|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||81.82 - 82.60|
|52 Week Range||54.36 - 82.79|
|Beta (3Y Monthly)||0.79|
|PE Ratio (TTM)||29.61|
|Forward Dividend & Yield||1.78 (2.16%)|
|1y Target Est||N/A|
Lululemon Athletica got a boost after it announced the rollout of its Selfcare toiletries line and a partnership deal with Sephora.
Luxury fashion group Chanel, whose star designer Karl Lagerfeld passed away earlier this year, reported higher annual sales and profits on Monday and once again reaffirmed its independence, stating it was not for sale. Chanel said its 2018 revenues rose 12.5% to $11.12 billion, while net profits climbed 16.4% to $2.17 billion. The French fashion house, known for its tweed suits and quilted handbags, enjoyed growth across all of its markets, with Asia-Pacific leading the way with a 19.9% rise in annual sales, compared to a 7.8% rise in Europe and 7.4% in the Americas region.
Kering, owner of brands including Gucci, will tighten its grip on its e-commerce operations, focusing on its own branded sites to sell its luxury products or ventures where it can control its image and client data. Kering had already said it would wrest back control of web operations for brands such as Balenciaga and Alexander McQueen which had been developed by Yoox Net-A-Porter (YNAP) - an online retailer now fully owned by the group's rival Richemont.
LVMH Moët Hennessy - Louis Vuitton, Société Européenne (EPA:MC), a large-cap worth €176b, comes to mind for investors...
Europe's spirits makers announced plans on Tuesday to list the number of calories and ingredients in spirit drinks, as businesses and regulators step up efforts to cater for healthier lifestyles. The European Commission has, however, called on the sector to come up with a plan to regulate itself amid general interest for healthier eating and drinking habits. The European consumers organisation BEUC has said that, with Europe facing an obesity crisis, calorie content labelling for alcohol was a necessity.
LVMH's Sephora beauty chain said it will close all its U.S. stores, distribution centers and corporate offices for an hour on Wednesday to conduct diversity training for employees, a move that follows a racial incident involving a Grammy-nominated singer. R&B singer SZA, who is black, said in April she was racially profiled at a Sephora store in Calabasas, California. "We have been informed of an incident at our Calabasas store and in addition to reaching out to SZA directly, we are gathering more information about the incident in order to take the proper next steps," Sephora said in a statement emailed to Reuters.
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Barbadian singer Rihanna has unveiled her new fashion brand with Louis Vuitton owner LVMH, a rare move by the French group to set up a label from scratch as it taps into soaring demand for celebrity collaborations in the luxury world. Fenty - after the "Umbrella" hitmaker's full name, Robyn Rihanna Fenty - will build on the singer's existing joint venture in cosmetics with LVMH, with a full range of clothing, shoes and accessories. "My fashion will be different and non-traditional, because I do not come from this industry," the singer told a news conference Wednesday evening, saying she hoped to bring a "new vision of fashion".
The Beijing delivery man who arrived with Christine Lin’s new silver bracelet came dressed in an elegant black suit -- complete with white gloves. Inside, under layers of glossy wrapping paper, was the $90 limited-edition bracelet (from a brand co-founded by Hermes International and a local designer) along with a thank-you card from JD.com, the e-commerce site that had arranged the special delivery. Shoppers from China accounted for one-third of global spending on luxury items last year, and Chinese luxury consumption will nearly double to about 1.2 trillion yuan ($175 billion) by 2025 from 770 billion yuan last year, consultancy McKinsey & Co. estimated in a report published April 26.
Affluent consumers will keep buying Louis Vuitton bags and drinking Hennessy -- regardless of how the U.S.-China trade war plays out.
LVMH has announced that it will be partnering with Robyn Rihanna Fenty to create a new luxury fashion house called "Fenty."
NEW YORK (AP) — Rihanna certified her status as a cultural fashion icon with her groundbreaking new deal with LVMH Moët Hennessy Louis Vuitton, the world's largest luxury group.
Louis Vuitton owner LVMH is launching a new fashion brand with Barbadian singer Rihanna, in a rare move by the French group to set up a label from scratch as it taps into soaring demand for celebrity collaborations in the luxury world. Fenty - after the "Umbrella" hitmaker's full name, Robyn Rihanna Fenty - will build on the singer's existing joint venture in cosmetics with LVMH, with a full range of clothing, shoes and accessories. LVMH said on Friday that the launch, rumored for several months, was "fast approaching", with the first looks set to be presented in Paris before the summer.
Citi bank resumed coverage of LVMH Moet Hennessy Louis Vuitton SA Unsponsored ADR (OTC: LVMUY ) Tuesday with a bullish stance. The Analyst Thomas Chauvet resumed coverage of LVMH with a Buy rating and ...
Lululemon Athletica (NASDAQ:LULU) is tired of being a yoga company with a female focus. That fatigue comes as LULU stock is trading just a few bucks shy of its 52-week high.Source: Shutterstock After a record year that ended with a market cap of $22.7 billion, on fiscal 2019 sales of $3.3 billion, Lululemon has decided to tap the hardest market in athletics: sneakers.This starts with a plan it calls Power of Three, which involves international expansion, an expanded line of men's wear, along with events and a membership program.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe real kicker, however, are the new kicks, or sneakers, announced at the company's Investor Day event April 24.Lululemon CEO Calvin McDonald, who joined the apparel maker from the LVMH (OTCMKTS:LVMUY) unit Sephora last year after his predecessor went down in scandal, will be re-selling sneakers from Athletic Propulsion Labs, a Los Angeles-based luxury label. The Danger AfootIn going into footwear, Lululemon is entering an area that nearly destroyed Under Armour (NYSE:UAA). * 7 Dividend Stocks That Could Double Over the Next Five Years A few years ago, Under Armour was worth twice Lululemon's value. I even suggested Under Armour should buy Lululemon, because the Baltimore company was losing distribution and Lululemon had shown it could profit with its own stores. Besides, I figured, marrying a men's line to a women's line made sense.Today, it's Lululemon that could buy Under Armour, with its market cap of just $9.4 billion and a reputation in the U.S. has been hit by problems with its sneakers. Shoes have become the most complex, difficult sale in fashion. Getting a basketball player's endorsement is no longer enough. Entertainers are now key influencers, and the sneakers themselves are high-tech fashion.How can Lululemon hope to succeed? Lululemon's Low-Risk StrategyLululemon's strategy starts with Athletic Propulsion, which got its ignominious start 10 years ago when the NBA banned the shoes as an "undue competitive advantage" and whose prices start at $250 per pair. APL has made itself a hot fashion brand with fabric tops it calls "Techloom" that make the shoes breathable. This has attracted free publicity from celebrities like Oprah Winfrey and Kris Jenner.For now, LULU CEO McDonald says he's only going after the running shoe market, as part of an effort to expand Lululemon's niche beyond yoga into more aerobic sports. But shoe sales also play into the company's men's wear efforts.As with women, Lululemon is coming after men as a lifestyle choice. It plans to offer skin care products, as well as shoes and outerwear. The risk is limited because APL has other sales channels. * 7 Cloud Stocks to Buy Now The key to Lululemon profits will remain its stores, which are its exclusive merchandise outlets. By sourcing designs directly from Asia and only selling directly, Lululemon gets gross profits over 50% of sales, and brings 17% of revenue to the net income line. Nike (NYSE:NKE), by contrast, brings just 5% of revenue to the net income line. The LULU Stock Bottom LineThe Lululemon stock price is up 19.4% this year, compared to the 8.4% gain in the Invesco Dynamic Retail ETF (NYSEArca:PMR), the exchange-trade fund with a 31-stock portfolio that includes LULU stock as its biggest holding.What can hurt Lululemon most is cutting corners, as in its sheer pants debacle of 2013, where it was forced to recall merchandise. That cost former CEO Christine Day her job. The other thing that can hurt Lululemon is talking down to customers, as founder Chip Wilson learned when he blamed overweight customers for issues with the clothing. He was soon out the door, too.Since then, Lululemon has found a functional strategy, based on quality control, a high-end fashion image and distribution control through its own stores. Whether it can really draw men into what looks like a woman's clothing store is unknown, but for those with high incomes, it can satisfy what demand it gets.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 7 A-Rated Stocks That Are Under $10 * 7 U.S. Shale Oil Stocks to Buy as Prices Rise * 10 Stocks to Sell Before They Give Back 2019 Gains * 10 Oversold Stocks to Run From Compare Brokers The post Will Lululemon Stock Gain More Ground With Footwear Expansion Plans? appeared first on InvestorPlace.
Yahoo Finance's Adam Shapiro fills you in on the latest news stories that you need to know.