Pressure from the founder, a change of CEO, and better-than-expected results are driving Lululemon’s performance.
A Canadian sportswear brand founded in 1998, Lululemon gained fame from its yoga pants. But internally, the atmosphere at the company was never exactly zen. This was reflected in the…
Nike stock pops after better-than-expected earnings
Nike late Thursday reported a 12% quarterly sales decrease, but it’s what’s next that has many Wall Street traders excited. The sportswear giant has been in a rare and sustained…