SGB Executive

EXEC: Lululemon Delivers Blowout Q1, Led By China

EXEC: Lululemon Delivers Blowout Q1, Led By China

Shares of Lululemon are aligned to start trading up 15 percent after the yoga-themed retailer defied inflationary pressures by reporting better-than-expected first-quarter results and lifting its full-year outlook. China stood out, with sales up 79 percent, but the core business continued to see strength, with North American sales ahead 17 percent and its women's leggings category growing by 22 percent. (Read More)

EXEC: Famous Footwear Expected To Show Negative Comps In 2023

EXEC: Famous Footwear Expected To Show Negative Comps In 2023

Caleres, Inc. said Famous Footwear’s same-store sales fell 8.5 percent in the first quarter due to a weather-related delay in the sandal season and a pullback in spending from its “more moderate-income customer” due to inflationary pressures. Sequential improvement in sales is expected in coming quarters but Famous Footwear’s comps are expected to be negative for 2023. (Read More)

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