Lululemon Athletica Inc on Thursday forecast fourth-quarter results below expectations, striking a cautious tone for the holiday season and sending shares of the premium apparel retailer down 2% in extended trading. The forecast, after a strong third-quarter show, mirrors sentiments from other U.S. retailers such as Walmart, Best Buy and Kohl‘s which have hinted at…
Abercrombie & Fitch’s and American Eagle Outfitters’ upbeat third-quarter results and annual forecasts were overshadowed by caution around holiday-quarter sales from several major retailers. Apparel retailer Abercrombie & Fitch’s shares, which have more than tripled this year, were down about 8%, while American Eagle slipped 17%. Days ahead of the start of the busiest selling…
Lululemon Athletica said on Thursday its third quarter was “off to a solid start” as the North American business improves, and the yogawear maker lifted its annual profit and revenue forecasts for a second time. Shares in the company rose 1.6% in extended trading on the positive commentary. They had fallen some 4% in choppy…
Representative Image Abercrombie & Fitch raised its annual sales forecast on Wednesday after its second-quarter results comfortably beat estimates on strong demand for latest fashion styles at its Abercrombie label and improved assortment at Hollister. Shares of the Ohio-based company jumped 15% in premarket trading. Abercrombie has been filling its shelves with a fresh collection…
