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CNBC
a day ago
- Business
- CNBC
JPMorgan downgrades Lululemon, sees stock moving sideways from here
It's time to step to the sidelines when it comes to Lululemon Athletica , according to JPMorgan. The bank downgraded shares of the athleisure retailer to neutral from overweight. Analyst Matthew Boss slashed his price target to $224 from $303. The new forecast is less than 1% above Monday's close. "While lululemon remains underpenetrated internationally relative to peers with a notable opportunity to scale brand awareness, our work points to a normalizing pace of growth in China Mainland & product assortment challenges in the U.S. have driven elevated markdowns & a more moderate revenue growth profile for the business, with higher fixed cost leverage hurdles across ROD and SG & A expenses further constraining multiyear margins," Boss wrote. As a headwind, the analyst pointed to U.S. product catalysts pushed to the second half of the year, after customers responded poorly to Lululemon's updated core seasonal colors, which currently represents around 40% of the company's inventory mix. This has contributed to the company having to strategically offload inventory through summer promotions. "Importantly, as a result of relative underperformance within Core-Seasonal inventories, our fieldwork points to the 7/1 launch of the 'Summer Scores' promotional event advertised directly on the homepage of the DTC website & via digital marketing emails to begin clearing through additional inventory units on hand," Boss added. Meanwhile, normalizing growth in the Chinese market could ultimately cap Lululemon's CAGR — or compound annual growth rate. Stronger growth was experienced in the past few years, as the retailer scaled stores and its initial brand awareness investments. "Specifically, management noted the brand has shown relative insulation against an unfavorable China macroeconomic backdrop (though the macro environment still remains less than favorable), and our work points to a potential prolonged 'normalization' curve of revenue growth as the region aligns closer to management's +low-30s CAGR target (FY21-26), relative to a +48% CAGR experienced in FY23/24 (vs. FY21)," Boss added. LULU YTD mountain LULU YTD chart Shares of Lululemon have stumbled 42% this year.
Indian Express
3 days ago
- Entertainment
- Indian Express
Amitabh Bachchan, Farhan Akhtar and Kunal Kohli mourn demise of Don director Chandra Barot: ‘He was like a family friend'
Veteran filmmaker Chandra Barot, best known for directing the iconic 1978 film Don starring Amitabh Bachchan, passed away on Sunday at the age of 86. His wife, Deepa Barot, revealed that he had been battling pulmonary fibrosis for the past seven years and was admitted to Guru Nanak Hospital, where he breathed his last. Amitabh Bachchan, Farhan Akhtar, Kunal Kohli, Sanjay Gupta, and many others have mourned the loss of the director. On his Tumblr blog, Bachchan remembered Barot and wrote, 'Another and another sad moment. Dear dear friend and my director of DON – Chandra Barot passed away this morning … It is difficult to put in words the loss .. we worked together yes, but he was more a family friend than any else .. I can only pray.' Filmmaker-actor Farhan Akhtar, who is currently taking the Don franchise forward by directing the third installment Don 3, shared a heartfelt post. Taking to his Instagram handle, he shared photos of Barot and wrote in the caption, 'Saddened to learn that the director of the OG Don is no more. RIP Chandra Barot-ji. Deepest condolences to the family.' A post shared by Farhan Akhtar (@faroutakhtar) ALSO READ | Amitabh Bachchan's Don left producer in massive debut, he died before movie's premiere; Zeenat Aman let go off her fee, his debts were paid off with film's earning Filmmaker Sanjay Gupta also took to his X handle and wrote, 'Rest In Peace Chandra Barot Sir. Many thanks for DON. One of the most entertaining Hindi films ever.' Director Kunal Kohli penned an emotional note on his X account, revealing that the Don director was the only one who he had ever assisted. 'Chandra ji RIP sir. The only director I assisted. Not in Don. For a film with Vinod Khanna called Boss, which never saw the light of day. But what an enriching experience working with him. Heard so many BTS stories of Don. I used to bunk college and assist Chandraji. Remarkably sharp man. Lovely person. Has very enlightening and fun chats with him. Thank you sir for giving us #Don indian cinemas' most stylish films to date. #ChandraBarot,' his post read. Chandra ji RIP sir. The only director I assisted. Not in Don. For a film with Vinod Khanna called Boss that never saw the light of day. But what am enriching experience working with him. Heard so many BTS stories of Don. I sided bunk college and assist Chandraji. Remarkably sharp… — kunal kohli (@kunalkohli) July 20, 2025 Chandra Barot's journey in cinema began under the mentorship of actor-director Manoj Kumar. He started his career as an assistant director on several Hindi classics, including Purab Aur Pachhim (1970), Yaadgar (1970), and Roti Kapda Aur Makaan (1974). In addition to Don, Barot directed films, including Bengali film Aashrita (1989) and Pyar Bhara Dil (1991). However, some of his projects, such as Hong Kong Wali Script and Neil Ko Pakadna… Impossible, were shelved and never made it to theatres.
Pink Villa
4 days ago
- Entertainment
- Pink Villa
Amitabh Bachchan's Don director Chandra Barot passes away at 86: Farhan Akhtar, Kunal Kohli pay tribute
Veteran filmmaker Chandra Barot passed away at the age of 86. He left for a heavenly abode in Mumbai on Sunday. Best known for directing the 1978 cult classic Don, starring Amitabh Bachchan, Barot was undergoing treatment at a hospital in the city. Chandra Barot was battling a health condition Chandra Barot, who was admitted to Guru Nanak Hospital in Bandra, died due to a health condition. According to a report by The Times of India, Chandra Barot's wife, Deepa Barot, confirmed the news of his demise. She shared that the late filmmaker had been battling pulmonary fibrosis for the last seven years. Farhan Akhtar and Kunal Kohli offer condolences Farhan Akhtar took to Instagram to share a few pictures of Chandra Barot. One of them features Barot with Amitabh Bachchan. The old picture is presumably from the sets of the 1978 film, Don. Akhtar penned a heartfelt note for the late filmmaker. "Saddened to learn that the director of the OG Don is no more. RIP Chandra Barot-ji. Deepest condolences to the family," he wrote in the caption. It is worth noting that Farhan Akhtar directed a modern adaptation of Chandra Barot's original film, Don, also titled Don, in 2006. Filmmaker Kunal Kohli also paid a tribute to Chandra Barot on social media. Kunal recalled working with him as an assistant director in a film, Boss, which was never made. In his tweet, Kohli called Barot a 'remarkably sharp man' and a 'lovely person'. The Hum Tum director also remembered his interaction with the late filmmaker. "Chandra ji RIP sir. The only director I assisted. Not in Don. For a film with Vinod Khanna called Boss that never saw the light of day. But what am enriching experience working with him. Heard so many BTS stories of Don. I sided bunk college and assist Chandraji," he wrote in his tweet. "Remarkably sharp man. Lovely person. Has very enlightening and fun chats with him. Thank you sir for giving us #Don indian cinemas most stylish films to date," Kohli added. Chandra Barot's work front Apart from directing Don, Chandra Barot is remembered for his association with the late veteran actor Manoj Kumar in the 1970s. Barot worked as an assistant director on films such as Purab Aur Pachhim, Yaadgaar, Shor, and Roti Kapada Aur Makaan.
Mint
4 days ago
- Entertainment
- Mint
Chandra Barot passes away at 86; Farhan Akhtar pays tribute to ‘OG Don' director as condolences pour in from Bollywood
Chandra Barot, director of Amitabh Bachchan starrer Don, passed away today, July 20, at 86, after going through pulmonary fibrosis for the past seven years, his wife Deepa confirmed to TOI. He was admitted at Guru Nanak Hospital. Condolences have poured in from the Indian film industry. 'Saddened to learn that the director of the OG Don is no more. RIP Chandra Barot-ji. Deepest condolences to the family,' Farhan Akhtar, who is helming Don's third installment, said. Director Kunal Kohli posted on X, 'Chandra ji RIP sir. The only director I assisted. Not in Don. For a film with Vinod Khanna called Boss that never saw the light of day. But what am enriching experience working with him. Heard so many BTS stories of Don. I sided bunk college and assist Chandraji. Remarkably sharp man. Lovely person. Has very enlightening and fun chats with him. Thank you sir for giving us #Don indian cinemas most stylish films to date. #ChandraBarot.'
Fibre2Fashion
5 days ago
- Business
- Fibre2Fashion
Boss opens flagship store on Barcelona's Paseo de Gracia
BOSS has opened a new Barcelona store on the city's emblematic Paseo de Gracia. The expansive, light space of more than 1,000 square meters, located in one of the city's most exemplary 1960s architectural works, offers a wide selection from the BOSS Menswear, Womenswear, and Kids collections, alongside shoes, accessories and fragrances. BOSS Store Paseo de Gracia will honor Barcelona with its opening event theme and in-store décor inspired by the city's iconic 'flower of Barcelona' motif, better known as 'panot'. Welcoming visitors, the panot can be seen both in large 3D figures, in the lighting design, and the store's window displays. The design concept creates a visual approach that reflects the brand's aesthetic direction in exquisite tailoring, functional sportswear, and elegant casual wear. Boss has opened a 1,000+ sq m flagship store at 84 Paseo de Gracia, Barcelona, showcasing menswear, womenswear, kidswear, and accessories. Inspired by local architecture and design, the store features a vertical garden, natural lighting, and lounge zones. It also offers Made to Measure tailoring, digital style guides, and hosts events in an elegant, modern space. The open-plan space features local design elements both in its structure, and in the furniture and art pieces that decorate the new BOSS Store Paseo de Gracia. A central wall running along the ground floor reinterprets the 'Catalan vault', with a modern vertical design of this traditional construction paying homage to the architectural heritage of the region. An onyx piece contrasts with the vertical vault and wall of the entrance floor, establishing a connection to the city's rich architectural legacy. 3D terracotta celosia breeze blocks throughout the store seamlessly blend contemporary design with timeless materials. A vertical garden at the back of the store brings a vibrant touch to the design, reflecting the city's green urban landscape with the integration of a curated and locally inspired selection of plants to create a natural atmosphere. With skylights and glass facades overlooking both Paseo de Gracia and the vertical garden, natural light plays a key role in lighting design. An oak structure suspended from the ceiling in the central part of the store extends over more than 30 square meters with a lighting system that brings a sense of continuity and natural warmth to the space. On the ground floor, the BOSS Made to Measure bespoke tailoring service area provides the perfect atmosphere for personalized consultations and expert advice. Interactive touchscreens showcase the brand's new campaigns and videos, as well as BOSS style guides, allowing customers to discover all the details of the brand's collections and receive styling recommendations. The spacious and cozy lounge areas with armchairs invite customers to sip complimentary drinks, relax and rest while shopping, and enjoy the BOSS experience in a comfortable, elegant environment. Moreover, these zones play a key role in building community and hosting in-store events, offering enough space for guests to enjoy catering or a DJ session. From July 16, BOSS offers its sophisticated and modern men's and women's collections at 84 Paseo de Gracia, providing fans an elevated visitor experience while shopping impeccable 24/7 looks with a focus on quality and design. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (RM)
