China's currency has been an important barometer for progress in U.S.-Chinese trade talks, and right now it's signaling things aren't going well.Market Insiderread more
Consumer IPOs from Snap to Uber have been disappointing and serve as a reminder that private investors are making all the money.Technologyread more
The company's comments Friday come after the White House said U.S.Trade Representative Robert Lighthizer will "address the threatened impairment" of national security from...Autosread more
Apple CEO Tim Cook was the commencement speaker at Tulane University Saturday. In his speech, the tech executive focused on the importance of addressing climate change and...Power Playersread more
Some analysts see streaming services like Netflix becoming hindered by one of the things that made them so popular in the first place — binge watching.Entertainmentread more
Amazon's large and flashy investments stand out from those of its tech peers over the past year.Technologyread more
There is a shortfall of cybersecurity workers that could reach as high as 3.5 million unfilled roles by 2021. A start-up called Synack provides crowdsourced security, and...CNBC Disruptor 50read more
Yardeni Research's Edward Yardeni recommends investing in U.S. companies with exposure to China.Trading Nationread more
CNBC and SurveyMonkey's latest small business optimism index echoes that sentiment, finding 52 percent of small businesses say it's harder to find workers today than it was a...US Economyread more
CNBC combed through Wall Street research over the last week to see which stocks analysts say have the best risk-reward.Marketsread more
Western Union is not panicking, but the delivery of money around the world is being upended, says CEO of upstart TransferWise. It broke into the $689 billion remittances...CNBC Disruptor 50read more
During a meeting with analysts in New York on Wednesday, Lululemon CEO Calvin McDonald said the company is planning to start making its own footwear, building on the success of a collaboration with Los Angeles-based sneaker company Athletic Propulsion Labs.
In August of 2017, Lululemon started selling APL sneakers, which cost upwards of $200 a pair, in some of its stores across the U.S., testing how shoppers would react to it offering this category. It marked the first time the athletic apparel retailer, known for its sports bras and yoga pants, ventured into footwear.
"We've tested and learned a lot on footwear," McDonald said on Wednesday, adding that the offering resonated with both male and female Lululemon customers. He said Lululemon has now identified a "white space" in the shoe market, and it plans to get into footwear with its own products in the future. But the company won't have more details to share, beyond that, until later this year, McDonald said.
Selling more shoes is part of a larger, five-year growth plan outlined by Lululemon on Wednesday. The retailer is now aiming to double sales of its men's and online businesses and quadruple international revenues by 2023.
In the athletic footwear industry in the U.S. today, "smaller brands are thriving and growing faster than the overall market," according to NPD Group sports analyst Matt Powell.
That could make now an opportune time for Lululemon to jump into the category and threaten to take some market share from the likes of Nike, Adidas and Under Armour, which have all invested heavily in footwear as a core part of their businesses. Smaller sneaker start-ups include Allbirds and Koio. And trendy apparel start-up Everlane earlier this month launched its first-ever line of sneakers, called "Tread."