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Lowe's adds ex-Dollar Tree executive
With the seasonal merchandise season about to get into full swing, Lowe's has hired a marketing executive from Family Dollar to lead its seasonal product business.
Lowe's Companies Inc. announced that Jocelyn Wong has been named senior vice president and general merchandising manager for the company's seasonal product business area, effective Oct. 12. She will report to Chief Merchandising Officer Michael P. McDermott.
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Lululemon net income slips in Q2
Vancouver – Despite a healthy increase in net revenue, net income slipped at Lululemon Athletica during the second quarter of fiscal 2015.
Net income dropped 2% to $47.67 million from $48.75 million, with higher costs and expenses driving down profits.
Net revenue grew 16% to $453.01 million from $390.7 million, aided by an 11% increase in total comparable sales. This encompassed a 6% increase in same-store sales and 35% increase in direct-to-consumer sales.

