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Tag: Lululemon Athletica Inc

How businesses are planning to bring workers back after coronavirus

At some point, the biggest American companies are going to tell their employees it’s time to leave home and return to work.  That decision will be fraught with risk without widespread testing for the COVID-19 virus. For some industries, such as Wall Street banks, ubiquitous testing is essential to bringing back their workforce to offices …

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Nike gets more exercise app users, and it’s driving online sales

Nike‘s stores might be temporarily shut due to COVID-19, but the sportswear giant is getting more people to sweat during stressful times. With many gyms like Equinox shut down, people are turning to its apps, and that is helping boost its e-commerce business.  “During a time of adversity around the globe, we’ve had to adjust …

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At least 150 companies have warned investors

David Paul Morris | Bloomberg | Getty Images About 150 publicly traded companies have warned investors of the threat COVID-19 poses, with several anticipating they’ll miss guidance for the March quarter.  The new coronavirus was first discovered in December in China. At first, several companies had to suspend their supply chains or temporarily close brick-and-mortar …

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Under Armour ‘lost it many years ago’

The founder of leggings maker Lululemon thinks the market for athletic apparel today is a four-way race between Nike, Adidas, Lululemon and Chinese apparel manufacturer Anta Sports. Notice what company isn’t on that list? Under Armour. “I think Under Armour kind of lost it many years ago,” Lululemon founder Chip Wilson, who is no longer …

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Lululemon (LULU) reports fiscal Q3 2019 earnings beat

Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Lululemon on Wednesday reported quarterly earnings and sales that topped analysts’ estimates, as more shoppers around the world picked up its yoga pants and sports bras. And its men’s business continued to grow. But …

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Shoppers might not be flocking to stores on Black Friday. But they’re still spending

This Black Friday, fewer shoppers are flocking to the mall to snag discounted clothing and electronics. Some stores looked eerily sparse. But that doesn’t necessarily mean spending is going to be weak this holiday season. It’s simply a sign of a fundamental shift happening in the retail industry: More purchasing is moving online. Shoppers already …

Shoppers might not be flocking to stores on Black Friday. But they’re still spendingRead More

Under Armour’s shoes aren’t cool right now

Under Armour sports shoes on display. Getty Images Under Armour‘s third-quarter sales might have topped expectations, but one glaring shortcoming in Monday’s release was the company’s shoe sales. Under Armour said footwear revenue tumbled 12% to $250.6 million from $284.9 million a year ago. During a post-earnings conference call with analysts, the company admitted those …

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Under Armour (UAA) earnings Q3 2019

Kevin Plank, CEO of Under Armour. Adam Jeffery | CNBC Under Armour is set to report third-quarter earnings before the market open on Monday. Here’s what analysts are expecting, based on Refinitiv estimates: Earnings per share: 18 cents expected Revenue: $1.41 billion expected Over the weekend, The Wall Street Journal reported that Under Armour was facing …

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Menswear line will grow with awareness

For Lululemon to accomplish its ambitious plans to grow its menswear business, it needs to address a straightforward problem, CEO Calvin McDonald told CNBC on Tuesday. “We know our awareness and consideration within the men’s category is still low, and that is where the opportunity lies,” McDonald said on “Halftime Report.” Put another way: men …

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Under Armour CEO Kevin Plank resigns, taps COO Patrik Frisk for top job

A new year will bring a new CEO to Under Armour. In a surprise announcement, Kevin Plank, who founded the company in 1996 while still in college, announced Tuesday he is stepping down as CEO. He will be replaced by Chief Operating Officer Patrik Frisk, effective Jan. 1. Frisk will also join the board, while …

Under Armour CEO Kevin Plank resigns, taps COO Patrik Frisk for top jobRead More