Sustained workout wear demand drives Lululemon’s upbeat 2021 forecasts
Lululemon Athletica Inc (LULU.O) forecast full-year net revenue and profit above Street estimates on Thursday, anticipating continued demand for its workout wear despite easing COVID-19 restrictions in many of its top markets.
Gap raises 2021 forecasts as apparel shopping gains momentum
Gap Inc (GPS.N) raised its forecast for annual sales and profit, expecting an unabated surge in demand for new apparel as more people begin to step out and socialize after a year of hunkering down at home due to the pandemic.
American Eagle sees sales rising on pent-up demand for apparel
American Eagle Outfitters Inc (AEO.N) said on Wednesday sales of its jeans and tops was accelerating, after the apparel retailer reported a first-quarter results beat on increased spending, driven by stimulus checks.
Michael Kors parent expects sales growth as luxury demand rebounds
Capri Holdings Ltd (CPRI.N) on Wednesday forecast annual revenue and profit above Wall Street expectations, betting on shoppers returning to stores in the United States following speedy vaccinations and pent-up demand for luxury goods in Europe.
