By  on January 13, 2014

The post-Thanksgiving shopping hangover that carried through Christmas appears to be stubbornly hanging on into January.

Brought on by slow traffic and heavy promotions that have persisted into the new year, a flood of profit warnings that began in earnest last week continued Monday. It was led by Lululemon Athletica Inc.’s disclosure that a slowdown this month had caused it to reduce its profit expectations for the fourth quarter to a range of between 71 and 73 cents a diluted share from an earlier range of between 78 and 80 cents. Same-store sales, initially expected to be flat, are now seen falling in the low- to midsingle digits.

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