Carter's Sales Miss; GameStop Jumps; Lululemon Rises on Deal
On this episode of Stock Movers:
- Carter’s (CRI) shares are up, erasing an earlier decline, after the children’s apparel company said its fourth-quarter comparable sales are “off to a good start,” despite reporting a net sales miss during the third quarter. The company also plans to reduce offices-based roles by about 15% by the end of 2025, and it boosted the amount of stores it plans to close.
- GameStop (GME) shares jump more than 8% in premarket trading after the White House’s Rapid Response 47 account reposted a statement from the company on X that declared the so-called “console wars” over. The White House’s official X account also posted a reply to the statement with a stylized image of President Trump.
- Lululemon Athletica (LULU) has entered an arrangement with the National Football League and sports merchandiser Fanatics Inc. to develop a line of fan apparel as the yoga-wear retailer searches for new avenues of growth.The new Lululemon collection, set to be announced on Monday, is the company’s first link-up with the league. The line includes clothes for all 32 NFL teams and will be sold through the NFL and Fanatics shops, along with team stores, beginning on Oct. 28.
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