Friday, September 1, 2017

Lululemon avoids the ‘athletic carnage’ in retail

A customer looks at athletic apparel inside a Lululemon store.Athletic retailers and apparel makers are having a rough time, but somehow Lululemon is outperforming.

The yoga and running gear retailer posted better-than-expected second-quarter profit Thursday. Its shares rose 7 percent shortly after the market open on Friday in the wake of the report. Comparable sales for Lululemon rose 7 percent versus the 4 percent analysts had expected for the quarter, according to Thomson Reuters data.. . . more

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