Restoration Hardware plunged more than 12% in after-hours trading, after the high-end home furnishings retailer announced the departure of co-CEO Carlos Alberini.
U.S. retail and food services sales for November rise 0.7% to $432.3 billion in November. However, consumers were buying things other than apparel.
Lululemon Athletica shares were plunging on Thursday after the yoga apparel company said that fourth-quarter comparable sales would be flat and forecasted weaker-than-expected earnings. TheStreet's Laurie Kulikowski has details from New York.
Lululemon shares are plunging early Thursday after the yoga and athletic apparel maker delivers better-than-expected third-quarter earnings but says comparable sales in the final quarter of the year will be flat.
Urban Outfitters surges, Costco falls and Home Depot rises marginally as retail sector stocks are mixed on Wednesday.
Lululemon Athletica's shares teetered on Tuesday as investors took in the news of a new CEO stepping in and its founder and chairman stepping out.
Lululemon Athletica hires Laurent Potdevin as its new CEO. Founder and Chairman Chip Wilson to resign.
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The news comes less than a week after Engaged Capital sent a letter to Abercrombie's board in an attempt to deliver what it says is a much-needed shake up of the company's top management.
McDonald's global same store sales inched 0.5% higher last month, however its U.S. business saw sales decline, despite its focus on breakfast, chicken menu items and expanded value offerings.