Lululemon Stock Pops on Earnings Beat and CEO Change
Lululemon Athletica stock jumped Thursday after the company posted a better-than-expected fiscal third quarter and said CEO Calvin McDonald would be stepping down next year…
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Lululemon CEO McDonald to step down, shares rise 10%
Lululemon Athletica (LULU.O) said that CEO Calvin McDonald was leaving the company without a replacement and raised its annual profit forecast, sending shares up…
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Victoria’s Secret Fashion Show Bets on Sexy to Strut the Brand Back to Growth
This year’s Victoria’s Secret Fashion Show was more than a glittery spectacle. It was the ultimate test of new CEO Hillary Super’s turnaround plan…
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Lululemon shares plunge 23 per cent after hours on weak guidance
Vancouver-based apparel retailer had a good first quarter, ended May 4, but weak guidance and same-store sales growth likely dampened…
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Lululemon leans on newness to lure reluctant US customers
This year the brand plans to expand its footprint by opening stores and enlarging existing locations, and will add new markets abroad…
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Kohl’s working to fix mistakes as Q4 sales, profits plummet
Without its Sephora shops, the department store’s holiday results would have been worse, yet the beauty partnership’s boost…
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The winning and losing retailers heading into the holiday season
With Black Friday kicking off later this week, recent earnings paint a picture of the retailers leading the pack and those falling behind…
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Kohl’s lowers annual sales forecast again on waning holiday shopping demand
Kohl’s on Tuesday forecast a bigger drop in annual sales than previously expected, a sign the department-store…
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A Macy’s Buyout? The Price Could Be the Next Fight.
An investor group seeking to buy the retailer might be willing to raise its bid after seeing the company’s financials, according…
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International business and accessories growth fuel Lululemon sales
Accessories and new market entries are keeping Lululemon customers coming back. On Thursday, the company reported its 2023 second quarter earnings, in which revenue jumped by 18% year-over-year to $2.2 billion, while same-store sales increased 11%. Lululemon’s quarterly profit hit $341.6 million, compared to $289.5 million the same period last year.
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