Lululemon Cuts Outlook on Ongoing Sourcing Issues

Shares of Lululemon Athletica tumbled last week after the yoga apparel retailer lowered its sales outlook for the year even as it reported higher third quarter earnings. Late deliveries; slower traffic and a weaker Canadian are said to be impacting the fo

DTLR Withdraws IPO Filing

DTLR Holding, Inc., formerly known as Downtown Locker Room, announced that due to an unspecified “business development,” it will not proceed with its planned initial public offering. The company declined to comment beyond its one-sentence statement…

Puma Hires Advertising Agency

Puma appointed advertising agency JWT New York as its lead creative agency. Effective immediately, JWT will assume a leadership position over all Puma advertising and creative on a global basis…

PVH 3rd-Quarter Profit Jumps 17 Percent

PVH Corp.’s third-quarter profit grew 17.3 percent to $196.7 million, or $2.37 a share, again boosted by its acquisition of Warnaco Group, which licenses the Speedo brand and Calvin Klein underwear and jeans. The $2.9 billion purchase was completed

Sustainable Apparel Coalition Releases Higg Index 2.0

The Sustainable Apparel Coalition released the Higg Index 2.0 after 14 months of testing by dozens of apparel and footwear companies striving to build more sustainable supply chains. The coalition, which built the index on pioneering work by athletic and