A local startup that seeks to let people share or trade clothes and and other items is looking to raise $1 million from area investors. Milt Capps at Venture Nashville says the team at TuLook Exchange could build on that amount later next year as it looks to scale its platform.
TuLook users control which goods or services they offer to lend, trade or sell; and, they use whatever means of payment and delivery suits the parties. At their own discretion, each registered TuLook user must invite participation by friends and other connections they've already made via Facebook, Twitter or other social media. Then, each invitee must confirm their acceptance of the invitation. This double-confirmation allows the platform to be largely self-policing, Fazio said.
Read the full story here.
After several quarters of taking a wait-and-see attitude, analysts are growing more bullish on the prospects for Genesco shares. Less than a week after C.L. King's Steven Marotta raised his rating on the Nashville-based retailer, veteran researcher Sam Poser has followed suit. The Sterne Agee CRT analyst says Genesco's Lids division has "hit the bottom" as execs continue to flush its inventories. At the same time, Poser notes, the Journeys chain is doing well and the Major League Baseball playoffs could goose profits. Poser has raised his rating on Genesco to 'buy' from 'neutral' and lifted his earnings estimates. His price target for the stock (Ticker: GCO) is $72, leaving about 20 percent of upside.
Shares of Genesco are getting a boost today thanks to C.L. King analyst Steven Marotta, who has hiked his rating on the Nashville-based company to 'strong buy' from 'buy.' As of 11:10 a.m., Genesco (Ticker: GCO) was up almost 5 percent to $60.65. The shares are still down about 20 percent year to date, though.
Brookdale Senior Living stock is headed in the other direction today, thanks to Kevin Fischbeck at Bank of America Merrill Lynch's downgrade of the company to 'neutral.' Fischbeck's call comes a day after Brian Tanquilut at Jefferies trimmed his price target for Brookdale to $40 from $44. Late this morning, Brookdale (Ticker: BKD) was trading at $23 and change.
And lastly, Roger Read at Wells Fargo has grown more constructive on several parts of the energy sector. That led him to lift his ratings this week on Delek US Holdings and other oil refiners to 'outperform' from 'market perform.' Delek shares (Ticker: DK) are up slightly Thursday to about $27.50 and are flat year to date.
Over at our sister blog Southern/alpha, Ayumi Fukuda Bennett has the story on the promising start of Sydney Elizabeth, a women's golf apparel company launched last year by Belmont then-student Sydney Hudson. Since launching formally online, the business has run through its inventory twice and Hudson now is working on custom gear for eight high school and college teams.
Though the business is still very young, Hudson’s next big goal is to be a vendor at the PGA Merchandise Show within the next year. And as she continues to grow her online traffic and physical presence in more stores, her golf apparel has extended to all customers who seek trendy, functional attire.
“A lot of girls buy them to wear with a t-shirt and sandals to go shopping or lunch with their friends!” said Hudson. “It has taken off faster than I ever imagined and I feel so blessed to get to wake up every morning and do what I love. I have God, my family, and friends to thank for that.”
POSTDATA: WARRANTY DEEDS