Lululemon shares jump as holiday-quarter sales surge
Lululemon's quarterly results beat Wall Street's expectations, sending shares higher. Source link
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Apparel Retail
Millennials plan to stick with online shopping even as stores rebound, new survey finds
While early pandemic saw an unprecedented online shopping boom, in-person shopping has been ready for a resurgence, as shoppers return
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Secondhand resale is getting cutthroat as platforms such as Depop and Poshmark boom
The consumer culture on indie reselling platforms has shifted as more sellers compete to capture demand and more inflation-weary customers
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Can Costco maintain its edge over Sam’s Club?
The pandemic has thrown the airline industry into turmoil. Analysts say at least airlines are doing a better job at
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Nike’s holiday quarter plagued by bloated inventory, weak China sales
Investors have been watching to see if Nike's gross margins improve from its direct-to-consumer channels. Source link
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China’s Shein set to raise $2 billion in new funding round, aims for U.S. IPO later this year, sources say
Shein cut its valuation to $64 billion in this fundraising, down by a third from a funding round a year
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Jefferies downgrades American Eagle Outfitters, sees the apparel stock struggling in a recession
Analyst Randal J. Konik downgraded the retailer to hold from buy, citing the company's exposure to a slowdown in consumer
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Levi Strauss beats estimates, offers upbeat guidance for fiscal year
Levi Strauss sales fell, but still topped Wall Street's expectations. The company also offered positive revenue guidance. Source link
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Cowen upgrades Skechers, says footwear stock could rally nearly 40% as brand gains momentum
The firm said the shoe is gaining preference and earnings estimates are too conservative. Source link
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