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Lululemon’s turnaround gets tougher as new CEO inherits a battered brand
Lululemon shares dropped significantly after the company lowered its full-year sales forecast. The sportswear maker's signature leggings business saw a notable sales decline. Competitors like Alo and Vuori are gaining market share in athleisure. New CEO Heidi O'Neill faces challenges in regaining customer relevance and sales growth. The company has financial flexibility for a potential operational realignment and cost adjustments.
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Strong job gains signal Fed hike as Trump levels new ratecut demand
Between a strong jobs report Friday that adds to the case for U.S. interest-rate hikes and a novel threat from President Donald Trump to stop trade with some countries unless the Federal Reserve cuts rates, Fed Chairman Kevin Warsh faces a squeeze: risk presidential ire by tightening monetary policy at the central bank's meeting in two weeks, or skip it and risk a hit to credibility after his own recent hawkish rhetoric.
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