A neckwear business rooted in China prospers in Chicago
By Charlene Zhang Medill Reports “My daughter was given a Harvard logo shirt a decade ago by the school president, when Becky’s father Arnie mentioned me as the Harvard logo tie manufacturer in China,” said Michael Yin, the proud Chinese supplier of custom-made neckwear for Shop4Ties, a Chicago wholesaler and distributor. Shop4Ties was founded in […]
FHFA House Price Index up 0.8 percent in January
By Charlene Zhang Medill Reports Single-family house prices rose in January 0.8 percent from December, according to the Federal Housing Finance Agency’s seasonally adjusted House Price Index. The rise beat the forecast of a 0.4 percent increase. From January 2017 to January 2018, house prices rose 7.3 percent, also beating the forecast, of 6.5 percent. […]
Ulta Beauty posts strong growth, price surges
By Charlene Zhang Medill Reports Ulta Beauty Inc. (NASDAQ: ULTA) stock soared 7.6 percent on Friday after the company announced strong fourth quarter results Thursday following market close. Helped by a tax benefit, net income increased 48.5 percent to $208.2 million, or $3.40 per diluted share, compared with $140.2 million, or $2.24 per diluted share, […]
Tokyo vintage boutique covets overseas market
By Charlene Zhang Medill Reports Tokyo–Walking around Shibuya, the major commercial ward in Tokyo, one can never find too many trend-busters and street stylists. This is also a paradise for fanatic devotees of vintage fashions. Tucked away in a backstreet sits the 5-year-old boutique Vintage Qoo. It has the most, 102,000, Instagram followers among similar […]
JD.com posts another loss, stock falls
By Charlene Zhang Medill Reports Shares of Chinese e-commerce giant JD.com Inc. (NYSC: JD) dropped 5 percent Monday after the release of continuing sluggish results on Friday. The company reported a fourth quarter net loss of $139.7 million, or 10 cents per diluted share, down 27.9 percent compared to the same period year earlier. Technology-heavy […]
John Bean Technologies posts strong quarter but stock dives
By Charlene Zhang Medill Reports John Bean Technologies Corp. (NYSE: JBT), a Chicago-based technology solutions provider to food and air transportation industries, topped Wall Street’s earnings estimate but, surprisingly, its high-flying stock plummeted more than 8 percent. Net income in the fourth quarter ended Dec. 31 decreased to $19.4 million, or 60 cents per diluted […]
LSC misses estimate, shares drop
By Charlene Zhang Medill Reports Shares of commercial printer LSC Communications Inc. (NYSE: LKSD), one of two spinoffs from R. R. Donnelley & Sons Co., plummeted 7 percent as adjusted earnings missed Wall Street’s estimate and the company reported a GAAP net loss of $58 million, or $1.68 per diluted share, in the fourth quarter […]
Westell swings to profit despite revenue drop
By Charlene Zhang Medill Reports Westell Technologies Inc. (NASDAQ: WSTL), a wireless infrastructure solutions provider, earned $799,000, or 5 cents per diluted share, in its third quarter ended Dec. 31, compared with a loss of $1.8 million, or 12 cents per share, slightly beating the lone analyst’s estimate of a profit of 3 cents per […]
