Lululemon’s shares are approaching new highs as the coronavirus crisis is making athleisure wear into everyday wear. DoubleLJSquared explains. WSJWhatsNow
The coronavirus crisis has transformed athleisure wear into everyday wear, obviating the need for most other clothing for many consumers. Not surprisingly, shares of Lululemon Athletica are hitting new highs. Unlike consumers’ backsides, they may not face meaningful compression soon.
At-home fitness products have been relative beneficiaries of the coronavirus as consumers shift away from gyms and in-person classes. Shares of stationary bike company Peloton Interactive, for example, are up over 130% since mid-March. But given...
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coronavirus hot spot in Minnesota connected to surge of cases at meatpacking plantCoronavirus hot spot in Minnesota connected to a surge of cases at a meatpacking plant, still operating due to the Defense Production Act which President Trump invoked at the end of April.
Read more »
Australia posts 'terribly shocking' surge in unemploymentOver half a million jobs were lost in Australia in April, the largest fall on record, raising the unemployment rate to 6.2 percent. Meanwhile the Reserve Bank of Australia expects the rate to increase to 10 percent.
Read more »
Australia poised for surge in coronavirus-fuelled unemploymentAustralia is expected to post its biggest ever monthly rise in unemployment on Thursday because of coronavirus lockdown measures, even as the country begins to gradually ease those social distancing rules.
Read more »
US meat exports surge as industry struggles to meet demandU.S. meat exports are surging even as the industry is struggling to meet domestic demand because of coronavirus outbreaks at processing plants that have sickened hundreds of workers and caused companies to scramble to improve conditions.
Read more »
Exclusive: As COVID-19 cases in Yemen surge, some sources see undercountingYemen has more suspected coronavirus cases and deaths than the authorities have so far reported, four sources familiar with the matter told Reuters, as the United Nations warned the virus is spreading in the war-ravaged country.
Read more »
GrubHub shares surge off reports of acquisition offer by UberUber, which already manages Uber Eats, has made an offer to acquire food delivery service GrubHub, according to published reports.
Read more »