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Lululemon unveiled an ambitious growth strategy at its investor day in New York City on Wednesday, one that seeks to double menswear revenues while at the same time quadrupling international earnings.
Lululemon has four different types of stores it's looking to open. Through 2023, the retailer says it plans to grow its square footage annually by a low double-digit percentage rate. Lululemon LULU has a new strategy for its stores.
Lululemon still has some work to do to win men over with its jogger pants and sweat-proof shirts. Lululemon wants to double its men's sales by 2023, meaning revenues in that category will eclipse $1 billion annually. Lululemon LULU , known for its sports bras and yoga pants for women, still has some work to do to win men over.
The US Dollar Index touched the pinnacle near 97.85 levels on Euro plunge. EIA reported higher crude inventory data, dragging down the oil prices. The BoC decided to keep the interest rates unchanged. The Aussie pair stood on the back foot amid poor CPI figures.
Men’s apparel is a newer area for a retailer that got its start courting female yoga devotees. The opportunity for Lululemon in markets outside the U.S. and Canada is clear. As of the end of the latest fiscal year, only 21 percent of Lululemon stores were outside the U.S. or Canada.
Shares of retailer Macy's rose 2% Wednesday, following a report by Bloomberg that the retailer may build an office tower on top its flagship New York store at Herald Square. The report is an indication the retailer may be further evaluating ways to make money off its expansive real estate portfolio. Macy's shares, which are valued at $7.7 billion, are down nearly 17% over the past year.
Lululemon says it's had success with its collaboration with Los Angeles-based sneaker maker Athletic Propulsion Labs. The retailer says it's planning to get into the footwear business with its own products. Lululemon LULU is about to step into the shoe business in a bigger way.
Lululemon, which turned women's yoga wear into mainstream fashion, has been looking to expand its online presence and offer more menswear to better compete with sportswear makers such as Under Armour Inc and Nike Inc. "We are really trying to get over the idea that Lululemon is a woman's brand," Chief Product Officer Sun Choe said. Lululemon said it would raise awareness of men's wear through events, membership programs, video campaigns and marathons.
Fitbit (FIT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Medifast (MED) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
DexCom (DXCM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
While there are several dividend stocks that could provide capital appreciation, honing in on stocks with a history of dividend growth leads to a healthy portfolio with a greater scope of capital appreciation.
Will Columbia Sportswear Continue to Impress with Q1 Results?Will the growth streak continue?Columbia Sportswear (COLM) plans to announce its first-quarter results after the market closes on April 25. Columbia Sportswear announced stellar
Zacks.com featured expert Kevin Matras highlights: Rent-A-Center, North American Construction, Rosetta Stone, lululemon athletic and HDFC Bank
Zacks.com featured expert Kevin Matras highlights: Medifast, lululemon athletica, Logitech International and Molina Healthcare
Lululemon says it plans to double its men's and online sales over next five years, targeting annual revenue growth in the low teens during that timeframe. The retailer, meantime, plans to quadruple international revenues by 2023. Lululemon LULU released a fresh, five-year growth plan on Wednesday ahead of its first investor day five years and the first under new CEO Calvin McDonald.
Does the April share price for Medifast, Inc. (NYSE:MED) reflect what it's really worth? Today, we will estimate the stock's intrinsic value by estimating the company's future cash flows and discounting them to their present value...
Lululemon Athletica Inc forecast annual revenue growth in the low teens for the next five years, as new Chief Executive Calvin McDonald tries to steady the ship after the abrupt exit of the Canadian yoga-pants specialist's last boss. Lululemon, which turned women's yoga wear into mainstream fashion, has been looking to expand its online presence and offer more menswear to better compete with sportswear makers such as Under Armour Inc and Nike Inc. "We are really trying to get over the idea that Lululemon is a woman's brand," Chief Product Officer Sun Choe said.
The loonie pair recorded new monthly levels. The Crude Oil WTI Futures showed a moderate performance. The pair traded well above the 200-days significant SMA triggering a bull call. The US-Sino trade reported positive updates giving support to the growing loonie.
Along with the greenback upliftment, the primary rival (EUR/USD) which always benefits from a dollar plunge, dropped significantly. Crude WTI Futures traded at a new high near $66.60 per barrel elevating the commodity-linked CAD. USD/JPY lost 30 pips in a matter of a few minutes.