British Prime Minister Theresa May is expected to make a final attempt at persuading lawmakers to back her "new" Brexit deal on Wednesday but the agreement — and May's...Europe Politicsread more
Consumers in China are taking to social media to express their support for Huawei as the U.S. government looks to ramp up pressure on the Chinese smartphone maker.Technologyread more
Tensions between the two parties have heightened in recent months as the campaign for seats in the Brussels and Strasbourg-based parliament has crescendoed.Europe Politicsread more
Shares of Saudi shopping mall operator Arabian Centres were trading at 24.34 riyals ($6.49) in early deals in Riyadh.IPOsread more
There is at least one thing in common between the U.S. and Russia – their willingness to weaken the European Union, a top EU official said.Politicsread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
"We are also constantly watching whether the trade war will turn into a tech war," Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak...China Economyread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Indian Prime Minister Narendra Modi's likely return to power for a second term will likely be positive for his country's growth, according to economists and investors.Asia Economyread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
Lululemon often gets credited with fueling the so-called athleisure movement in the U.S., as many women don its famous leggings and tops to wear not only to the gym but around town.
So what does its new CEO think of the term?
The yoga-pants maker on Wednesday held its first analyst meeting in five years, laying out a growth plan where it's targeting annual sales gains of a low-teens percentage rate through 2023. The meeting also marked McDonald's official debut on Wall Street. He joined Lululemon from LVMH-owned Sephora last year, after Laurent Potdevin was ousted from the CEO role amid misconduct allegations.
Lululemon's growth strategy includes greater investments in its men's business, opening more — and bigger — stores both in the U.S. and overseas, and branching into new product categories. Lululemon is going to start selling skin-care products this summer, for example, and it plans to start making its own sneakers.
With these new investments still ahead of it, McDonald said the best is yet to come.
"We are a 20-year-old brand that is showing the best days are still ahead of us," McDonald said. "Our guest loyalty is above almost any brand I've ever seen. ... 92% of [our customers] continue to shop us year in and year out."
He added, "We view Lululemon as an experiential brand versus a lifestyle brand. We are going to test and learn."
Lululemon shares have surged more than 82% over the past 12 months, compared with the 1.5% growth of the S&P 500 Retail ETF (XRT).