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Lululemon Q1 plunges; CFO to retire
Lululemon Athletica Inc.'s first-quarter net income plunged 60%, impacted by a one-time tax adjustment. Although its adjusted profit and revenue beat Wall Street's expectations for the quarter, the retailer lowered its full-year earnings forecast.
Lululemon said that CFO John Currie plans to retire by the end of its fiscal year (February 2015).
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Loss prevention associates from Old Navy, Beall’s Department Store honored by NRF
Washington, D.C. — The National Retail Federation (NRF) presented its annual Ring of Excellence, Law Enforcement Retail Partnership and Retail Case of the Year awards during the NRF Loss Prevention Conference and Expo on Thursday, June 12.