Lululemon Athletica Inc. just got marked down by $1 billion.
Gap Inc., the biggest U.S. apparel- focused retailer, fell after reporting February sales unexpectedly declined.
Gap Inc. reported quarterly profit that topped analysts’ estimates, as sales of low-priced clothing and athletic gear buoyed the results of the biggest apparel- focused retailer in the U.S.
Ross Stores Inc. is gaining on rivals as its 60 percent discounts on Calvin Klein shirts and Nike sneakers win customers seeking bargains amid a slowing economy.
Lululemon Athletica Inc. rose the most in 11 months after new Chief Executive Officer Laurent Potdevin said he plans to speed up the yoga-wear retailer’s move into new markets around the world.
U.S. retailers reported the smallest increase in monthly sales since November, with teen-clothing retailers Abercrombie & Fitch Co. and Aeropostale Inc. dragging down results.
Sterne Agee’s Poser, RBC’s Tubin on Lululemon Fail (Audio)