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Thu, November 29, 2012

Lululemon Athletica and Quiksilver Looking to Boost Profits This Holiday Season


Published on 2012-11-29 05:46:22 - Market Wire
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November 29, 2012 08:30 ET

Lululemon Athletica and Quiksilver Looking to Boost Profits This Holiday Season

LONDON--(Marketwire - Nov 29, 2012) - Thanksgiving weekend was a strong kickoff to the holiday season, breaking last year's record breaking figures as consumer confidence reached 73.7, its highest level in four years. According to the National Retail Federation, over the Black Friday weekend a record 247 million shoppers spent an estimated $59.1 billion, and Cyber Monday was the biggest online spending day ever with sales gaining 30 percent over last year. Apparel clothing companies such as Lululemon Athletica and Quiksilver could stand to profit from strong holiday spending.

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While increased spending is a positive for the industry, many are also working hard to make their own luck and ensure growth. Quiksilver has reportedly been focused on improving sales and profitability recently by increasing its marketing spending while lowering expenses, cutting staff and making some potentially beneficial changes to its top management. See what our analysts have to say on Quiksilver. Follow the Link below
[ http://www.wallstreetactive.com/ZQK29November12.pdf ]

Elsewhere in the industry, Lululemon has reportedly settled a patent infringement case against Calvin Klein and its manufacturer. The case related to three different patents related to a specific overlapping style of waistband. Terms of the settlement were not disclosed. Analyst opinion on Lululemon Athletica accessible for free at
[ http://www.wallstreetactive.com/LULU29November12.pdf ]

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