A weekly round up of the hottest international retail and consumer news. 1. Lululemon bucks trend Yoga-and running-gear maker Lululemon Athletica reported a first-quarter profit of US$31.2m, bucking the broader athleisure sales slump. The Vancouver, Canada-based company posted revenue of $520.3m in the period. Lululemon is planning to close most of its Ivivva stores, which sell athletic apparel to girls between the ages of 6 and 12. 2. Canada Goose flies In its first set of results as a publicly listed retailer, Canadian apparel maker Canada Goose reported a 22% rise in fourth-quarter revenue to $51.1m in the three months to March 31. The company, known for its $900 jackets made popular by Bond movie Spectre and celebrities like rapper Drake and model Kate Upton, reported a net loss of $23.4m, or US23c/share. This was less than analysts expected, as stronger sales helped offset expenses. 3. Tesco PwC probe closed The UK’s accounting watchdog, the Financial Reporting Council, has clo...
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