Hints and tips:
...Shares wilted in the next few days, to the tune of 14 per cent in Lululemon’s case....
...The country generated $681mn in revenue last year and is Lululemon’s third-biggest market after the US and Canada. The company says demand has remained strong even as China’s economy slows....
...Athletica Q4, M&G FY, Next FY, Nike Q3 Friday Competition and Markets Authority deadline for decision for its Phase 1 investigation into the anticipated joint venture between Vodafone and CK Hutchison...
...Lululemon Athletica reports on Thursday and Carl Zeiss Meditec on Friday....
...By default, I’ve ended up with a workout wardrobe of mostly Lululemon....
...Athletica Q1 Friday EU, April retail trade data France, April industrial production index figures Germany, April trade balance data Eurozone, France, Germany, Japan, US: S&P Global services sector...
...Lululemon Athletica has been having a good pandemic, and analysts expect the good news to continue when the company reports third-quarter results on Thursday....
...As some on Wall Street question whether the yogawear brand — sported by celebrities including Meghan Markle — has peaked in the US and Canada, Lululemon is expanding overseas and also into new products....
...Plus, SoftBank has filed to raise up to $604m from investors for its first blank-cheque listing, and upscale sportswear company Lululemon is making a push into overseas markets....
...In well-off neighbourhoods across the US and Canada before the coronavirus shutdown, Lululemon became as ubiquitous in coffee shops as in yoga studios, helping the company more than double annual revenues...
...Lululemon itself at 10 times. But a time when retailers are still hoarding cash, Lululemon is making a bet that the Mirror will not crack....
...Lululemon, the yogawear specialist, has agreed to pay $500m to buy Mirror, a home-workout equipment company backed by hedge fund manager Steve Cohen....
...(FT) Earnings Lululemon Athletica, which has grown rapidly in the past year on the back of higher demand from housebound consumers for athleisurewear, reports earnings today....
...Like most other retailers, Lululemon closed its China outlets when the coronavirus epidemic was peaking there in February and March....
...Main reports TUESDAY AG Barr; FactSet; Imperial Brands; Lululemon Athletica; McCormick; Foxconn; Saras; Royal Mail (trading update) Wednesday Micron Technology; Walgreens Boots Alliance; THURSDAY Next...
...It was a little bit upward dog and happy baby for Lululemon after the yogawear maker upgraded its outlook for the year and reported second-quarter results that topped its own forecasts, helping push shares...
...We’re still in the between-season lull in the US, but those reporting include Lululemon Athletica, GameStop, Kroger and American Eagle Outfitters....
...Steph Korey, the embattled chief executive of luggage start-up Away who stepped aside after reports of bullying, said she would return as co-CEO with Stuart Haselden, who was recruited from Lululemon Athletica...
...Lululemon Athletica, the Vancouver-based clothing company whose upscale yogawear has taken North America by storm, is stepping up its international expansion after its annual profits nearly doubled....
...On a broader level, fashion has become more casual and sportier — today, Canada Goose parkas and leggings are the dominant campus uniform....
...The Canada-based company said same-store sales rose 18 per cent in the third quarter on a constant currency basis — that reflected a 7 per cent increase in stores and a 46 per cent jump online and handily...
...Lululemon shares jumped more than 5 per cent to $138.98 and that followed gains of more than 50 per cent last year....
...Lululemon shares, which are up 56 per cent year-to-date, rose 0.8 per cent in extended trade. Photo: Lululemon...
...For the current quarter Lululemon expects earnings between 46 to 48 cents a share, on revenues of between $660m to $665m. Lululemon shares are up more than 30 per cent year-to-date....
...Lululemon is showing the benefits of a flexible approach to fashion retail....
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