Gabrielle Fonrouge
Gabrielle Fonrouge is a retail reporter for CNBC. She covers a wide assortment of companies with a focus on DTC and digitally native retailers and brands. Fonrouge is an investigative journalist whose reporting has changed laws and garnered a series of awards. She has reported from Germany, Puerto Rico, the southern border of Mexico, and just about every pocket of the U.S. She regularly speaks about her work and has appeared on NBC News Now, NPR, Fox News, Investigation Discovery, and Oxygen among other outlets. Prior to joining CNBC she worked for the New York Post WSHU News PIX 11 and Vice. She is a member of the Newswomen's Club of New York. Fonrouge graduated summa cum laude from St John's University with a degree in mass communications and a minor in social justice.
Biography:
https://www.cnbc.com/gabrielle-fonrouge/
93%
The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
Bias
95%
Examples:
- Gabrielle Fonrouge is an investigative journalist whose reporting has changed laws and garnered a series of awards.
- She regularly speaks about her work and has appeared on NBC News Now, NPR, Fox News, Investigation Discovery, and Oxygen.
Conflicts of Interest
95%
Examples:
- The only potential conflict mentioned is the Nordstrom family considering taking their department store private, but it does not seem to influence her reporting.
- There are no clear conflicts of interest reported in Fonrouge's articles.
Contradictions
90%
Examples:
- CEO Erik Nordstrom and president Pete Nordstrom have expressed interest in taking the company private.
- Contradictions found in articles include: sales rose to $1.44 billion but were expected to drop 10%, earnings per share guidance for the current quarter is between $2.92 and $2.97 compared to estimates of $3.02, revenue guidance for the current quarter is $2.40 billion to $2.42 billion compared to estimates of $2.45 billion.
- The Nordstrom family is considering taking the department store private.
Deceptions
90%
Examples:
- Shares plunged roughly 11% in extended trading.
- The only deception found in an article was a retraction of a key crime claim by a retail lobby group. The article itself is described as straightforward and factual with no apparent deception.
Recent Articles
Nike Experiences Worst Day on Record: Sales Decline and $28 Billion in Shareholder Wealth Wiped Out
Broke On: Friday, 28 June 2024Nike suffered its worst day on record with shares plummeting 20% due to expected sales decline, wiping out $28 billion in shareholder wealth. Factors include softness in China, foreign exchange headwinds, and leadership issues under CEO John Donahue. Focus on direct-selling strategy led to lost market share for Nike, causing investor confidence to dwindle. 
Nike's Quarterly Revenue Drops 10%: Slower Online Sales and Macro Uncertainty in Greater China Impact Performance
Broke On: Thursday, 27 June 2024Nike experiences a 10% revenue drop in Q4 FY2024, causing a $15bn market value loss and 12% share decline. The decline is attributed to growing competition from brands like On and Hoka, weakening international demand, and fewer product sales. Nike's website traffic also decreased by 5.74%, contributing to the sales miss. 
Levi Strauss & Co. Reports Q2 Fiscal 2024 Sales Growth of 9% and Strong DTC Performance
Broke On: Wednesday, 26 June 2024Levi Strauss & Co. reported $1.4 billion in Q2 Fiscal 2024 net revenues, up 9% on a constant-currency basis, driven by DTC sales growth and strong demand in the U.S. and Europe, despite missing earnings expectations due to foreign exchange conditions and weak Docker sales. 
Shein Files for London IPO Amidst US Backlash and Supply Chain Concerns
Broke On: Monday, 24 June 2024Fast fashion retailer Shein, facing backlash over labor concerns in the US, confidentially files for a α60 billion London IPO. Workers reportedly face long hours and low wages. Previously sought to list in US but failed due to opposition. Chinese tech giants Alibaba and Ant Group also chose London for their IPOs. Shein Confidentially Files for £63.3 Billion London IPO Amidst Controversy and Geopolitical Tensions
Broke On: Monday, 24 June 2024Shein, a Chinese fast fashion retailer facing backlash over forced labor and US tax law exemptions, confidentially filed for a δ35bn London IPO after failing to win US approval. The company, founded in 2008 by Xu Yangtian, has raised $4.5bn from investors and faces regulatory uncertainty due to its offshore structure and geopolitical tensions between China and the US. Despite criticism from media outlets and US lawmakers, Shein remains optimistic about its future prospects due to its ability to offer trendy, affordable fashion items quickly through e-commerce. Lululemon Defies Inventory Challenges and Raises Full-Year Profit Outlook
Broke On: Wednesday, 05 June 2024Lululemon reported stronger-than-expected earnings for Q1 2024, raising full-year profit outlook and increasing share buyback program despite inventory issues and slowing sales growth in the Americas. International markets showed strong momentum, offsetting challenges. Net income was $318 million on $1.4 billion in sales, missing analyst expectations. 
Gap Inc. Surpasses Expectations with $3.4 Billion Q1 Revenue, All Brands Report Sales Gains
Broke On: Thursday, 30 May 2024Gap Inc. reported stronger-than-expected Q1 sales of $3.4 billion, surpassing analysts' expectations with all brands posting gains and Old Navy and Gap leading the charge. The retailer's shares surged 20% following the earnings release due to improved product assortment, lower promotions, and consumer spending on trendy clothing items. 
Abercrombie & Fitch Surges Ahead: 22% Sales Growth and Record-Breaking Earnings in Q1 2024
Broke On: Wednesday, 29 May 2024Abercrombie & Fitch reports a 22% surge in Q1 sales, resulting in net income of $113.9 million and an impressive 285% stock price increase over the past two years. The retailer attributes its success to a strategic transformation focusing on inclusivity and catering to working millennials, outpacing the S&P 500's gains by 73%. Abercrombie & Fitch raises its sales growth forecast for the current quarter and plans to expand its Hollister brand and offerings at its namesake banner. 
Shein and Raspberry Pi: Two Tech Companies Preparing for London IPOs Amidst Regulatory Hurdles
Broke On: Friday, 10 May 2024Shein and Raspberry Pi, two major tech companies, plan to pursue Initial Public Offerings (IPOs) in London amidst regulatory hurdles faced by Shein in the US. Shein, a fast fashion retailer valued at $66bn, faces criticism over alleged labour malpractices and lawsuits from competitors. Raspberry Pi LTD, seeking a valuation of up to £5bn, had revenues of £187m and profit of £20m in their last reported results. The London Stock Exchange has become an attractive destination for tech companies due to its favorable regulatory environment and access to European markets. 
Peloton Announces Layoffs and New CEO Search Amidst Financial Struggles and Safety Concerns
Broke On: Thursday, 02 May 2024Peloton, the luxury fitness equipment company, announced a 15% workforce reduction and search for a new CEO as it struggles to adapt beyond selling expensive bikes and faces financial challenges. Layoffs aim to align costs with business size and generate sustained positive free cash flow. Peloton reported over 3 million paid subscriptions but faced safety crises resulting in recalls, fines, and declining app subscriptions.