Nike shares tumbled 7% on Friday after the Air Jordan maker warned of lower sales in its first half as it replaces older styles with trendier sneakers, while Lululemon Athletica sank 16% as ...
While Lululemon's gloomy forecast spotlights the challenges for retailers as customers reduce discretionary spending due to sticky inflation, Nike's projection signals its efforts to battle newer ...
Leticia Miranda is a Bloomberg Opinion columnist covering consumer goods and the retail industry. She was previously a business reporter at NBC News and a retail reporter at BuzzFeed News.
Is premium athletic apparel entering its flop era? Despite the booming success of industry darlings like HOKA and On Cloud — two sneaker brands with a cult-like consumer following — top ...
Apple faces a antitrust lawsuit, yet Wall Street ... may turn to the corporate sector. FedEx, Nike and Apple are set to be in the spotlight, while Lululemon (NASDAQ:LULU) slumped premarket after ...
And alongside it, we've seen Lululemon Athletica (NASDAQ: LULU) become a major industry player. For all its success over the years, Nike doesn't hold a candle to its younger rival except in one ...
The top five biggest brands, in order are: Nike Adidas Puma Lululemon Under Armour But with New Balance quickly leaping up to spot No. 6 over recent years, and giants like Adidas and Lululemon ...
Lululemon has pricing power and is growing quickly thanks to its popularity. Nike, on other hand, has faced more challenges with no obvious solution. Both businesses have warned about slowing ...
Like Lululemon Athletica LULU, Nike Inc NKE topped its latest earnings expectations. But shares of both Lululemon and Nike tumbled on Friday. Despite the earnings beat with holiday sales also ...
Wall Street has put both Nike (NYSE: NKE) and Lululemon Athletica (NASDAQ: LULU) stocks on the discount shelf this year. The retailers are down 14% and 24% in 2024, respectively, even as the S&P ...