Management
Lululemon reports 24 percent revenue boost, driven by international sales
Sportswear retailer Lululemon has reported strong results for the Q1 period of fiscal year 2023, with its net revenue up 24 percent hitting two billion dollars. The rise was particularly driven by international sales, for which revenue had increased 60 percent compared to 17 percent in North America. Comparable store sales also rose 16 percent,...
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Management
Nordstrom Q1 profits narrow, reiterates FY adjusted EPS outlook
Nordstrom has reaffirmed its full-year revenue and adjusted EPS outlook despite weaker sales in the first quarter as the company was impacted by falling consumer demand and the impact of the wind-down of its Canadian operations. Total net sales at the US department store chain fell 11.6 percent to 3.06 billion dollars in the quarter ended April...
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