VANCOUVER, Canada — Lululemon is on the hunt for a new CEO. The yoga clothing company that made headlines earlier this year for its see-through pants snafu said Monday that CEO Christine Day will step down as head of the company after a successor is named. Day has held the CEO spot for more than five years.
In a three-part report, BoF examines New York City’s ever-shifting retail landscape. Today, we consider the rise and recasting of the Meatpacking District.
NEW YORK, United States — Yoga wear maker Lululemon Athletica is reporting fourth-quarter results that beat Wall Street expectations. But the Canadian company said Thursday that its decision this week to pull its popular black yoga pants off the shelves because the fabric showed off too much of their wearers will dent their financial results for this year.
VANCOUVER, Canada — Lululemon Athletica Inc. fell after it said a shortage of a women’s pants line will have a “significant” effect on financial results and will mean its first-quarter revenue will be lower than forecast.
Once unique, Lululemon faces rivals on all sides (MSN Money) “When Lululemon Athletica Inc opened its first U.S. shop in 2003, its form-fitting yoga pants, free classes and Pacific Northwest vibe were a revelation to its new American customers. They had never seen another retailer like it. But time has caught up with the Vancouver-based retailer. Lululemon, closely watched by investors because of its meteoric rise, now faces
Louboutin wins red soles trademark battle (FT) “French shoe designer Christian Louboutin has won the right to trademark protection of his distinctive red soles in a US federal appeals court in the latest chapter of a bitter legal battle with rival luxury house Yves Saint Laurent.” MADE, a New York Fashion Booster, Makes Paris Inroads (WSJ) “MADE Media Group helped launch several hot young U.S. fashion labels by
In Fashion, Are Trends Passé? (New York Times) “Trends persist, of course, still scrutinized by mass merchants, manufacturers and many consumers, who use them as a compass, a means of navigating a sea of often-conflicting messages. But as an impetus to buy, trend reports rank fairly low on consumer checklists. Shoppers instead glean their fashion intelligence from a welter of sources, among them the runways, the Internet and
Prada frets about tourist stayaways (Reuters) “First-quarter profit doubled at the Milan-based maker of colored Miu Miu dresses, outpacing revenue growth, but the company is not immune from concerns about the euro zone, a sluggish U.S. recovery and a possible slowdown in Asia.” Lululemon CEO Eyes Holidays After Sales Miss (Bloomberg) “Chief Executive Officer Christine Day was unapologetic after projections for
Timberland to be taken over by VF Corporation in $2bn deal (Independent) “VF Corporation… said outdoor clothing was among the fastest-growing apparel categories… ‘The Timberland brand is synonymous with high quality outdoor footwear and apparel… the company had been number one on its acquisition hit list for years.” Clothes: Too much, too cheap (Independent) “Blame the so-called