Lululemon approaches 52-week low after guidance trails estimates
The reeling electronics chain went from outhouse to penthouse in 2013, but those looking to match its trick will have a tougher time.
Home-Stretch Holiday Discounts Run Deep, Plentiful
25% of its market cap taken off the top, Express missed guidance largely due to a tough environment--not company-specific issues. Does this make it a buy?
If Lululemon Atheletica (LULU) thought that having its founder step down as chairman and naming a new CEO would take the heat off its stock, well, it was right. Bloomberg has the details about the comings and goings at Lululemon: Lululemon Athletica Inc., the retailer that earlier this year recalled yoga pants for being too sheer, said founder Chip Wilson will step down as chairman. Lululemon also named Laurent Potdevin chief executive officer to replace Christine Day, who said in June that she would leave the retailer when a replacement is found. Canaccord Genuity's Camilo Lyon and Patrick O'Brien call Wilsons departure good news: [Founder] Chip Wilson is also stepping down as chairman of the board in June 2014.
Express has been delivering on the top and bottom lines, but investors are nervous due to the company’s cautious stance on the holiday season. How does it stack up against Urban Outfitters and Guess?
Ultra Salon, Krispy Kreme And Express ended last week more than 20% lower after reporting disappointing earnings reports.
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The Wet Seal (WTSL) plummets after a poor third quarter and expectations of a dismal fourth quarter.