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Market Wrap For December 13: Major Indices Finish The Day Flat
Friday, December 13, 2013 - 5:45pm | 2270Major indices were looking for a rebound after a four day skid which included multiple triple digit point losses for the Dow. Futures pointed to a higher opening as investors found reason to be positive in the House's passing of the budget agreement last night. The markets were unable to hold on...
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Still More Room for Disappointment in Lululemon
Friday, December 13, 2013 - 5:38pm | 464Lululemon Athletica Inc. (NASDAQ: LULU) issued a weak fourth quarter guidance and cut its full year guidance on Thursday, after announcing its third quarter results. The company expects its EPS to come in at a $0.78 to $0.80 range, on revenue of $535 million to $540 million. Analysts were...
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Market Wrap For December 12: Dow Suffers Second Consecutive Day of Triple Point Loss
Thursday, December 12, 2013 - 5:41pm | 2348Major indices continued its decline from yesterday as the Dow suffered a triple digit point loss for the second consecutive day. Positive retail sales data added to an otherwise already convincing case that the economy is strong enough for the Federal Reserve to begin tapering. The Fed's policy...
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Market Wrap For December 10: Fed Meeting One Week Away
Tuesday, December 10, 2013 - 5:41pm | 1996After starting the week hitting record closes yesterday, major indices slipped in today's trading session. Investors are anxiously awaiting next week's Federal Reserve meeting which it is becoming more and more apparent that tapering is set to begin sooner, rather than later. The meetings will...
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Laurent Potdevin To Replace Christine Day As CEO of Lululemon
Tuesday, December 10, 2013 - 12:12pm | 541After a months long search which included a quirky job ad on its main webpage, Lululemon (NASDAQ: LULU) has announced it has hired a new CEO. Laurent Potdevin will replace outgoing CEO Christine Day in January 2014. Potdevin is a current President at TOMS and brings to the table years of...
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Lululemon Shares Plummet on Disappointing Company Outlook
Thursday, June 7, 2012 - 8:09am | 373Impressive Q1 revenue increases can't keep Lululemon Athletica from tanking on the company's disappointing outlook. Lululemon (NASDAQ: LULU) announced this morning that for the first quarter (which ended April 29, 2012), net revenue increased 53% to $285.7 million. This compares favorably to the...
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What Keeps Lululemon CEO Christine Day Up At Night?
Wednesday, January 12, 2011 - 2:31pm | 255Lululemon Athletica Inc. (NASDAQ: LULU) CEO Christine Day was on CNBC this afternoon to discuss the challenges of running of the firm, as well as her goals in social media. “We were a little bit later to the web because, very early on, there was a contractual deal that didn't work out,” Day...