Edward Yruma News
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Lululemon Athletica Inc., the yoga- wear retailer that blends fashion and lifestyle marketing, declined after it was forced to withdraw women’s pants that proved to be too transparent.
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American Apparel Inc. , the operator of more than 280 clothing stores, plunged 41 percent in New York trading after posting a record loss and informing investors it may breach covenants on its second-lien loan.
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Lululemon Athletica Inc. slid after forecasting fourth-quarter sales that trailed analysts’ estimates amid investor concern the Canadian yoga-wear retailer’s extraordinary growth may be leveling off.
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Americans’ urge to shop is overriding anxiety about the economy.
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Lululemon Athletica Inc. Chief Executive Officer Christine Day was unapologetic after projections for second-quarter sales missed analysts’ estimates, sparking the biggest stock decline in 10 months.
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Sears Holdings Corp. and Urban Outfitters Inc . are weighing rival bids for clothing retailer J. Crew Group Inc. in a potential challenge to TPG Capital and Leonard Green & Partners LP’s $3 billion buyout, said three people with knowledge of the matter.
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Lululemon Athletica Inc., a Vancouver-based yoga-wear retailer, declined the most in 10 months after projecting full-year earnings and sales that trailed analysts’ estimates.
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Same-store sales at U.S. retailers in April surpassed analysts’ estimates, led by Limited Brands Inc. and Macy’s Inc. , as consumers gained confidence in the U.S. economy’s recovery.
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Tom Wyatt, president of Gap Inc.’s Old Navy chain, says the best part of shopping at his stores comes when it’s time to leave.
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Limited Brands Inc. , Gap Inc . and other U.S. retailers reported May sales that trailed analysts’ projections as increasing prices and surging gasoline costs deterred budget-conscious shoppers.
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