Lululemon post profit as sales fall short
June 12, 2020
Lululemon reported earnings per share of 22 cents in the first quarter, down from 74 cents for the same period in 2019, while its sales fell 17 percent due to store closures necessitated by the coronavirus outbreak. The yoga-inspired retailer reported that online sales were up 68 percent in the quarter.
Recent News
Wayfair To Launch Its First Physical Furniture Store Next Month
Wayfair, the online furniture retailer, announced its first physical store opening next month.
Hyundai Joins List of Brands To Halt Advertising on X Due to Antisemitism Concerns
Hyundai pressed pause on advertising on X following reports that one of its ads appeared next to an antisemitic and pro-Hitler post on the social media platform.
Popeyes Adds Menu Hack Double Stack Sandwich in the UK
Popeyes, the Louisiana chicken chain, continues to expand its menu offerings in the UK. Known for its Cajun breakfast and spicy Buffalo chicken options, the fast-food brand has now introduced a new item: the Double Stack Sandwich.
JCPenney Announces a New Rewards and Credit Program
This new program could potentially return half a billion dollars to America’s families.