News Formal

Lululemon shares sink on disappointing outlook, slowdown in U.S. business

  • 📰 BurnabyNOW_News
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 77%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Shares in Lululemon Athletica Inc. were down about 15 per cent in afternoon trading Fridayas investors reacted to lower revenue projections and a U.S. slowdown. The Vancouver-based athletic apparel retailer's fourth quarter, which ended Jan.

Shares in Lululemon Athletica Inc. were down about 15 per cent in afternoon trading Fridayas investors reacted to lower revenue projections and a U.S. slowdown.

The retailer has also noticed an increase in younger shoppers, which necessitate smaller sizes and covet a wider selection of colours that weren't always on hand. "U.S. consumer softness could partially be attributed to increased competition from upstarts Alo and Vuori," he told investors in a note. This year, the retailer plans to add 35 to 40 net new company-operated stores with many coming in markets outside North America where Lululemon isn't widely known.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 14. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Lululemon shares sink 17% after retailer notes 'slowdown' in U.S. businessVANCOUVER — Lululemon Athletica Inc.'s stock dropped roughly 17 per cent in Friday morning trading and remained down into the afternoon as the market reacted...
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »