The acquisition of Ann Taylor parent Ann Inc. could spur activity among other apparel retailers, Jefferies analyst Randal Konik said.» Read More
NEW YORK, May 15- A U.S. appeals court on Friday agreed with Lululemon Athletica Inc that a lawsuit accusing the retailer of defrauding shareholders by failing to reveal defects that caused yoga pants to become see-through was properly dismissed. The 2nd U.S. Circuit Court of Appeals in Manhattan said shareholders led by the Louisiana Sheriffs' Pension& Relief...
NEW YORK— Lululemon's Executive Vice President of Global Retail, Delaney Schweitzer, is leaving the company. Her resignation from the yoga gear retailer is effective May 29. Chip Wilson, the founder of Lululemon Athletica Inc., stepped down from the company's board in February.
TORONTO, April 29- The uproar around yogawear retailer Lululemon Athletica two years ago was about a little too much transparency. While the stock largely recovered from the pants debacle, some investors say the Vancouver- based company- which holds its annual meeting June 3- must do more to improve its corporate governance. "There needs to be serious reform on...
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Lululemon Athletica reported a slightly higher quarterly net profit on Thursday, helped by a 5 percent rise in comparable store sales.
*Company sees Q1 EPS of $0.31- $0.33 vs analysts' $0.39 view. *It sees FY EPS of $1.85 to $1.90 vs analysts' $2.06 view. March 26- Canadian yogawear retailer Lululemon Athletica forecast earnings and revenue below expectations on Thursday, but its shares rose after executives said the weak outlook was largely due to temporary West Coast port delays and currency...
*SanDisk tumbles in premarket after outlook cut. NEW YORK, March 26- U.S. stocks fell at the open on Thursday to put the S&P 500 on track for a fourth straight decline, after Saudi Arabia and its allies launched air strikes on Yemen. "Obviously the situation in Yemen is being used as the excuse for this pullback, which is a continuation of yesterday," said Peter Cardillo,...