平价能不能买到羽绒服引热议 记者调查发现 有的"羽绒棉服"含绒量竟然为零 近期，"平价到底能不能买到真正的羽绒服"成为网络热议话题。记者调查发现，无论是线上电商平台， 还是线下实体门店，都有价格低廉的羽绒服正在售卖。然而，其中不少产品存在名不副实、标识不清等 问题，有些打着"羽绒"旗号的服装甚至不含一丝羽绒，就是普通棉服。 -轻薄透亮 一两百元羽绒服 充绒量低于童装款 "我给母亲买了件轻薄款羽绒服，想着家里房间背阴，一早一晚冷了她可以披一下。结果拿到手一看， 这也太轻薄了吧！对着太阳都能透光，感觉就没啥羽绒。"前不久，市民王女士趁着"双11"在网上购物 平台为母亲购买了一件短款羽绒服，但羽绒服轻薄的程度超乎了她的想象。 记者浏览多个电商平台发现，确实有不少标注一两百元甚至几十元的羽绒服，只不过所能购买到的多是 充绒量很少的轻薄款式。 在雅鹿官方旗舰店，百元左右价位的羽绒服，充绒量从45克至59克不等，服装薄厚程度被明确标注 为"薄"。 优衣库官方旗舰店一款标价299元的高智羽绒服保暖外套，销售量已达"2万+"。购物页面显示，这是一 款加入羽绒与功能性填充物的外套，绒子含量90%。记者注意到，这款羽绒服尺码不同 ...

The board said it is working with a leading executive search firm to find McDonald’s successor. In the interim, board chair Marti Morfitt will take on the role of executive chair immediately, overseeing the company’s growth strategy during the transition. Meanwhile, chief financial officer Meghan Frank and chief commercial officer André Maestrini will act as interim co-CEOs. The announcement came alongside Lululemon’s third-quarter earnings, which revealed a 2% decline in net revenue in the Americas, while ...

Core Viewpoint - A new wave of Korean fashion brands is emerging in China, characterized by rapid expansion and a short lifecycle, often referred to as "disposable brands" due to their quick rise and fall in popularity [6][29]. Group 1: Market Entry and Expansion - Three new Korean fashion brands, minjiena, lazyz, and fancy club, launched a pop-up event in Shanghai, marking their entry into the Chinese market [1]. - Rest & Recreation opened its first store in mainland China in April and has since expanded to major cities like Beijing and Shanghai [1]. - Emis has successfully entered online platforms like Xiaohongshu and Tmall, followed by physical store openings in key shopping districts [1][19]. Group 2: Decline of Established Brands - Several previously popular Korean brands, such as Mardi Mercredi and NERDY, are rapidly declining or exiting the Chinese market due to various challenges [3][30]. - Mardi Mercredi announced the closure of all its offline stores in China, while NERDY exited the market due to disputes with its Chinese distributor [3][30]. Group 3: Consumer Behavior and Brand Dynamics - The rapid rise and fall of these brands are linked to low brand loyalty and consumer attachment, with many young consumers seeking unique, niche products [6][17]. - The influence of K-pop culture and celebrity endorsements significantly boosts brand visibility and sales, as seen with brands like emis and Mardi [7][13]. - Young consumers are increasingly drawn to unique designs and small labels, often preferring them over established brands [17]. Group 4: Marketing Strategies - Korean fashion brands are leveraging social media influencers and KOLs to enhance brand visibility and attract consumers [19][22]. - The use of pop-up stores and engaging store designs creates a buzz and draws crowds, contributing to the brands' initial success [19][22]. Group 5: Challenges and Risks - The rapid expansion of these brands often leads to a dilution of their unique appeal, resulting in a perception of being "overexposed" or "common" among consumers [30][36]. - Many new brands lack a solid brand foundation and face quality issues, which can deter consumers from repeat purchases [31][33]. - The reliance on local distributors for rapid growth can lead to conflicts and mismanagement, as seen in the case of NERDY [41]. Group 6: Future Outlook - The long-term success of these Korean fashion brands in China will depend on their ability to build brand resilience and adapt to the complexities of the market [46].

CEO Calvin McDonald is stepping down after a dismal year for the stock.Lululemon Athletica (LULU 0.35%) closed out a tumultuous year on Thursday, announcing in its third-quarter earnings report that Calvin McDonald would be departing as CEO on Jan. 31, 2026.The company also showed off better-than-expected results in the Q3 report, though profits fell, and its guidance for the key holiday quarter missed the mark. At least part of the stock's 11% surge after hours seemed to be a response to the change in the ...

NEW YORK (AP) — Lululemon Athletica Inc, (LULU) said Thursday that its CEO Calvin McDonald is stepping down effective Jan. 31 as the athletic wear maker wrestles with a year of disappointing sales. The company, based in Vancouver, Canada, said that McDonald and the board are working together to manage a “smooth transition,” and he will serve as a senior advisor to the company through March 31, 2026. The board said it was conducting a comprehensive search in partnership with a leading executive search fi ...

Financial Data and Key Metrics Changes - Total net revenue rose 7% to $2.6 billion in Q3 on both a reported and constant currency basis, with comparable sales increasing by 2% [28] - Gross profit for Q3 was $1.43 billion, representing 55.6% of net revenue, down from 58.5% in Q3 2024, primarily due to a 290 basis point decrease in overall product margin [30] - Net income for the quarter was $307 million, or $2.59 per diluted share, compared to $2.87 for the third quarter of 2024 [31] Business Line Data and Key Metrics Changes - In the Americas, total revenue declined 2%, with the U.S. down 3% and Canada down 1% [12] - Men's revenue increased by 8%, women's revenue increased by 6%, and accessories and other grew by 12% [29] - Digital channel revenues increased by 13%, contributing $1.1 billion, or 42% of total revenue [29] Market Data and Key Metrics Changes - Revenue in China Mainland increased by 46%, or 47% in constant currency, with comparable sales increasing by 25% [29] - The rest of the world segment saw revenue grow by 19% on a reported and constant currency basis, with comparable sales increasing by 9% [29] - The company expects revenue growth in China Mainland to be at or above the high end of the guidance range of 20%-25% for the year [13] Company Strategy and Development Direction - The company is focused on three pillars: product creation, product activation, and enterprise efficiency to drive improvement in the U.S. business and maintain international momentum [20][21] - The leadership transition includes Marti Morfitt as Executive Chair and Meghan Frank and André Maestrini as co-CEOs until a new CEO is appointed [10] - The company aims to innovate new products and experiences while expanding into new markets and categories [9] Management's Comments on Operating Environment and Future Outlook - Management noted a slowdown in trends post-Thanksgiving but expects modest improvement in revenue trends in Q4 compared to Q3 [15] - The company anticipates challenges in operating margins due to increased tariffs and the removal of the de minimis provision, with a focus on efficiency [39][65] - Management expressed confidence in the leadership team and the action plan to drive growth and innovation [11][19] Other Important Information - The company ended the quarter with $1 billion in cash and cash equivalents, with no debt [28] - Capital expenditures for Q3 were approximately $167 million, primarily for business growth investments [32] - The company repurchased approximately 1 million shares at an average price of $181 during the quarter [32] Q&A Session Summary Question: Can you speak to the cadence of demand in the U.S. during Q3 and trends quarter to date? - Management indicated that demand progressed as expected, with August being the best month and October the softest, reflecting planned activities [45] Question: How did the segment perform this quarter, and what are the expectations for new product introductions? - Management noted pressure in the apparel space but highlighted a strong innovation pipeline and upcoming new product introductions [54] Question: Can you discuss the new product pipeline and its development based on customer research? - Management confirmed that product innovation begins with research focused on unmet needs, with a strong pipeline for performance categories [60] Question: What is the impact of the Amex partnership on sales and margins? - Management reported positive results from the partnership, with a focus on guest acquisition, although it remains a small part of the business [78] Question: How is the China business performing, particularly in e-commerce versus stores? - Management expressed satisfaction with the momentum in China, noting strong performance across all tier cities and effective brand activation [90]

Let's start with the departure of McDonald. He's been there since 2018. We had a chance to see what he can do the last couple of years.Haven't pleased investors. Do you think this could potentially be a good change for the company. I think it's a positive change.Look, I think Calvin did a great job in scaling the business into a global leader for a period of time, but I don't think he was the right leader at the right time for this business. And what we've seen is throughout the past year, year and a half, ...

Group 1: Leadership Changes - The departure of McDonald, who has been with the company since 2018, is viewed as a positive change that may benefit the company moving forward [1] - There is a belief that McDonald was not the right leader for the current challenges facing the business, as previous efforts to diagnose and address issues have not yielded significant improvements [2][3] - Investors are seeking a "hard reset" for the company, indicating a need for fresh ideas and a new perspective to drive change [10] Group 2: Performance Insights - The company's performance in the U.S. has been stagnant, with year-over-year declines noted, while international growth, particularly in China, shows promise [4][5] - Execution missteps and product offerings that do not resonate with consumers have contributed to the stagnation in the U.S. market [5][6] - The athleisure category is becoming more mature, facing increased competition from various brands, which poses challenges for the company [7][8] Group 3: Market Trends - There is a shift in consumer preferences, with a resurgence in denim and formal wear, indicating a potential decline in the demand for athleisure products [8] - Despite the challenges, there are still opportunities for companies that can effectively engage consumers and adapt their merchandising strategies [8]

Financial Performance - Total revenue reached $2.6 billion, a 7% increase[2] - Diluted EPS was $2.59, a 10% decrease[2] - Total comparable sales increased by 2%[2, 11] Segment Performance - Women's apparel revenue increased by 6%[6] - Men's apparel revenue increased by 8%[6] - Accessories and other revenue increased by 12%[6] - Digital revenue increased by 13%[7] - Store revenue was flat[7] Geographic Performance - Americas revenue decreased by 2%[8] - International revenue increased by 33%[8]

Core Insights - Lululemon Athletica, Inc. reported strong third quarter earnings, surpassing analyst expectations on both earnings per share and revenue [1][2] - The company announced a leadership change with CEO Calvin McDonald set to step down in January 2026, while interim co-CEOs will be appointed [3] Financial Performance - Quarterly earnings were reported at $2.59 per share, exceeding the analyst estimate of $2.27 by 14.15% [2] - Quarterly revenue reached $2.57 billion, surpassing the Street estimate of $2.48 billion and increasing from $2.4 billion in the same period last year [2][6] - Net revenue increased by 7% to $2.6 billion, with international net revenue rising by 33% [7] Sales Performance - Comparable sales increased by 1%, or 2% on a constant dollar basis, while Americas comparable sales decreased by 5% [7] - International comparable sales saw an increase of 18% [7] Future Outlook - The company raised its fiscal 2025 GAAP EPS guidance to a range of $12.92 to $13.02, slightly above the $12.95 analyst estimate [6] - Fiscal revenue outlook was also raised to between $10.96 billion and $11.05 billion, compared to the $10.979 billion estimate [6] - The company expressed optimism about early performance as it enters the holiday season [5] Stock Activity - Following the earnings report, Lululemon stock gained 6.95%, reaching $200.50 in extended trading [6] Share Repurchase Program - The board approved a $1 billion increase to the company's stock repurchase program [3]