🎣 Port Strike Suspended
Plus, Flexport announces more layoffs, Hurricane Helene continues to disrupt key lanes, and experts predict truckload carrier rate increase for 2025.
Lululemon excels in Q3, beating estimates; RH faces challenges but remains hopeful for 2024.
In the third quarter of 2023, Lululemon and RH (Restoration Hardware) presented contrasting financial performances.
CEO Comments: Highlighted strong quarter, innovative product offerings, and readiness for the holiday season.
CFO Comments: Expressed satisfaction with top and bottom line exceeding expectations.
CEO Comments: Expects housing market to remain frozen until a drop in interest rates or home prices. Anticipates demand acceleration in the first half of 2024.
Sources: Lululemon | Restored Hardware
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