H&M fas say they 'can't resist' £43 sport jacket that rivals Lululemon
- Lululemon and Abercrombie & Fitch raised their current-quarter sales targets due to strong demand for discounted apparel during the holiday season.
- The apparel category had the highest discount rates in the U.S. At about 33% this holiday season, according to data from Salesforce.
- Lululemon expects quarterly net revenue in the range of $3.560 billion to $3.580 billion, compared to its prior targets of $3.475 billion to $3.510 billion.
- Abercrombie expects fourth-quarter net sales to grow between 7% and 8%, compared with its prior target of 5% to 7%.
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Coverage Details
Total News Sources0
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
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