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☆ Lululemon shares plunge 16% on weak guidance, slowing North America growth
▼ + stars: | 2024-03-21 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

The retailer reported holiday earnings on Thursday evening that topped expectations, but showed that its growth in North America is stagnating. During the quarter, sales rose 9% in the Americas, compared to 29% growth in the year-ago period. For the current quarter, Lululemon expects net revenue to be between $2.18 billion and $2.20 billion, representing growth of 9% to 10%. For the full year, it expects sales to be between $10.7 billion and $10.8 billion, compared with estimates of $10.9 billion, according to LSEG. During the quarter, it opened its first men's store in Beijing — a key growth market for the company.

Persons: Lululemon, you've, Calvin McDonald, McDonald, Alo Yoga, it's, Meghan Frank Organizations: LSEG, U.S Locations: U.S, North America, Americas, China, Vancouver, Beijing

☆ Yoga wars heat up as Levi's Beyond Yoga taps former Athleta CEO, Gap veteran as next chief executive
▼ + stars: | 2024-01-19 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Beyond Yoga's founder Michelle Wahler, along with its Chief Operating Officer and Chief Financial Officer Jesse Adams, will both be stepping down. "We have arrived at a natural inflection point for this incredible brand," Levi's incoming CEO Michelle Gass said in a statement. Retailers such as Lululemon and Nike have long dominated the category, with Beyond Yoga and Gap-owned Athleta following close behind. But upstarts such as Alo Yoga and Vuori have been nipping at their heels and taking market share. In August, Athleta named former Alo Yoga President Chris Blakeslee its next CEO.

Persons: Levi Strauss, Nancy Green, Alo Yoga, Michelle Wahler, Jesse Adams, Wahler, Adams, Michelle Gass, Nancy, BTIG's Janine Stichter, Earnest, Athleta, Chris Blakeslee Organizations: Nike, Yoga, Beyond Yoga Locations: Athleta

Alo Yoga founders Danny Harris and Marco DeGeorge have hired investment bank Moelis (MC.N) to advise on options that include selling a stake in the company, the sources said. No transaction structure has been agreed, and it is possible that Alo Yoga decides against any deal, said the sources, who requested anonymity because the matter is confidential. Spokespeople for Alo Yoga and Moelis declined to comment. Alo Yoga is part of Harris and DeGeorge's company Color Image Apparel, which also includes their Bella+Canvas brand. Kim Kardashian’s underwear brand Skims, which sells active and loungewear, also raised financing this year at a roughly $4 billion valuation.

Persons: Alo Yoga's, Alo Yoga, Danny Harris, Marco DeGeorge, Alo, Taylor Swift, Katie Holmes, Hailey Bieber, Kendall Jenner, Harris, Dealmaking, Kim, Abigail Summerville, Leslie Adler Organizations: Nike, Wall Street Journal, SoftBank Group Corp, Thomson Locations: U.S, Harris, Los Angeles, athleisure, New York

☆ Gap reports another period of declining sales across all brands, warns of 'uncertain consumer'
▼ + stars: | 2023-08-24 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +7 min

In this article GPS Follow your favorite stocks CREATE FREE ACCOUNTPedestrians walk past Old Navy and GAP stores in Times Square, New York City. The company is projecting net sales to decrease in the low double-digit range for the fiscal third quarter compared to last year's net sales of $4.04 billion. Sales declined 6% at Old Navy, on top of a sharp 13.6% decline in the prior-year period. Gap is betting Dickson can breathe new life into Gap's brands: its namesake banner, Old Navy, Banana Republic and Athleta. "We know that regardless of market conditions, strong brands, brands that matter, win," said O'Connell.

Persons: Drew Angerer, Katrina O'Connell, Neil Saunders, StreetAccount, Richard Dickson's, Mattel's Barbie, Dickson, Here's, Chris Blakeslee, Alo Yoga, O'Connell Organizations: Navy, GAP, Refinitiv, Old Navy, Mattel, Banana, Republic Locations: Times Square , New York City, Banana Republic, women's, men's, Gap China, North America

☆ This underperforming retail stock could rally more than 25%, Barclays says
▼ + stars: | 2023-08-01 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors should get off the sidelines on Gap given the retailer's potential for business improvement, according to Barclays. Her $13 price target implies shares could rally 26.2% from Monday's close. Yih said the company could see margin upside with a shift to cleaner inventory levels and mitigated freight challenges. Despite the opportunity to recapture some of the margin, Yih noted the company can do more work to stabilize the business and make it more malleable to consumer demand signals. Between the new management and potential for margin capture, she said the company's valuation multiple could be raised.

Persons: Adrienne Yih, Yih, Richard Dickson, Chris Blakeslee, Alo Yoga, — CNBC's Michael Bloom Organizations: Barclays, Navy, Old Navy, Mattel Locations: Monday's, 2Q23, Banana

☆ Gap hires Mattel president Richard Dickson to be its new CEO
▼ + stars: | 2023-07-26 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +5 min

New York CNN —Gap has named a new CEO, from toy giant Mattel, nearly a year after its previous leader departed. The retailer announced Wednesday that Richard Dickson, currently Mattel’s president and chief operating officer, will assume the position. First the president of the Gap division and later CEO of the company beginning in 1995, Drexler pushed Gap to expand beyond jeans into khakis and oversaw the creation of the budget-chain Old Navy in 1994. It doesn’t help that Old Navy and Banana Republic are also struggling, adding to Dickson’s challenges. In short, being CEO of Gap is not for the faint of heart,” Saunders said.

Persons: Richard Dickson, He’s, Dickson, ” Dickson, Barbie, Neil Saunders, GlobalData, ”, Chris Blakeslee, Alo Yoga, West, Sonia Syngal, Mickey Drexler, Drexler, Paul Pressler, Glenn Murphy, Peck, Syngal, ” Saunders Organizations: New, New York CNN, Mattel, Jones New, Warner Bros, CNN, Athleta, Republic, Kanye West, Navy, Disney, Gap, Banana Republic Locations: New York, Jones New York, Zara, North America, Peck

☆ 2023 Amazon Prime Day dates confirmed, early deals, and how to get a $99 4K TV
▼ + stars: | 2023-06-21 | by ( Brendan Griffiths | Senior Commerce Director | ) www.businessinsider.com time to read: +3 min

Amazon has just confirmed the Prime Day dates for this year's summer sale, along with announcing a range of early deals you can shop already right now. Amazon Prime Day 2023 will occur over 48 hours on July 11th and 12th. Expect fresh Prime Day deals to land on the second day, and new Lightning Deals will be unleashed throughout the event. Amazon's invite-only Prime Day dealsAmazon has said that the broader Prime Day deals will include top discounts from brands like Lancôme, Kérastase, Peloton, Victoria's Secret, YETI, The Drop, Sony, D'Amelio Footwear, OPI, and Alo Yoga. Early Prime Day deal highlightsAmazon Prime 30-Day Free Trial New and eligible returning members can try Prime for 30 days, free.

Persons: There's, you'll, Amazon's, Alo Yoga, you've, we've Organizations: Amazon, Omni, Sony, D'Amelio Locations: Kérastase

☆ Alo Yoga says it's the 'Tesla' of athleisure, and it's loosening Lululemon's grip on Gen Z
▼ + stars: | 2023-06-07 | by ( Leslie J. Allen | ) www.businessinsider.com time to read: +5 min

Alo Yoga's "studio-to-street" fitness clothes are a hit with Gen Z and Gen Alpha, the Wall Street Journal reports. Segment leader Lululemon faces growing competition not just from upstarts like Alo, but also legacy brands like Nike. Alo Yoga is building a following among two key demographics, Gen Zers, loosely defined as those born between 1997 and 2012, and their younger counterparts, Gen Alpha, according to an article in The Wall Street Journal. Alo YogaAlo's growth was boosted by influencers and its digital rootsAlo Yoga started in Los Angeles in 2007. It's created openings for others beyond Alo, but Alo certainly has started to set itself apart as a power brand in its own right."

Persons: Alo Yoga's, Gen Z, Alpha, Alo, —, Lululemon, Alo Yoga, Gen Zers, Gen Alpha, it's, I'd, Andrew Lipsman, Lipsman, Hailey Bieber, Bella Haddad, Budrul Chukrut, Danny Harris, Wall, It's, Lisman Organizations: Wall Street, Nike, Service, Street, Intelligence, influencers, Ford, GM, Chrysler Locations: Los Angeles, China, Alo

☆ Tracy Anderson's ex-trainers said their bodies were 'breaking apart' while working for the fitness icon
▼ + stars: | 2023-02-18 | by ( Katie Warren | ) www.businessinsider.com time to read: +4 min

Tracy Anderson charges members $900 a month to workout at her studios in LA and New York. Her former trainers said teaching in the 95-degree studios for at least four hours a day could be grueling. Members in the US pay $900 a month to learn the "Tracy Anderson Method," a dance-based workout in a room heated to 95 degrees with 75% humidity. That all sounds cool, and it also sounds like you're going to get paid pretty well," one former New York trainer said. Another former trainer said her body "was just breaking apart," adding that she quit because of the physical demands of the job.

☆ Inside Tracy Anderson's cutthroat fitness empire: Legal threats, paranoia, and trainers who say their bodies were 'breaking apart'
▼ + stars: | 2023-02-16 | by ( Katie Warren | ) www.businessinsider.com time to read: +29 min

One day around 2015, a dozen or so gift boxes showed up at the Brentwood, California, studio of the celebrity fitness trainer Tracy Anderson. "It was an exclusive boutique fitness studio," the former New York trainer said. Darren Gerrish/WireImageThe method demanded that TA trainers, most of whom were also professional dancers, perform the strenuous workouts full out, every time. Let's help you do it correctly so you don't get injured,'" the former New York trainer said. "This is at a time where everyone is already overworked," one of the former New York trainers said.

☆ Welcome to Elon Musk's Fan Club
▼ + stars: | 2022-12-20 | by ( Jordan Parker Erb | Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

We didn't think refreshing Elon Musk's Twitter feed was how we'd spend it. Today, we're taking you inside the latest club in Silicon Valley: Elon Musk's fan club. Welcome to the Elon Musk fan club. Cue Musk's Twitter takeover: slashing headcount, revoking benefits, and cranking up productivity. Elon Musk is being forced to choose a company.

☆ I'm a 20-year-old metaverse fashion designer who's worked with Karlie Kloss, Paris Hilton, and Elton John. Here's how I spend my days.
▼ + stars: | 2022-12-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

When it comes to digital fashion, though, the possibilities are boundless. Over the years, I've collaborated with celebrities like Karlie Kloss, Paris Hilton, and Elton John on personalized collections for the metaverse. Certain brands I've worked with have asked me to create virtual replicas of their existing merchandise. Digital fashion has already evolved from a cryptic concept to a familiar notion. I see myself eventually creating traditional clothing from my metaverse designs — developing ideas, designing, and simulating pieces digitally before transforming then into tangible, wearable pieces.

SKIP AHEAD Best deals at Amazon | Best deals at Walmart | Best deals at Target | Best deals at Best Buy | Best Cyber Monday sales across categoriesTo help you make the most of the shopping holiday, Select compiled some of the best Cyber Monday deals and sales we think you’ll want to know about. Best Cyber Monday 2022 deals across retailersBelow, we’re sharing the best Cyber Monday deals based on our previous coverage and reporting. 4.7-star average rating from 73,237 reviews at TargetOral-B’s Pro 1000 electric toothbrush is one of the best models you can buy. 4.7-star average rating from 10,600 on AmazonThis cookware set comes with 8-inch and 10-inch nonstick fry pans. Best Cyber Monday 2022 sales across retailersHere are the best Cyber Monday sales we think you’ll want to know about.

SKIP AHEAD Best deals at Amazon | Best deals at Walmart | Best deals at Target | Best deals at Best Buy | Best Black Friday salesTo help you make the most of the final Black Friday sales, we compiled some of the best deals and sales that we think you’ll want to know about. Best Black Friday 2022 deals across retailersBelow, we’re sharing the best Black Friday deals based on our previous coverage and reporting. 4.7-star average rating from 73,237 reviews at TargetOral-B’s Pro 1000 electric toothbrush is one of the best models you can buy. 4.7-star average rating from 10,600 on AmazonThis cookware set comes with 8-inch and 10-inch nonstick fry pans. Best Black Friday 2022 sales across retailersHere are the best Black Friday sales that we think you’ll want to know about.

☆ I'm a 'model' golf caddy in Vegas. What I wear impacts my tips, and I'm often the mama bear for drunk or rowdy golfers.
▼ + stars: | 2022-11-08 | by ( Elle Hardy | ) www.businessinsider.com time to read: +7 min

Ariana Sokol is a contract golf caddy for Platinum Tees in Las Vegas, Nevada. Golfers book us directly through Platinum Tees, and we go to caddy at different courses around Las Vegas. The first time I set foot on a golf course was my first round after I got the job. I now know the primary course I work at like the back of my hand, so I'm almost like a flight attendant. I always get to the golf course with my makeup on and my hair done.

☆ These 15 people are shaping the office of the future, designing meeting pods, hologram calls, and buildings that actually make workers healthier
▼ + stars: | 2022-10-24 | by ( Robert Davis | ) www.businessinsider.com time to read: +27 min

These 15 power players are just a handful of the people designing workplaces to balance productivity, interaction, and employee well-being through indoor-air-quality monitoring systems, building amenities, holographic meeting spaces, and more. AftershipCities like Austin, Texas; Nashville, Tennessee; and Raleigh, North Carolina, began offering business-relocation incentives during the pandemic to boost their workforces and help increase occupancy in office buildings. Room's office suite includes a phone booth, a meeting room, an open meeting room, and a focus room. Room also makes a soundproof meeting room that fits two people, a more open meeting booth, and a focus room designed for quiet concentration. "The future of office work needs to be guided by a new, genuine form of flexibility in which the work, not the workers themselves, become even more malleable," Petersen writes.

☆ New & Notable: Latest releases from Amazon and Peloton
▼ + stars: | 2022-09-24 | by ( Gabriella Depinho | Gabriella Depinho Is A Production Coordinator For Select On Nbc News. | ) www.nbcnews.com time to read: +3 min

This story is part of Select's New & Notable column, where we highlight our favorite product launches, major sales, what we're buying and some of our latest recommendations and advice. Shopping news: Walmart launches virtual fitting room and Peloton expands bike rentalsAccording to CNBC, this week Walmart is launching a virtual fitting room with Zeekit, a virtual fitting room startup the company bought last year. Peloton is expanding its bike rental program nationwide after piloting the program in Texas, Colorado, Florida and Minnesota, according to CNBC. After paying a $150 “startup fee,” you can rent a Peloton Bike for $89 a month. Target announced its early holiday deal days (or Target Deal Days), from Oct. 6 to Oct. 8.

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