products, all of which are packed with hyaluronic acid, the hero. A hydrating fabric mask, a plumping day cream and a nourishing serum. When used in tandem, it results in healthy, glowing skin. Sounds like a pretty awesome gift for the skincare scholar in your life.

For the makeup lover

Ruby's Organics, the festive kit (Source: www.rubysorganics.in)
Ruby’s Organics, the festive kit

With makeup, the countless nuances and finishes often leave us perplexed. It happens to me from time to time too, don’t worry. As a makeup enthusiast myself who has received the most random beauty products, let me tell you a secret: we LOVE makeup sets. This one from Ruby’s organics is a perfectly assembled set that you simply can’t go wrong with. Liquid eye shadow with rose gold highlights, dark wine lipstick, earthy pink blush and lengthening mascara. Yes, all of this in one kit!

For the hair care aficionado

Moroccan Oil, Hydration Trio (Source: www.moroccanoil.com)
Moroccan Oil, Hydration Trio

Gone are the days when you subconsciously chose a random shampoo for your sister or even your best friend! What’s better than just one hair product? A whole bunch of them! This one by Moroccan oil is a true hero of hair care. The hydration trio includes shampoo, conditioner and hair mask. It is specially designed to revitalize dull hair by giving it a much needed dose of hydration. Now who wouldn’t be happy with a gift like this?

For the mania obsessed geek

OPI Holiday 21 'nail polish duo (Source: www.opi.com)
OPI Holiday 21 ‘nail polish duo

Being locked up at home for what seemed like centuries allowed us to take care of our nails on our own. This meant no manicure-pedicure at all! This adorable set of OPI takes care of all your holiday nail needs with shades that match the Christmas spirit. A formula that dries very quickly and lasts up to 7 days, the color impressed us. Two shades of red packed in a tiny little box, perfect to slip into a stocking, don’t you think?

For the perfume monster

Victoria's Secret, Bombshell Intense Set (source: www.victoriassecret.com)
Victoria’s Secret, Intense Bombshell Set

Perfumes are always a meaningful gift, chosen for someone who matters to you. Nothing says class and elegance than a perfectly chosen perfume. Who does better than perfumes Victoria’s Secret? The Bombshell intense set includes an eau de parfum, a fine fragrance mist, a roller scent and a lush lotion. A decadent scent of sultry vanilla with hints of cherry and red peony, a successful classic that never goes out of style.

Follow @missmalinibeauty to learn more about makeup, hair and skin care and download the Girl Tribe by MissMalini App to join our fashion and beauty community.

Source link

dance company breathes new life into Mozart’s latest work | New


Wolfgang Mozart’s centuries-old “Requiem in D minor,” which was unfinished by the time of the great composer’s death in 1791, is reborn as a powerful new dance piece making its North American premiere at Stanford on Saturday 4 December.

“Requiem: Fire in the Air of the Earth”, conducted by renowned choreographer and MacArthur Fellow Kyle Abraham in collaboration with musician Jlin, breathes new life into Mozart’s final composition as a production that reflects on ritual and mourning and celebrates transformation and resurrection.

In musical terms, a requiem is a piece performed for a funeral mass.

“The concept for ‘Requiem: Fire in the Air of the Earth’ arose out of a period of personal grief for Abraham and his deep engagement with death and the afterlife that resulted from it,” according to a statement from Stanford Live Press.

Referring to its roots as a funeral mass, “the play plays on these ideas of reincarnation, rebirth and death,” said Keerati Jinakunwiphat, one of the 10 dancers of “Requiem: Fire in the Air of the Earth”. “.

While the production draws on themes steeped in mythology and folklore, there is also room for more traditional pop culture references.

“Kyle and I get along because we love superheroes and ‘The Avengers’ and the Marvel Universe,” said Jinakunwiphat, describing his character in “Requiem” as “a new superhero trying to discover their powers. and the challenges of it. “

The caption – “Fire in the Earth’s Air” – refers to Abraham’s examination of the astrological signs of his participants, Jinakunwiphat noted.

Representing a range of diverse perspectives and a multitude of artistic influences, the mission of Abraham’s artistic company, AIM by Kyle Abraham, “is to create a body of dance-based works that are galvanized by culture and l ‘Black History’, AIM website. States. Abraham’s choreography represents a mix of dance genres including modern dance, ballet, street and hip-hop. Collaboration is also a hallmark of the AIM process.

Composer and producer Jlin is perhaps best known for her critically acclaimed albums “Dark Energy” (2015) and “Black Origami” (2017). For “Requiem”, Jlin transforms the sad classic of Mozart into an electronic opus, partly inspired by Chicago of the 90s and house-dance styles. According to Stanford Live, she will perform live from the orchestra pit at the Memorial Auditorium.

Other collaborators involved in “Requiem” include English fashion and costume designer Giles Deacon and set and lighting designer Dan Scully.

“It’s really a top-notch production, which is great,” Jinakunwiphat said.

“There’s a level of abstraction; it’s definitely open to interpretation, which I always think is a special thing. We’re all very different individually, so we’ve each brought a lot to the piece.”

Jinakunwiphat, who is now a choreographer and dancer, has worked with AIM since 2016, first as an apprentice and as a full member since 2018. Dance Magazine featured her on the cover of this year’s issue “25 to Watch ”.

AIM’s passion for social justice, in addition to the artistic excellence of the company, resonates with her as an artist and as a person.

“I was definitely drawn to Kyle and his language of movement and what he stands for, and the dancers are so inspiring,” she said.

Jinakunwiphat said that despite the hardships of the pandemic period, she considered herself lucky that she was able to continue working, albeit in different formats.

There was “a lot of stuff on Zoom; we kind of worked in a new way, spoke in a new context, ”she said. “For me personally, I have also enjoyed the pandemic as a time out to take care of yourself, time to recognize my identity apart from being a dancer.”

The premiere of “Requiem” at Stanford Live, like many planned artistic events, has been delayed due to the COVID-19 pandemic. Abraham and his company are scheduled to be at Stanford for a week-long residency culminating with the December 4 performance.

Jinakunwiphat said she hopes audiences come out of “Requiem” with a sense of the transcendent and transformative power of the collective mind. The play highlights the energy of “people individually but most importantly together, and how we exchange that energy,” she said.

“Requiem: Fire in the Air of the Earth” was co-commissioned by Stanford Live; Lincoln Center for the Performing Arts Mostly Mozart Festival; University Musical Society of the University of Michigan, Ann Arbor; and the Kampnagel International Summer Festival. It will be played on Saturday December 4 at 7:30 p.m. at the Memorial Auditorium, 551 Jane Stanford Way, Stanford. Tickets cost between $ 15 and $ 68. More information, including health and safety guidelines, are available at live.stanford.edu.

Source link

Adidas Enters Metaverse With NFT Partnerships By Cointelegraph


On Thursday, Adidas (OTC 🙂 announced that it was enter the Metaverse in collaboration with Bored Ape Yacht Club, gmoney NFT and PUNKS Comic. In an article posted to the Adidas mobile app, the developers behind the initiative said the following:

Related: Single-use NFTs target billion dollar fashion industry

Continue reading on Coin Telegraph

Disclaimer: Fusion media would like to remind you that the data contained in this site is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by the exchanges but rather by the market makers, and therefore the prices may not be accurate and may differ from the actual market price, which means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media assumes no responsibility for any business losses that you may incur as a result of the use of such data.

Fusion media or anyone involved with Fusion Media will not accept any responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.

Source link

Industry Trends, Size, Growth, Opportunities & Forecast – UK Parents Lounge


According to the latest IMARC group report, entitled, “Functional Clothing Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026”, The global functional clothing market exhibited XX growth during the period 2015-2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026.

Functional clothing refers to clothing that can perform multiple functions. They are made using comfortable and flexible materials, such as polyester, nylon and viscose, which ensure the maneuverability, comfort and functional performance desired. Manufacturers incorporate reproducible technologies that protect the end product against temperature fluctuations, ultraviolet (UV) light, microbes, while blocking radiation. Hence, they are widely used to manufacture medical, leisure and sports clothing.

As the novel coronavirus (COVID-19) crisis takes over the world, we are constantly monitoring changes in the markets, as well as the industrial behaviors of consumers around the world and our estimates on the latest market trends and forecasts are made afterwards. examining the impact of this pandemic.

Functional clothing market trends:

The growing health awareness and the growing inclination towards fitness activities are primarily increasing the demand for functional clothing across the world. With this in mind, continued collaborations between brands and fitness influencers to raise awareness of the health benefits of an active lifestyle are further catalyzing market growth. Additionally, the use of technical fabrics in functional clothing protects the wearer against environmental conditions, chemicals and radiation, which in turn fuel their demand in the construction and mining industries. Rapid technological advancements and the introduction of innovative product variants, such as clothing made from nano and microfibers with comfortable padding, further create positive prospects for the market.

Request a free sample report: https://www.imarcgroup.com/functional-apparel-market/requestsample

Global Functional Clothing Market Analysis and Segmentation 2021-2026:

Competitive landscape:

The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.

Adidas AG, ASICS Corporation, Columbia Sportswear Company, Gap Inc, Lululemon Athletica, Nike Inc., Puma SE (Artemis SA), PVH Corp., Under Armor Inc and VF Corporation.

The report has segmented the market on the basis of product type, application, and distribution channel.

Breakdown by product type:

Athletic wear
Athletic wear
Protective clothing

Breakdown by application:

Sports industry
Outdoor clothing
Health care

Breakdown by distribution channel:

Supermarkets and hypermarkets
Convenience Stores
Online stores

Breakdown by region:

North America: (United States, Canada)
Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, others)
Middle East and Africa

Ask the analyst for a customization and explore the full report with table of contents and list of figures: https://www.imarcgroup.com/functional-apparel-market

If you want the latest primary and secondary data (2021-2026) with cost module, business strategy, distribution channel etc. Click on request a free sample report, the published report will be emailed to you in PDF format within 24 to 48 hours of receipt of payment in full.

Highlights of the report:

• Market performance (2015-2020)
• Market outlook (2021-2026)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

Related report from the IMARC group:









About Us:

The IMARC group is a leading market research company providing management strategies and market research worldwide. We partner with clients across industries and regions to identify their most exciting opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include key business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasting and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and new processing methods are at the top of the market. business expertise.

Contact us

30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: [email protected]
Phone number: (D) +91 120 433 0800

Good company: fashionable shoes from Larroudé and more


Larroude’s line includes shoes, bags, and clothing, but his shoes, especially heels, are the star of the show.


Text size

Marina and Ricardo Larroudé were among the many who found themselves unemployed during the pandemic.

Marina, 41, who was vice president and fashion director of Barney s, now closed, says the timing couldn’t have been worse for her family as the world came to a halt, with few opportunities to jobs available.

But instead of embracing the boredom of the lockdown, she and her husband Ricardo, 42, launched the Larroudé clothing line and spent their days building a remote team, setting up third-party logistics, researching factories and raising seed capital, with all of their meetings conducted on Zoom.

“We decided to take the reins of our own future and start our own business,” says Marina, who was a well-known editor and fashion director at Teen Vogue and Style.com before her role at Barney’s. “Together we have 40 years of experience, me in the fashion industry and Ricardo in finance and operations. He’s been following the fashion industry all these years and we’ve always talked about how we would make him different if we had our own business.

The Larroudés even worked by driving a motorhome from New York to Malibu and back with their children for over a month, stopping in national parks along the way and achieving a dream of a lifetime.

“This country is so beautiful,” says Marina. “We can’t wait to start over. We did everything at the start of Larroudé. It was the right start to an adventure of our life.

Larroudé launched a line of shoes, bags and clothing last December; Marina describes the aesthetic as “cheerful and playful”. Larroudé’s irreverent and colorful shoes quickly became ubiquitous on Instagram, but the brand is enjoying wider appeal, with celebrities such as Rita Ora, Normani and Amy Sedaris among Larroudé fans. Even First Lady Jill Biden has been seen wearing the Erin, a black clutch bag embossed in alligator.



Larroudé’s line includes shoes, bags and clothing, but his shoes, especially heels, are the star of the show. From Diana flats to the 4.5 inch tall Dolly sandals, which are crystal encrusted suede, all of Larroudé’s shoes have a larger shape and toe for comfort, and a memory foam sockliner for added comfort. an additional cushion. Materials include high shine suede, leather and patent leather with playful patterns. “Whimsical printed shoes have my heart,” says Marina.

Now that the seasons have changed, she’s switching to the often-selling Louise western boot. “Luckily I have the sample and this is what I’ll be wearing all fall,” she says.

Larroudé currently has a handbag shape, the Erin clutch, which comes in crocodile-embossed leather or patent leather with a naughty cannabis leaf print.

The brand also offers sweatshirts, sweatpants and denim.


The Larroudé shoes range from US $ 150 for flat mule sandals to US $ 485 for lace-up knee combat boots. The cult platform Miso sandal costs between $ 285 and $ 290. The Erin clutch costs US $ 325 and clothing ranges from US $ 95 for a sweatshirt to US $ 235 for jeans.

Although Larroudé products are sold through retailers like Revolve and Shopbop, the line started out as a direct-to-consumer business, allowing lower prices for high fashion items, Marina explains.



Marina says that when she and Ricardo started Larroudé, sustainability was a top priority.

“We want [Larroudé] be a part of people’s lives for a long time, ”she says. “It’s more than an aesthetic, but also how humans should connect to each other and to the world.”

This meant finding a factory with responsible practices. Marina and Ricardo are originally from Brazil and work exclusively with a Brazilian factory that respects the rules of the International Labor Organization. Larroudé also ensures that the plant meets additional criteria, such as proximity to quality housing and social benefits.

Larroudé shoes and bags are made from leather sourced from local tanneries certified gold by the Leather Working Group, a non-profit organization that performs environmental audits for leather manufacturers. Larroudé is responsible for the responsible disposal of all its industrial waste and for taking active measures to reduce environmental pollution.


Larroudé has several ongoing collaborations, including a collection with vegan shoe brand Melissa to launch during the holidays, and another shoe collection with Oscar de la Renta to launch in the spring.

Marina says the brand is also working to expand its handbag collection, wholesale footprint and new product categories while seeking a physical retail storefront.

Source link

Silversea begins construction on new build in 2023, Silver Nova – Cruise Industry News


Silversea Cruises has announced the name of its first ship, the Silver Nova, as well as the start of construction of the ship at Meyer Werft in Papenburg.

The ship is one of two ordered for the luxury brand as part of Project Evolution.

Executives from Silversea and Meyer Werft marked the occasion with a traditional steel cutting ceremony on November 18. The ship, scheduled for delivery in summer 2023, will be the port’s first local emissions-free luxury hybrid cruise ship, according to a press release. .

From left to right: Roberto Martinoli and Jan Meyer

The company said the Silver Nova is expected to achieve a first in the cruise industry – emission-free local operation in the port using fuel cells and batteries. The Silver Nova will use liquefied natural gas (LNG) as the primary fuel. The new hybrid technology not only helps in the port, but will also allow Silver Nova to achieve an overall 40% reduction in its greenhouse gas emissions as a result double compared to its previous class of ships (the Muse class ).

“Our Nova Class ships represent a significant investment in unprecedented technological solutions. They support our mission to preserve the planet without compromising on comfort or luxury, ”said Roberto Martinoli, President and CEO of Silversea Cruises. “Silver Nova is the manifestation of Silversea and Royal Caribbean Group’s long-term commitment to sustainability.

“Sustainability is the future of luxury travel and the Silver Nova name is representative of Silversea’s incredible luxury innovation,” added Barbara Muckermann, Commercial Director. “Silversea is already a leader in eco-friendly travel and now, with Silver Nova, we will go even further to meet the expectations of luxury travelers today and tomorrow.”

“We are delighted to begin construction of this innovative vessel and to continue our long partnership with Royal Caribbean Group. This day is very special for us, as it is the first time that a Silversea ship has been built in our shipyard, “adds Bernard Meyer, Managing Director of Meyer Werft.

Long-lasting features of the Silver Nova and all future Nova-class ships include an automatic micro-gasification system, which reduces the volume of waste on board, reducing incineration emissions. In addition, the ship class is also expected to achieve an Energy Efficiency Design Index (EEDI) approximately 25% higher than the applicable International Maritime Organization (IMO) requirements. Shore power will allow the ship to shut down its main generators in some ports and plug into shore power supplies, the company said.

The vessel will have a capacity of 728 passengers and a gross tonnage of 54,700 tonnes.

Delivery of the Silver Nova is scheduled for summer 2023. Members of the Silversea loyalty program, the Venetian Society and travel counselors will have pre-sale access from December 16, 2021. General sales will open on January 6, 2022 .

Source link

Pandemic Advertising: How Brands Have Used COVID as a Marketing Tool


At the start of the pandemic, consumers were bombarded with a hastily-constructed new form of advertising. In these “uncertain times,” customers were promised that they could count on their favorite brands for help. Commercials – often featuring dark piano music and / or statements that everyone was “in the same boat” – were omnipresent. Now that the dust has settled on the COVID-centric advertising wave, new search reveals the tactics behind these often large-scale advertising campaigns and why consumers (and therefore brands themselves) should be wary of marketing in a crisis.

When COVID began to plague people around the world and governments were unsure of how to react, corporate advertising sought to define the pandemic in such a way as to make businesses – and their products – a vital part of the fight. solution, whatever it is. In a review of advertising campaigns that ran between mid-March and the end of April 2020, companies used advertisements to tell three main types of stories about COVID. Some, like global shipping giant Maersk, have highlighted the impact of the pandemic on the supply chain and underlined their role in helping get essential equipment to the right places. This type of marketing has defined COVID as a logistics crisis – an issue for which business executives might claim they have the most specialized expertise.

Others, especially consumer goods brands like Starbucks, have focused on the financial side of the situation and their role in giving food or money to those in sudden need. This type of marketing has defined COVID as a capital crisis. If the problem is not enough money, then rich corporations can become heroes by freeing up money quickly. And then there were those – especially the fashion and luxury brands – who were focusing on the emotional impact of the pandemic and pointing to their products as a way to make the experience easier and more enjoyable. These ads showed that personal consumption – shopping from your lockdown – could be a form of humanitarian heroism, with you as the grateful recipient, or a means of to take care from yourself.

But there were risks associated with these messages, and not all of them landed well. Some advertisements seemed to ignore the broader social issues that made the crisis more difficult for some to endure. Fashion ads targeting women who described the pandemic as some kind of “stay, “for example, sat uncomfortably next to the news on women leaving the workforce under the overwhelming burden of childcare and household chores. Electronic Cigarette Ads Encouraging Consumers to Vap “For Your Health” invited a reaction when hospitals were filled with COVID patients on ventilators.

Some companies even consumers provoked making fun of the severity of the pandemic, including an Italian ski resort that guest travelers to “experience the mountain to the fullest” in a place “where feeling good is contagious”. All the while, social media companies have struggled to eliminate misinformation “influencers” hired by wellness brands to promote products not tested as COVID-19 cures.

Even accompanied behind advertising campaigns that took the pandemic seriously, found themselves on unstable ground. When the UK came out of its first lockdown, cleaning brand Dettol went viral (in a bad way) as it seemed to encourage commuters to return to the office. Some consumers have confused the ads with government public service announcements promoting shopping as a way to stimulate the economy. The misconception contained a grain of truth, for Dettol was the government corporate partner to disinfect public transport. Indeed, several brands in our research mentioned government partnerships as one of the benefits of the crisis.

Meanwhile, the advertisements encourage consumers to shop to “help” rebuild the economy (and the businesses that make it up) have proliferated.

Beyond the pandemic: consume with conscience?

Advertising that addresses social concerns is common, and not just in relation to COVID. In fact, such advertising spans a spectrum of causes where consumers are willing to see business solutions for everything from poverty To climate change. Our research shows that this type of advertising is often designed to influence the way audiences understand social issues and encourage people to view ethical consumption as an issue. way to help.

Like others argued, such good cause marketing “creates the appearance of giving back, masking the fact that it is already based on withdrawal.” For example, consumers may be dissuaded from campaigning for more radical change, believing that they have already played their part through “ethical” purchases. A familiar example is when companies boast that a percentage of the proceeds of certain products goes to a social cause. The the amount given is often small while the revenue that the new product generates for the company is considerable. (Another comes in the form of fashion industry capsule collections that advertise the products as “sustainable” or “recycled”, and thus, may deter consumers from reducing their consumption due to the “green” nature. offers.)

In this context, the risks of attaching a social issue to an advertising campaign are considerable – for the company, the consumer and the cause itself. Our research suggests that it is not every time that the good time for publicity, and you have to be wary of brands that offer freebies.

Lisa Ann Richey is professor of globalization at the Copenhagen Business School. Maha Rafi Atal is Senior Lecturer in Global Economics at the School of Social and Political Sciences, University of Glasgow. (This article was originally published by The Conversation.)

Source link

Mid-morning market update: markets open higher; G-III apparel earnings beat views


After the market opened on Wednesday, the Dow Jones traded up 0.99% to 34,824.47 while the NASDAQ climbed 1.40% to 15,755.57. The S&P also rose, gaining 1.39% to 4,630.57.

The United States has the highest number of coronavirus cases and deaths in the world, reporting a total of 49,428,910 cases with around 803,040 deaths. India has confirmed a total of at least 34,596,770 cases and 469,240 deaths, while Brazil has reported more than 22,094,450 COVID-19 cases with 614,750 deaths. In total, there have been at least 263,226,130 cases of COVID-19 worldwide with more than 5,236,980 deaths, according to data compiled by Johns Hopkins University.

Sectors ahead and behind

Energy stocks climbed 2.2% on Wednesday. Meanwhile, the top industry winners included Vertex Energy, Inc. (NASDAQ: VTNR), up 14% and Transportadora de Gas del Sur SA (NYSE: TGS) up 10%.

In Wednesday’s trading, healthcare stocks rose only 0.4%.

Superior title

G-III Clothing Group, Ltd. (NASDAQ: GIII) on Wednesday posted better-than-expected results for its third quarter.

G-III Apparel Group reported quarterly earnings of $ 2.16 per share, beating analysts’ estimates of $ 1.78 per share. The company’s quarterly sales were $ 1.02 billion, against expectations of $ 1.01 billion.

G-III said it sees FY22 EPS of $ 3.65 to $ 3.75 and sales of $ 2.77 billion.

Bullish stock trading

OceanPal Inc. (NASDAQ: OP) Shares jumped 75% to $ 9.14 after the completion of the Diana Shipping spin-off on Tuesday.

Actions of Arbutus Biopharma Corporation (NASDAQ: ABUS) got a boost, pulling 35% to $ 4.33. Moderna has lost appeals from Arbutus patent board decisions, Bloomberg reported.

Ambarella, Inc. Shares (NASDAQ: AMBA) also rose, gaining 25% to $ 224.85 after the company reported better-than-expected third-quarter results and released better-than-expected fourth quarter sales guidance.

Discover these great engines of the day

Downward trading of stocks

Beyond Spring Inc. (NASDAQ: BYSI) Shares fell 55% to $ 5.80 after the company announced that the FDA issued a full response letter regarding the company’s application for the new drug plinabulin. HC Wainwright & Co. demoted BeyondSpring from Buy to Neutral.

Actions of Cumberland Pharmaceuticals Inc. (NASDAQ: CPIX) was down 19% to $ 4.08. Shares of Cumberland Pharmaceuticals jumped 128% on Tuesday after the company announced that the expanded FDA-approved labeling for Caldolor now includes its use in preoperative administration.

CTI BioPharma Corp. (NASDAQ: CTIC) was down, falling 18% to $ 1.8499 after the company said the FDA extended the review period for the new drug application for pacritinib to treat adult patients with the condition. intermediate or high risk primary or secondary myelofibrosis with a baseline platelet count less than 50 × 109 / L.


In the commodities news, oil traded up 4.3% to $ 69.01, while gold traded up 0.6% to $ 1,787.40.

Silver traded up 0.4% to $ 22.82 on Wednesday while copper rose 1% to $ 4.3245.


European stocks were higher today. The Eurozone STOXX 600 gained 1%, the Spanish Ibex index gained 1.4% and the German DAX 30 climbed 1.5%. At the same time, London’s FTSE 100 gained 1.3%, the French CAC 40 by 1.3% and the Italian FTSE MIB by 1.6%.

The Italian manufacturing PMI index hit a record high of 62.8 in November. Germany’s manufacturing PMI fell to 57.4 in November from a preliminary reading of 57.6, while retail trade fell 0.3% in October. The IHS Markit Spain manufacturing PMI fell to 57.1 in November from 57.4 the previous month. Annual house price growth in the UK reached 10.0% in November, down from 9.9% the month before.


Private companies hired 534,000 workers in November, up from a revised increase of 570,000 the month before.

The IHS Markit manufacturing PMI slipped to 58.3 in November from a preliminary reading of 59.1.

The ISM composite manufacturing index climbed to 61.1 in November from 60.8.

Construction spending in the United States rose 0.2% in October.

The Energy Information Administration’s weekly report on U.S. oil inventories is expected to be released at 10:30 a.m. ET.

The Federal Open Market Committee will release its latest Beige Book report at 2:00 p.m. ET.

Check out the full economic calendar here

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Falguni Nayar: Nykaa plans to triple number of stores in retail expansion: Falguni Nayar, CEO

The trendy Indian cosmetics retailer plans to more than triple its physical stores to 300, said founder and managing director Falguni Nayar, significantly strengthening its offline presence in the country.

Nayar declined to give a timeline for the rollout, but said the company is targeting 100 cities, adding to the 84 outlets it already operates in 40 cities.

“The store expansion process had slowed down due to the pandemic (COVID-19) for about a year,” Nayar said in an interview for the Reuters Next conference https://reutersevents.com/events/next broadcast on Wednesday . “But this year, we have relaunched the deployment of our store.”

Although Nykaa largely operates as an e-commerce platform selling everything from global cosmetics brands to jewelry, Nayar said physical stores, targeting Indian consumers wishing to purchase touchscreen products, are a critical part of the company.

Despite the rapid growth of e-commerce and Amazon.com in India’s nearly $ 900 billion retail market, most shoppers are still buying products offline.

Nykaa said it is targeting a sub-segment of this industry – the $ 70 billion beauty, personal care and fashion market.

Like many other retailers, Nykaa has been hit hard by the pandemic as work-from-home rules have reduced demand for office clothing, cosmetics and footwear. The company announced a 96% drop in quarterly profits last month.

But things are improving as the COVID-19 pandemic abates and the holiday and wedding season in India accelerates.

“There is clearly a make-up (products) upturn that was pre-pandemic,” Nayar, a 58-year-old former investment banker, said in an interview on Nov. 25.

Nayar grabbed public attention last month when his company made a massive debut on the stock exchange with a valuation of $ 14 billion.

Top private equity firms such as TPG and Fidelity, and Indian Bollywood stars Alia Bhatt and Katrina Kaif, have financially supported FSN E-Commerce Ventures, the company that owns the Nykaa brand.

Nykaa, which sources many products in Europe, is also focused on increasing exports of its own private labels to the UK and the Middle East.

Nonetheless, Nayar said India remains the priority given the country’s massive growth potential.

Many Indians, Nayar noted, “have not yet bought their first watch, first car, first house – I think India is in a very different situation than other developed economies.”

Source link