(Reuters) – Lululemon Athletica Inc <LULU.O> raised its quarterly sales and profit outlook on Monday, as the Canadian apparel maker’s efforts to ramp up its online presence and broaden its range helped drive sales during the all-important holiday period. The company’s shares, which nearly doubled in value last year, were up about 3% in premarket […]
(This April 8 story corrects to clarify that 30% contraction is the annualized rate) By Kate Duguid NEW YORK (Reuters) – The forced closure of businesses across the United States and surge in unemployment due to the coronavirus pandemic will force U.S. growth to contract by 30% at an annualized rate in the second quarter […]
By Tim Hepher and Johanna Decorse PARIS/TOULOUSE (Reuters) – Airbus <AIR.PA> has shelved plans to add a French assembly line for its A321neo just 10 weeks after the expansion was launched, as the coronavirus fallout spreads to its best-selling jetliner. The move heralds the start of a politically sensitive drive to cut investment and overheads […]
