Latest news with #apparel
Yahoo
13 hours ago
- Entertainment
- Yahoo
Hailey Bieber Will Not Let Justin Bieber ‘Ruin' His New Career, Claims ‘Source'
Hailey Bieber is reportedly determined not to let her husband Justin Bieber's latest business venture go awry. Life & Style reported that the beauty mogul has been helping the singer handle his business affairs more efficiently. A source told the news outlet that the high-profile celebrity couple currently wishes to plan 'their own destiny.' Hailey Bieber has reportedly been acting as a 'positive force' in Justin Bieber's life. The report comes as the singer is embracing his new apparel business, Skylrk. According to Life & Style, a source claimed, 'The situation with Justin and Hailey right now is extremely high stakes.' The person continued, 'They've both spent the last year assuming more and more control over their business affairs and careers.' The insider also said that Justin 'has overhauled his entire organization' and that he shuttered 'his old Drew House fashion brand and spending huge amounts of time on launching his Skylrk venture.' The individual also stated that the new business 'is much more ambitious than anything he has tried before.' The source explained that Hailey is allegedly 'already on her way to becoming a true beauty industry mogul with her skincare line.' Moreovers, the model is 'just as much of a stakeholder as Justin is in anything he tries to get off the ground.' The insider added, 'What they want as a couple and a family is to chart their own destiny.' According to the source, Hailey is 'not going to let Justin ruin his life or career as he embarks on this new chapter.' Besides, the entrepreneur 'has always been a very positive force' in her spouse's life. The beauty mogul has reportedly been pulling Justin 'back from the ledge and look at the big picture.' The source further affirmed, 'She's better than anyone at that.' The post Hailey Bieber Will Not Let Justin Bieber 'Ruin' His New Career, Claims 'Source' appeared first on Reality Tea.
Bloomberg
2 days ago
- Business
- Bloomberg
Tycoon Wiese's Brait Seeks to Sell UK Retail Chain New Look Within a Year
Brait SE is seeking to sell its UK apparel chain in the next 12 months as the South African investment holding company backed by billionaire Christo Wiese winds down its portfolio to repay debt and return cash to investors. Talks with potential buyers of New Look are progressing as the retailer, which has about 400 stores, focuses on growing its online sales and reducing the number of outlets from which it sells dresses and jewelry across the UK, Brait Chief Executive Officer Peter Hayward-Butt said in an interview Wednesday.
Yahoo
2 days ago
- Business
- Yahoo
Why Lululemon Athletica (LULU) Bulls Shouldn't Throw in the Towel Just Yet
Over the first six and a half months of this year, Lululemon Athletica (LULU) has lost approximately $20.4 billion in market value, as the company faces a perfect storm: rising competition, inventory challenges, and a core market that appears to be reaching maturity. While these issues demand serious attention and action from management, Lululemon remains a standout in the apparel sector with margins well above average and returns on capital far exceeding its cost of capital. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter For some, buying into a stock that's still sliding feels like 'catching a falling knife,' but to me, the current price—the lowest in a decade—presents an apparent buy-the-dip opportunity, especially considering the company's solid cushion to potentially turn these structural headwinds around. There are plenty of reasons to be bullish on Lululemon at today's prices, despite its recent struggles. Things are messy for Lululemon stock right now. It has experienced a significant peak-to-trough decline, falling roughly 41% from its January high of $421 to around $247 today. And it got even worse after a double-digit drop following its latest earnings report on June 5, when the company slightly beat analysts' estimates. Lululemon's comparable sales were up just 1% year-over-year, with Americas comp sales down 2%, only partially offset by international comps up 6%. However, what really fueled the bearish reaction was the company's reduction of its full-year EPS guidance from $14.95–15.15 to $14.58–14.78 per share. In my view, these more cautious expectations reflect a combination of competitive pressure, potential product missteps, and a natural slowdown in the U.S. market. While Lululemon has historically handled competition well, new entrants in the premium athleisure space—such as Alo Yoga and Vuori—have been proliferating and capturing market share. There's also the issue of product assortment. Lululemon has struggled to consistently have the right products in stores. The company underwent changes in its design team, which may have contributed to inventory challenges and product shortages in U.S. locations. Most recently, the company reported that inventory increased by 23% in dollar value and 16% in volume, indicating it's carrying a significantly larger amount of product. That could help support future growth, but it could also backfire. If consumer demand doesn't keep up, markdowns may be needed, which would hurt margins. Above all, I think these issues have compounded to weaken performance in Lululemon's more mature markets. In the U.S. and Canada, where the brand is already well-established, future growth depends on innovation to avoid market saturation. So, when a product misses the mark, inventory builds up, and competition intensifies, the impact on sales is felt immediately. It's important to acknowledge that Lululemon's recent challenges aren't solely cyclical in nature. In fact, several appear to be structural—such as increasing competition in the premium athleisure space, market saturation in key regions like the U.S. and Canada, and issues related to product execution and inventory management. These are not short-term headwinds that will resolve on their own; they demand deliberate and strategic action from management. Even so, there are reasons to remain optimistic. Despite these hurdles, Lululemon maintains substantial profitability, with gross margins at 58.3% and operating margins of around 23%—well above those of its industry peers, such as Nike (NKE) and Adidas (ADDYY), which deliver ~10% and 6.5%, respectively. This margin strength provides the company with significant flexibility to navigate its current challenges while positioning for long-term growth. Even in this more challenging environment, Lululemon's ROIC over the last twelve months stands at ~23%, only slightly below the 25.5% achieved the previous year. And when you consider the company's cost of equity—using a beta of 0.8, a 10-year Treasury yield of ~4.3%, and an equity risk premium of around 4%—the cost of capital is near 7.5%. From that perspective, Lululemon is still generating strong value creation that exceeds its capital cost. Even with more cautious forecasts for bottom-line growth this year, I would argue that while ROIC may dip, it's too early to talk about structural deterioration in the company's core fundamentals. There's still a solid long-term story here, if execution improves. The bottom line is that Lululemon's stock is currently trading at 16.7x earnings, its lowest level in the past decade—at least—a significant drop from the 96x earnings multiple it reached back in 2020 and 65x in January last year. Based on my calculations, I believe Lululemon is undervalued by about 30% at today's price. Using a reverse DCF model and assuming the market consensus for the next five years top-line CAGR at 8%, with EBIT margins stabilizing around 23.3% (even though consensus expects considerable EPS growth over this period), I estimate Lululemon's free cash flow to the firm in year five years will be roughly $2.2 billion, assuming no changes in working capital. Bringing that back to present value and discounting at around 7.7%—a rate I find reasonable for a profitable, debt-free, and strong-brand business like Lululemon—and using a perpetuity growth rate of 2.5%, this implies an equity value of about $38.9 billion. That's comfortably above the current market cap of ~$30 billion. Despite some mixed views, the consensus among 29 analysts covering LULU over the past three months leans moderately bullish. Out of those, 15 recommend buying the stock, 12 suggest holding, and only two advise selling. LULU's average stock price target stands at $310.44, implying approximately 30% upside from the current share price over the coming twelve months. Lululemon must confront and resolve what increasingly appear to be structural headwinds in order to restore investor confidence and support a sustained recovery in its share price. The encouraging news is that, despite recent downward revisions to growth forecasts, the stock appears undervalued at current levels, provided the company can maintain at least modest revenue growth and stabilize its margins. For patient, long-term investors, this creates a compelling opportunity to capitalize on short-term weakness and establish or add to a position in LULU. Disclaimer & DisclosureReport an Issue Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
National Post
12-06-2025
- Business
- National Post
S&S Activewear Strengthens Canadian Presence with Deeper Product Availability, Faster Delivery of Key Styles
Article content VANCOUVER, British Columbia — S&S Activewear, a leading technology-enabled distributor of apparel and accessories in North America, today announced the expansion of its product availability across Canada, with a particular focus on strengthening inventory depth at its Vancouver distribution center. The initiative ensures cross-country Canadian customers maintain consistent access to their preferred styles and brands with faster delivery times and reduced freight costs. Article content 'Our customers depend on us for consistent product availability and this enhanced inventory strategy in Vancouver demonstrates our commitment to meeting that expectation,' said Craig Ryan, VP of commercial Canada at S&S Activewear. 'We're providing the reliability and faster shipping that decorators and promotional product distributors need to serve their own customers effectively.' Article content S&S Activewear's Vancouver facility serves as a critical distribution hub for western Canada, complementing the company's Toronto operations to provide comprehensive coverage across the Canadian market. The facility will now stock popular owned brands and various private label collections favored by promotional product decorators and screen printers—including Team 365, CORE365, Harriton, Devon & Jones and North End—with delivery times dropping dramatically to western Canadian customers. Article content The announcement comes as part of S&S Activewear's broader commitment to adding more brands and inventory to its western distribution centers in 2025. The company's proactive inventory management approach includes strategic transfers between distribution centers and careful demand forecasting to minimize disruptions, reduce delivery times and decrease freight costs. Article content 'When our customers need it, we have it locally. That's the S&S advantage in action,' Ryan added. Article content Founded in 1988 and headquartered in Bolingbrook, Illinois, S&S Activewear is a leading technology-enabled distributor of apparel and accessories in the United States and Canada. S&S offers more than 100 brands, including basic garments to fashion-forward styles, with over 6 million square feet of warehouse space across North America. S&S services a broad range of customers through its nationwide network, including retail brands, e-commerce companies, garment decorators, promotional products distributors, entertainment merchandisers, lifestyle brands and web-based platforms for apparel customization. Article content Article content Article content Article content Contacts Article content Media Contact Article content Article content Hope Sander Article content Article content Article content
CTV News
11-06-2025
- Business
- CTV News
Reitmans shareholder group calls on others to join fight to boost retailer's value
A Reitmans clothing store is seen, Tuesday May 19, 2020 in Montreal. THE CANADIAN PRESS/Ryan Remiorz A group of Reitmans Ltd. shareholders have released their second letter in two months urging the apparel retailer to address its stagnating value, saying they want to replace two board directors and end the company's dual-class share structure. The open letter published Wednesday is from Donville Kent Asset Management Inc., Parma Investments Ltd. and an unnamed private investor. They collectively own more than 5.5 million class A shares in Reitmans and another 1.1 million common shares in the company. In the letter, they reiterated their claim from a May 13 letter that Reitmans has demonstrated 'consistently poor decision making' and ignored their requests to explore how the company could unlock more value for shareholders. As of May 12, the company's market capitalization was $105 million — lower than its net cash holdings of $158 million, and well below its net worth on paper of $280 million, the concerned shareholders say. This means the business was valued at less than the cash it held. To boost the way the market perceives the retailer, the shareholders want the company to drop its dual-class share structure and move from the TSX Venture Exchange, 'a junior market typically suited for emerging companies,' to the main Toronto Stock Exchange. In response to the May letter, Reitmans said it has been in communication with Donville Kent and Parma for many quarters and 'regularly evaluates options to optimize shareholder returns.' But the shareholders maintain boosting the company's value has fallen by the wayside because of executive chairman Stephen Reitman and his alleged 'complete dominance overboard members.' Reitman is the grandson of the company's founders, Herman and Sarah Reitman. His family owns, on an aggregate basis, the equivalent of 21.67 per cent of the company's shares, including a majority of the voting common shares. Stephen Reitman has worked at the retailer for about 50 years and is well into his seventies. He held the CEO job when the almost 100-year-old business filed for creditor protection in May 2020, citing the COVID-19 pandemic as one of the reasons for its recent woes. The Montreal-based company rebounded after a restructuring but in order to survive it had to close 160 stores, cut 1,400 employees and dump its Addition Elle and Thyme Maternity brands. Its RW & Co. and Penningtons banners remain. The shareholders behind the Wednesday letter argue it's now time for the company to collapse its dual-class share structure and graduate to the Toronto Stock Exchange. They say a TSX listing would elevate Reitmans' profile among investors, including large institutions, result in a more accurate valuation of shares and provide it with more room to grow. They also want a board shake up and say they are intending to vote against the reappointment of Bruce Guerriero and Daniel Rabinowicz 'due to independence issues and a clear misalignment with the interests of all shareholders.' Instead, they'd like to see Jesse Gamble, senior vice-president at Donville Kent Asset Management, and Deborah Honig, president at Adelaide Capital, join the board as independent directors. In response, Reitmans says its ownership structure has been in place for many years and independent board members have long provided deep expertise to the business. 'We would like to stress in the strongest possible terms our confidence in the performance and objectivity of each of our independent directors and that any allegations that have recently been made impugning the independence of certain of our independent directors are false and wholly without merit,' the company said in a statement. 'There should be no doubt whatsoever as to this fact, and (we) categorically reject any assertion to the contrary.' Since their first open letter was sent on May 13, the concerned shareholders say they have racked up support from organizations and people holding nearly 41 per cent of the shares not held by the Reitman family. This report by The Canadian Press was first published June 11, 2025. Tara Deschamps, The Canadian Press
