Lululemon Athletica Inc

Lululemon on Thursday reported holiday earnings that topped expectations, but the athletic apparel retailer's guidance came in below estimates as its growth in North America stagnates.Here's how company did in its fourth fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv:Earnings per share: $5.29 vs. $5.00 expectedRevenue: $3.21 billion vs. $3.19 billion expectedThe company's reported net income for the three-month period that ended Jan. 28…

Canadian sportswear clothing band, Lululemon store in Hong Kong.Budrul Chukrut | Lightrocket | Getty ImagesLululemon is launching its first men's footwear line and casual sneaker as the retailer looks for new avenues of growth in the increasingly crowded athletic apparel space, the company announced Thursday. The retailer is debuting its first casual sneaker, dubbed "cityverse," along with two new running shoes that will all come in both men's and women's styles for the first time. Cityverse will launch Feb. 13, while the…

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 to scale beyond its modest roots and compete with industry leaders such as Lululemon and upstarts such as Alo Yoga and Vuori.  Beyond Yoga's founder Michelle Wahler, along with its Chief Operating Officer and Chief Financial Officer Jesse Adams, will both be stepping down. Green is slated to take the reins on Feb. 1, the company said in a news release. Wahler and Adams will stay…

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 the year, at Woodbury Common Premium Outlets in Central Valley, New York, on Nov. 24, 2023.Vincent Alban | ReutersHoliday sales rose 3.8% year over year to $964.4 billion, according to the National Retail Federation, as consumers spent on gifts and celebrations even after enduring a prolonged period of higher prices.The tallied results, released by the NRF…

Combination showing store signage from Aberdrombie & Fitch and Lululemon stores.Getty ImagesAbercrombie and Fitch, Lululemon and American Eagle Outfitters all raised their fiscal fourth-quarter outlooks Monday, saying they drew customers looking for holiday gifts and items for themselves in November and December.Yet Wall Street greeted the news with varying levels of enthusiasm Monday morning. Shares of Abercrombie and Amercian Eagle shot up about 7%. And Lululemon sank by more than 1%, after investors weighed the…

Peloton has launched a partnership with TikTok.Courtesy of: PelotonPeloton launched a partnership with TikTok on Thursday as part of its strategy to change its public perception and attract a broader array of customers as sales and profits fall. The partnership will create a new fitness hub on the social media platform dubbed "#TikTokFitness Powered by Peloton." It will feature short-form fitness videos, longer live classes, content from Peloton's instructors and collaborations with TikTok creators. Shares of Peloton rose…

A customer enters a Nike store along the Magnificent Mile shopping district on December 21, 2022 in Chicago, Illinois. Scott Olson | Getty ImagesNike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it warned about a "softer" revenue outlook for the second half of the year.The sneaker giant plans to simplify its product assortment, increase automation and its use of technology, streamline the overall organization and leverage its scale "to drive greater efficiency," the company said…

Black Friday shoppers at a Lululemon store at the Garden State Plaza in New Jersey.Mike Calia | CNBCLululemon on Thursday said it saw strong third-quarter demand, but the retailer's shares fell as it gave a tepid holiday outlook.Though sales grew across North America and internationally, the retailer's holiday guidance came in light of expectations. Lululemon said its expected sales to be between $3.14 billion and $3.17 billion for the fourth quarter, which is shy of the $3.18 billion analysts had expected, according to…

Lululemon reported earnings that beat Wall Street's estimates on the top and bottom lines Thursday and raised its full-year guidance, bolstered by improvements in China and freight costs. Shares of the company surged more than 12% in extended trading.Here's how the retailer did in its fiscal first quarter compared with what Wall Street was anticipating, based on a survey of analysts compiled by Refinitiv:Earnings per share: $2.28 vs. $1.98 expectedRevenue: $2 billion vs. $1.93 billion expectedThe company's reported net…

Shoppers are at the Citadel Outlets in Los Angeles.Jonathan Alcorn | ReutersAffordability is the number one concern for consumers globally, new data released Tuesday by EY shows.The price worries could suggest trouble for retailers that are relying on promotions to win over cost-conscious customers. Those companies could see their margins under pressure when they report earnings over the coming weeks. In a consumer sentiment survey of 21,000 shoppers across 27 countries, 35% of respondents said "affordability" is now…