S&P Assigns 'BBB-' Rating to Under Armour (UA); Outlook is Stable; Notes Smaller Scale vs. Nike, adidas
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Under Armour (UA) Files to Offer Unspecified Amount of 10-Year Senior Notes
June 8, 2016 8:55 AM EDTUnder Armour (NYSE: UA) files to offer an unspecified amount of senior notes due 2026. (LINK)
Joint Book-Running Managers: J.P. Morgan BofA Merrill Lynch Wells Fargo Securities
... MoreLululemon sales beat expectations, shares rise
June 8, 2016 6:56 AM EDTBy Julie Gordon
VANCOUVER (Reuters) - Lululemon Athletica Inc (NASDAQ: LULU) on Wednesday reported first-quarter sales that beat analyst expectations thanks to better-managed inventory, new store openings and online sales, sending shares up.
The Vancouver-based company, which has struggled in recent years with embarrassing product recalls and inventory problems, said it brought its inventory levels under control during the quarter.
The retailer also touted growth in Europe and Asia, and said e-commerce is growing strongly despite a dip in online growth compared with the previous year.
... More