Lululemon Athletica Inc (LULU.OQ)
TORONTO Athletic apparel maker Lululemon Athletica Inc on Thursday said it would close most of its money-losing Ivivva girls stores and boost investment in its online business as it reported quarterly profit that beat analysts' forecasts.
TORONTO, June 1 Athletic apparel maker Lululemon Athletica Inc on Thursday said it would close most of its money-losing Ivivva girls stores and boost investment in its online business as it reported quarterly profit that beat analysts' forecasts.
TORONTO, June 1 Premium athletic apparel maker Lululemon Athletica Inc on Thursday reported quarterly earnings that beat analysts' forecasts and said it plans to shut down 40 Ivivva stores for young girls, sending shares up 10 percent.
* Lululemon athletica inc. Announces first quarter fiscal 2017 results and plan to restructure its ivivva operations
Sportswear maker Under Armour Inc posted a smaller-than-expected quarterly loss, helped by a jump in sales at its retail outlets - a higher margin business than wholesale - and a bump in profit in Asia Pacific, the only bright spot.
* Asia Pac operating profit up 13 pct, N. America falls 91 pct
* CEO Laurent Potdevin's 2016 total compensation $6.6 million versus $5.2 million in 2015 Source text: (http://bit.ly/2pyJwjH) Further company coverage:
BRIEF-Lululemon Athletica says size of board increases from nine to ten members with Murphy's appointment
* In connection with Murphy's appointment to board, board of directors increased size of board from nine to ten members Source text: [http://bit.ly/2oRJQdT] Further company coverage:
Shares of Lululemon Athletica Inc were set for their biggest one-day percentage loss in more than eight years on Thursday, after the Canadian yogawear apparel maker warned that first-quarter sales would fall. | Video
March 30 The steep drop in Lululemon Athletica's stock price, following a sales warning that resulted from poor color choices in the company's spring collection, turns the spotlight on slowing growth in the athleisure category pioneered by the Canadian yogawear retailer.