Urban Outfitters began its rollout into the red-hot athletic apparel market earlier this month, bringing new competition to Lululemon and Athleta.» Read More
*Hilton Worldwide shares open 6.5 pct above IPO price. NEW YORK, Dec 12- U.S. stocks fell for a third day on Thursday amid uncertainty over how soon the Federal Reserve will trim its market-friendly stimulus program.
Dec 12- Lululemon Athletica Inc:. *Says Q4 impacted by slowdown in traffic, tougher quality control, products. *Says realistic to assume negative press will have impact on business.
Lululemon said it expects flat same-store sales in the crucial fourth quarter, sending its shares sharply lower.
*Facebook to join S&P 500. NEW YORK, Dec 12- The S&P 500 was poised to open higher Thursday after posting its biggest decline in over a month a day earlier, as the market digested mixed data that showed a rise in weekly jobless claims and stronger-than-expected retail sales for November.
U.S. stock index futures wavered between slight gains and losses on Thursday.
The "Squawk on the Street" news team discuss the Lululemon earnings beat and if the negative PR impacted the stock.
TORONTO, Dec 12- Lululemon Athletica Inc warned on Thursday it expects flat same-store sales in the crucial fourth quarter due to "macro and execution issues" and cut its full-year outlook, sending shares of the trendy Canadian yogawear chain tumbling.
Pam Quintiliano, SunTrust analyst, shares her thoughts on Lululemon's third quarter earnings beat and fourth quarter outlook.
TORONTO, Dec 12- Lululemon Athletica Inc said on Thursday it expects flat same-store sales in the crucial fourth quarter, sending its shares sharply lower even as the Canadian yogawear chain reported third-quarter earnings that beat expectations.
Some of the names on the move ahead of the open.
*Facebook to join S&P 500. *Hilton Worldwide raises over $2.3 bln in record hotel IPO. NEW YORK, Dec 12- U.S. stock index futures dipped on Thursday, setting Wall Street up for a third day of losses, as investors awaited a batch of economic data that may provide clues on how soon the Federal Reserve will start trimming back its stimulus efforts.
TORONTO, Dec 12- Canadian yogawear chain Lululemon Athletica Inc, which appointed a new chief executive this week, reported higher profit on Thursday, but forecast flat same-store sales for the crucial fourth quarter. Shares slid 10.7 percent to $61 in trading before the morning bell on the Nasdaq.
Take a look at some of Wednesday's midday movers:
TORONTO, Dec 11- Lululemon Athletica Inc's incoming chief executive, Laurent Potdevin, will be paid a base salary of $900,000 as well as signing and retention bonuses, the upscale yogawear retailer said in a regulatory filing made public on Wednesday.
Mary Barra, a three-decade GM veteran, is named next CEO, and is known for pushing quality and streamlining the product line.
CNBC's Courtney Reagan reports on the power shift taking place at athletic retailer Lululemon where founder Chip Wilson has resigned and Laurent Potdevin was named new the CEO.
TORONTO, Dec 10- Lululemon Athletica Inc's newly named chief executive said in an interview on Tuesday that product quality will be a priority when he takes the helm at the high-end yogawear maker.
*General Motors names first female CEO. General Motors Co was in the spotlight after the automaker said Chief Executive Dan Akerson will step down next month and be replaced by Mary Barra, the company's global product development chief.
Chip Wilson has resigned as chairman of upscale yoga pants maker Lululemon Athletica following an uproar over his comments about customers' bodies.
TORONTO, Dec 10- Lululemon Athletica Inc named a new chief executive on Tuesday and said founder Chip Wilson will step down as chairman, as the upscale yogawear retailer tries to expand globally and put a series of embarrassing quality issues and other gaffes behind it.