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Lululemon CEO looks beyond yoga wear for growth

By Solarina Ho TORONTO (Reuters) - Lululemon Athletica Inc <LULU.O>, best known for its trendy yoga wear, hopes to drive growth in coming years by expanding its range of fitness-related apparel and accelerating international plans, its newly appointed chief executive said on Thursday. Laurent Potdevin, who was recruited to revive the company's fortunes after an embarrassing recall and supply chain issues last year raised questions about growth prospects, made the comments in Vancouver at the retailer's analyst day.

Lululemon poised to defeat pant lawsuits, judge's draft decision dismisses cases

NEW YORK, N.Y. - Lululemon Athletica Inc. appeared poised to defeat a class action lawsuit filed against the company over a recall of its black Luon pants last year because they were too sheer. U.S. Judge Katherine Forrest released a draft decision Friday that proposes the case be dismissed. The lawsuit by shareholders accused the Vancouver-based athletic-wear company of failing to disclose the quality defects in its Luon yoga pants, which resulted partly due to cost cutting.

Lululemon CEO sets sights on accelerating growth; shares surge

By Solarina Ho TORONTO (Reuters) - Lululemon Athletica Inc's <LULU.O> new chief executive pledged on Thursday to speed up the yogawear retailer's global expansion while avoiding missteps like last year's embarrassing recall of its trademark yoga pants, helping boost its once high-flying stock.

GameStop, Citigroup, Lululemon, Baxter and Fred's are big market movers

NEW YORK, N.Y. - Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Citigroup Inc., down $2.71 to $47.45 The Federal Reserve barred the bank from raising its dividend and boosting share buybacks, saying it's too hard to predict how it would fare in a sharp downturn. Baxter International Inc., up $2.72 to $72.80 The health company is splitting into two entities, with one focused on biopharmaceuticals and the other on medical products. GameStop Corp., down $1.57 to $37.33

Lululemon gets back to its roots to win back customers after recent missteps

Lululemon Athletica Inc. (Nasdaq:LULU) says it plans to get back to "what it does best" by creating great products and engaging customers as it seeks to win back their love and put last year's missteps behind it. "We've reflected on last year and we've learned from last year and we've done that with humility," chief executive Laurent Potdevin said during his first earnings call since taking over from Christine Day in January.

Lululemon says profits held steady in fourth quarter, revenue up 7 per cent

VANCOUVER - Lululemon Athletica Inc. (NASDAQ:LULU) says its profits held steady in the fourth quarter, the busiest season for retailers. The Vancouver-based company, which is known for its yoga wear, reported net income of $109.7 million in the 13 weeks ended Feb. 2. That compared to profits of $109.4 million in the same period a year earlier, which included an additional week. Earnings per share was steady at 75 cents per share, beating analyst expectations by three cents, according to data compiled by Thomson Reuters.

Lululemon rejects allegation it misled shareholders

By Jonathan Stempel NEW YORK (Reuters) - Lululemon Athletica Inc <LULU.O> says its nearly year-long struggle with bad publicity linked to slowing growth and a messy product recall did not reflect any corporate intent to defraud shareholders, and that an expanded lawsuit suggesting otherwise should be thrown out of court.

US stocks tank ahead of earnings reports

US stocks tumbled Monday ahead of a raft of corporate reports as earnings season gets into full swing this week. The Dow Jones Industrial Average shed 179.11 points (1.09 percent) at 16,257.94. The broad-market S&P 500 skidded 23.17 (1.26 percent) to 1,819.20 and the tech-rich Nasdaq lost 61.36 (1.47 percent) at 4,113.30. Stocks opened modestly lower then traded near the flatline until midday, before steadily selling off all afternoon.

Stocks are little changed in midday trading on Wall Street; Lululemon plunges on weak sales

NEW YORK, N.Y. - Stocks are little changed in midday trading as investors wait for the pace of company earnings reports to pick up. Energy stocks fell as the price of oil declined. The Dow Jones industrial average edged down 20 points, or 0.1 per cent, to 16,416 points as of noon Monday. The Standard Lululemon, the high-end yoga apparel maker, slumped 15 per cent after saying sales have dropped off in January and that its fourth-quarter results will be lower than analysts had expected.

Stocks are little changed in midday trading on Wall Street; Lululemon plunges on weak sales

NEW YORK, N.Y. - Stocks are little changed in midday trading as investors wait for the pace of company earnings reports to pick up. Energy stocks fell as the price of oil declined. The Dow Jones industrial average edged down 20 points, or 0.1 per cent, to 16,416 points as of noon Monday. The Standard Lululemon, the high-end yoga apparel maker, slumped 15 per cent after saying sales have dropped off in January and that its fourth-quarter results will be lower than analysts had expected.
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