Lululemon Athletica Inc., the retailer that recalled shipments of yoga pants earlier this year for being too sheer, cut its annual profit forecast after delays in getting new merchandise restrained sales.
L Brands Inc., which owns Victoria’s Secret and has powered through a choppy economy, reported August same-store sales that narrowly missed estimates, the latest evidence of weakness among U.S. apparel chains.
Salesforce.com Inc. jumped to a record high after quarterly results showed customers are seeking the marketing tools Chief Executive Officer Marc Benioff acquired to complement his customer-management software.
Wal-Mart Stores Inc. said it is lending $50 million to Bangladesh factory owners, joining global retailers in a push for safer plants in the country after the April collapse of a garment complex killed more than 1,000.
U.S. stocks fell, giving the Standard & Poor’s 500 Index its biggest weekly loss since June, as investors pulled money from exchange-traded funds and weighed growing signs the Federal Reserve will cut stimulus this year.