Lululemon Athletica Inc. stock fell more than 10% in the extended session Thursday after the athleisure-wear maker reported mixed quarterly results and saw inventories soar. Lululemon LULU, +0.59% earned $735 Read more
Tag: Sports Goods
Nike’s Phil Knight: Kyrie Irving ‘stepped over the line’ sharing antisemitic film
““Kyrie stepped over the line. It’s kind of that simple. He made some statements that we just can’t abide by and that’s why we ended the relationship. And I was Read more
Affirm stock plunges toward record low after Peloton’s struggles weigh on forecast
Affirm Holdings Inc. shares plummeted Tuesday afternoon, after executives brought down their annual guidance for the buy-now-pay-later company amid troubles at one of its most important partners in recent years, Read more
Puma’s new CEO Arne Freundt takes reins immediately as incumbent moves to Adidas top job
Puma SE said Tuesday that Arne Freundt will take over immediately as chief executive, ahead of schedule, after incumbent CEO Bjorn Gulden was named to lead rival Adidas AG. Puma Read more
Peloton stock trims losses after earnings as CEO says company is ‘making significant progress’
Peloton Interactive Inc.’s latest earnings showed that the company is making progress on its goal of trimming losses, though the company’s CEO acknowledged that these strides were coming at the Read more
A Tesla stock plunge could destroy ‘zombie stocks’ such as GameStop and Peloton, warns equity research firm New Constructs
Tesla shares could decline dramatically — and that could mean disaster for a number of stocks that have already seen deep share-price cuts, according to equity research firm New Constructs. Read more
A Tesla stock plunge could destroy ‘zombie stocks’ such as GameStop and Peloton, warns equity research firm New Constructs
Tesla shares could decline dramatically — and that could mean disaster for a number of stocks that have already seen deep share-price cuts, according to equity research firm New Constructs. Read more
Retailers are cutting clothing prices, but don’t expect big discounts from this athleisure giant
Athleisure-wear maker Lululemon Athletica Inc. is better positioned to stay above the current clothing discount frenzy and is gaining popularity among younger consumers, Piper Sandler analysts said Tuesday in upgrading Read more
Peloton strikes first brick-and-mortar deal with Dick’s
Peloton PTON, -3.06% is turning to the country’s largest sporting goods retailer in its latest effort to reach more customers. The connected fitness giant will sell its equipment in Dick’s Sporting Read more
Peloton to cut another 500 jobs, the fourth round of cuts this year
Peloton Interactive Inc. said it plans to cut about 500 jobs, roughly 12% of its remaining workforce, in the company’s fourth round of layoffs this year as the connected fitness-equipment Read more
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