Retail & Manufacturing

New bankers easy to find, but without a long-standing relationship with them, small-business access to loans is limited

Lululemon Athletica Inc. warned investors January 13 that a substantial drop in sales since the start of 2014 will hurt sales and earnings in its fourth quarter – an outlook that sent the yogawear maker’s shares (Nasdaq:LULU) down 16% as of 11:30 a.m. Pacific time.

As business optimism across Canada fell to its lowest level since June, small business owners in British Columbia reported having the highest optimism in the country in December, according to the Canadian Federation of Independent Business (CFIB).

2015 opening of major Nordstrom outlet shifting centre of downtown shopping strip east

There’s only one weekend left for British Columbians to buy their remaining holiday gifts with money they weren’t expecting to spend.

Today’s youth more inclined to start their own businesses than work for others: JABC

Lululemon Athletica (NASDAQ:LULU) shares dropped nearly 11% this morning after the company issued a weak outlook December 12, despite third quarter earnings.

Lululemon Athletica (NASDAQ:LULU) founder and chairman of the board of directors Chip Wilson has announced that he is resigning, and the company has appointed a new CEO to succeed Christine Day, the yogawear maker announced December 10.

Investors at this morning’s Lululemon conference call asked how incoming CEO Laurent Potdevin’s experience might improve supply-chain infrastructure and get products onto shelves – something that Lululemon has had difficulty doing in the past 12 months.

More than three-quarters (78%) of small business owners (SBOs) use the holiday season to re-establish a balance between personal and work life, according to an American Express quarterly survey.