Retail & Manufacturing

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.

Mall expansions, sales, longer hours aimed at stemming tide of southbound shoppers

Hot on the heels of Black Friday and Cyber Monday, a British Columbian non-profit is pushing the message that there are big benefits to spending your money locally.

Business confidence in British Columbia grew in November to its highest level since mid-2011, the Canadian Federation of Independent Business (CFIB) announced November 28.

Vancouver retailers, including Future Shop and 4,000 merchants in a dozen Vancouver business improvement associations, are jumping on the American Black Friday tradition with extended shopping hours.

Sears Canada (TSX:SCC) is laying off 79 employees at its Vancouver service centre and a total of 800 employees nationwide over the next six months, the company announced November 26.