Traders work on the floor of the New York Stock Exchange during afternoon trading on April 9, 2024. Michael M. Santiago | Getty Images Stock futures hovered near the flatline […]
Lululemon shares pop 10% despite lackluster earnings report and guidance
Lululemon‘s growth in the Americas, its largest market, appears to be stalling after the retailer on Wednesday reported flat comparable sales in the region and weak guidance for the current […]
Stock futures rise as Nvidia shares gain, investors look for rate cuts: Live updates
Traders work on the floor of the New York Stock Exchange during afternoon trading on June 3, 2024. Michael M. Santiago | Getty Images Stock futures gained as AI-darling Nvidia […]
Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt
Barry McCarthy, president and CEO of Peloton Interactive, walks to a morning session at the Allen & Company Sun Valley Conference on July 06, 2022 in Sun Valley, Idaho. Kevin […]
Lululemon to shutter Washington distribution center, lay off 128 employees after tripling warehouse footprint
A Lululemon sign is seen at a shopping mall in San Diego, California, U.S., November, 23, 2022. Mike Blake | Reuters Lululemon is planning to shut down its Washington distribution […]
Lululemon shares plunge 16% on weak guidance, slowing North America growth
Shares of Lululemon plunged on Friday after the athletic apparel retailer issued disappointing guidance and said it’s seeing soft sales in the U.S., its largest market. The retailer reported holiday […]
Yoga wars heat up as Levi's Beyond Yoga taps former Athleta CEO, Gap veteran as next chief executive
Beyond Yoga Courtesy: Beyond Yoga Levi Strauss’ Beyond Yoga has tapped former Athleta CEO and longtime Gap veteran Nancy Green to be its next chief executive, as the company looks […]
Holiday sales climb, boosting retailer hopes that shoppers will spend during uncertain 2024
A person picks out clothing in a Lacoste store as retailers compete to attract shoppers and try to maintain margins on Black Friday, one of the busiest shopping days of […]
Peloton partners with TikTok to offer short-form fitness classes, other content
Peloton has launched a partnership with TikTok. Courtesy of: Peloton Peloton launched a partnership with TikTok on Thursday as part of its strategy to change its public perception and attract […]
Nike unveils plan to cut $2 billion in costs, warns of soft revenue
A customer enters a Nike store along the Magnificent Mile shopping district on December 21, 2022 in Chicago, Illinois. Scott Olson | Getty Images Nike on Thursday unveiled plans to […]