|June 11, 2014|
|06:03 EDT||LULU||lululemon founder Chip Wilson votes against re-election of outside directors|
lululemon founder Chip Wilson announced that he voted against the re-election of Michael Casey and RoAnn Costin to the board of lululemon. "After being asked by the Board to come back from Australia to help the company recover from the product recall last year, I have decided to vote against the re-election of the company's outside Board members. While I am excited about the new management team that I helped put in place, I am concerned that the Board is not aligned with the core values of product and innovation on which lululemon was founded and on which the company thrived. As a 27% shareholder in the company, I believe change is now needed at the Board level to increase shareholder value."
News For LULU From The Last 14 Days
|May 5, 2015|
|07:35 EDT||LULU||Potential tariff deal could boost Apparel margins, says Deutsche Bank|
The potential trade agreement that would eliminate tariffs among the U.S. and 11 other countries, known as the Trans-Pacific Partnership, could help margins in the Apparel and Footwear sector over time, says Deutsche Bank. The firm estimates gross margin benefits from TPP could potentially reach 400 basis points for Nike (NKE) and 100-250 basis points for VF Corp. (VFC), Under Armour (UA) and lululemon (LULU). Approval for the TPP could be up for vote at the end of 2015, Deutsche believes.
|May 4, 2015|
|10:00 EDT||LULU||On The Fly: Analyst Initiation Summary|
Today's noteworthy initiations include: Abercrombie & Fitch (ANF) initiated with an Underperform at RBC Capital... American Eagle (AEO) initiated with an Outperform at RBC Capital... Ann Inc. (ANN) initiated with a Sector Perform at RBC Capital... Ascena Retail (ASNA) initiated with a Sector Perform at RBC Capital... CONMED (CNMD) initiated with a Buy at Deutsche Bank... Carbylan Therapeutics (CBYL) initiated with an Outperform at Leerink... Chico's (CHS) initiated with an Outperform at RBC Capital... Energous (WATT) initiated with a Buy at Ascendiant... Gap (GPS) initiated with a Sector Perform at RBC Capital... Hanesbrands (HBI) initiated with an Outperform at Cowen... Inter Parfums (IPAR) initiated with a Buy at BWS Financial... Kenon (KEN) initiated with a Hold at Deutsche Bank... L Brands (LB) initiated with a Sector Perform at RBC Capital... LogMeln (LOGM) initiated with a Sector Weight at KeyBanc... Orchids Paper (TIS) initiated with an Outperform at Oppenheimer... Urban Outfitters (URBN) initiated with an Outperform at RBC Capital... lululemon (LULU) initiated with an Outperform at RBC Capital.
|06:25 EDT||LULU||lululemon initiated with an Outperform at RBC Capital|
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|April 27, 2015|
|09:44 EDT||LULU||lululemon Q1 sales estimate $427M vs. consensus of $418M at ITG Research|
ITG Research's Q1 sales estimate for lululemon is $427M vs. consensus of $418M and constant dollar comp assumption is 3%-4% year-over-year vs. management guidance of low-single digits.