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Report: Lululemon chair sold stock prior to CEO exit
Lululemon's chairman, Dennis "Chip" Wilson, sold stock worth $50 million just days before shares slumped following CEO Christine Day's resignation, according to a Reuters report.
Reuters goes on to cite a Wall Street Journal report — which in turn cites InsiderScore.com, a site which tracks insider trading and institutional ownership — that Wilson set up plans to sell stock back in December. Wilson founded the company in 1998 and remains its largest voting shareholder.
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Family Dollar courts Father's Day shoppers
MATTHEWS, N.C. — With Father’s Day just around the corner, Family Dollar is touting its small-store format, accessible staff and assorted product offerings to draw shoppers into its stores.
The value retailer is offering greeting cards, apparel and grills, while reminding shoppers that stores carry not only grills but also charcoal, coolers, hot dogs, hamburgers and even condiments.