li lululemon a favorite of yogis. athletes everywhere selling everything to everyone from vidindividuals to sports team. it's the fight of the athletic champions. in the ring lulu lemon takes on under armor. pinning high-end yoga pants against the ultimate job gear. as lululemon and underar more take aim for each other's sweet spots. lulu wants men and underarmor eyes the ladies. sizing up the competition, lulu sells yoga wear in 226 stores and on the web while underarmor athletic web is sold by over 25,000 world rhee tailors worldwide. ua stores and on-line. last holiday quarter, lululemon's direct to consumer sales increased 56% while underarmor's grew at about half that rate. but in the most recent quarter underarmors net income packed a powerful punch up 27% year over year and lulu dropped 2%. lululemon racks up one of the highest average sales per square foot in retail but still getting over the see through pants problem and look for a new ceo. ceo. under armour president is the chief executive as they look for g

let's turn to the extraordinary lululemon story. you're a former employee of lululemon.y chip wilson is not great with talking about women, which is bizarre, he was running a company that catered almost exclusively to women. >> no, he really shot himself in the foot with the comments this he made, and also, the apology that he issued, wasn't really an apology, not i'm sorry for isolating groups of customers or body shaming women, i'm just sorry i said something stupid and that my company is going to suffer the consequences. >> now, you worked there. let's listen to what he had to say first of all, which wasn't really an apology. listen to this. >> some women's bodies just don't work for it. it's about the rubbing through the thighs, how much pressure is there over a period of time. >> that obviously wasn't the apology. that was the offending comment and all it's ingorous nature. you worked there. was it actually the realty? was there a policy by the stores, the lululemon stores to detour larger ladies from coming in? >> well, the story worked at, lululemon makes a size 1

courtney regan has more. >> reporter: finally, lululemon name answer new ceo. it's been six months since chris tine day said she would retire her post as ceo once a successor was found and just in time for christmas, the retailer announces tom as president and will step into the top spot at lulu. >> i'm incredibly lucky to be involved and lululemon is on it's way. >> reporter: it's not just the ceo seat rotating. the controversial founder chip wilson is resigning his post as chairman but will remain on the board. he made comments suggesting women's bodies may be the issue behind the pants problem that led to a recall of the 72 plus dollar yoga pants. the shoppers appear to have forgiven the retailer but questions remain about lulu's management. he was with snow board company burton for 15 years, both are privately held. he's not well-known by wall street and as a result, the hiring announcement is getting mixed reviews. >> christine day had a great retail sensibility and i think did a fabulous job doing that, but didn't have the background from an operation l p

is,nd the point here lululemon is in trouble.they cut the annual profit forecast back in september. they sell high-priced items when the economy is not doing that well. a bigger issue. >> the competition -- sweaty betty from the u.k.. >> i never heard that. pants for four dollars at t.j. maxx. >> trish regan, ceo killer. she is vicious. >> behind that smile. >> we will take you on a field trip to sweaty betty. >> we will move back to the series events, in remembrance of nelson mandela. us from bloomberg television south africa. the pageantry of the memorial service is different from the funeral service. explain the distinction between the two services? ofessentially, millions south africans wanted to attend some kind of service. this is why it was always known from a very long time ago that they would have a official state funeral and also a memorial service were many could attend. this is why it is happening in soweto, an important place. this is where nelson mandela was born. it is at a soccer stadium. 95,000 capacity. it is no

how the chairman of lululemon got canned for suggesting the size of women's thighs were the real problem with his yoga pants. >>> the pop culture lead. where is the next band-aid? do today's artists know it's christmas? >>> good afternoon, everyone. i'm jake tapper. welcome to "the lead." we begin with the politics lead. the expectations are low and the stakes are high. that usually translates in this town to pretty much nothing getting done, but in what you might call a festivus miracle, it appears that congress could possibly, possibly be on the verge of its first budget deal in two years. it's not the president and speaker boehner dealing here. it's top republican congressman paul ryan and democratic senator patty murray behind this latest agreement that would set government spending levels and replace the automatic cuts set to take effect next year. so what's notably missing? well, major concessions from either side on issues like medicare and medicaid or unemployment benefits. and yet there are still legitimate concerns that this not so grand bargain will not cut the mustard with ha

i'm sad for the repercussions of my actions and the people of lululemon who had to face the blunt of all that has occurred and the impact that it's had on you. >>arlier, on the lead i spoke with assistant managing editor at "fortune magazine" and asked her about wilson's comments. >> we've seen this before in some executives, especially, i think founders and entrepreneurs tend to be, let's justay, quirky sometimes. it's not uncommon. but i think the right thing to do is move him out of the scenes, and puin someone who can run this business. i mean, this company ibig and it's important and nowhere near the size of the company when he founded it. he's long ago, you know, been in the behind the scenes but now this is really making it official. i think it's important. i think that lululemon's customers and shareholders need to see ts happen. >> wn i first heard the comment he made about women's thighs and you need a certain thigh, not a fat thigh to be the right person for a lululemon pants, yoga pants, i thought, boy, this guy doesn't know who his consumerare. >> exactly. this plus the

we'll speak to a retail analyst about the future of lululemon. a leg up on the trading day. you can go to our page at squawk.cnbc.com. sign up for today's top stories, news and water cooler stories we'll be talking about here on "squawk." we're back in a moment. hmm. mm-hmm. [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now -- but hurry, the offers end december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease the 2014 ml350 for $599 a month at your local mercedes-benz dealer. [ male announcer ] lease the 2014 ml350 in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. a confident retirement. those dreams, there's jus

i'm sad for the repercussions of my actions and the people of lululemon who had to face the blunt ofresponsibility for all that has occurred and the impact that it's had on you. >> earlier, on the lead i spoke with assistant managing editor at "fortune magazine" and asked her about wilson's comments. >> we've seen this before in some executives, especiallily, i think founders and entrepreneurs tend to be, let's just say, kwaurk ki sometimes. it's not uncommon. but i think the right thing to do is move him out of the scenes, and put in someone who can run this business. i mean, this company is big and it's important and nowhere near the size of the company when he founded it. he's long ago, you know, been in the behind the scenes but now this is really making it official. i think it's important. i think that lululemon's customers and shareholders need to see this happen. >> when i first heard the comment he made about women's thighs and you need a certain thigh, not a fat thigh to be the right person for a lululemon pants, yoga pants, i thought, boy, this guy doesn't know who his cons

those yoga pants at lululemon are $100.e meantime, you also have the ceo stepping down and the new ceo coming in who came from lbma, also thom's shoes and louis vuitton, so has a lot of obvious experience, but there is some transition going on in this particular company. back to you. lori: thank you so much, nicole. we'll see you soon. overall, markets are trading lower here, investors starting to lock in yearly gains. is the santa claus rally coming to an end? i don't know, because we are seeing some late session buying here. let's get to the bottom of it with our floor show, traders at the new york stock exchange, the cme group and the nymex. so jonathan corpina at the new york stock exchange, to you first. what are you seeing, there's some momentum building, correct? >> we had some economic data that rattled our market a little bit, normally not earth-shaking news, but it seems like in this market has been fragile lately, and investors have been looking for opportunities to take profits off the table. that's what we saw

lululemon as you know makes high end yoga wear among other things and has a loyal customer base among many. but that loyalty was severely tested when he said some women's bodies don't work for yoga pants. the company had a problem earlier with see-through yoga pants since corrected on the anatomies of some of the women buying them. >>> you may recall awhile back we asked the international space station for help in taking a picture of a house in australia which is the current record holder for christmas lights. we figured it would be visible from space. so we asked the professionals. the good news is, they have found the neighborhood in question during a daytime orbit overhead, and we are hoping now their nighttime travels will show it in its full wattage and christmas glory. our thanks to our photographry department for taking the talk request. >>> "time" magazine still does a good job drumming up interest for the person of the year. somebody who for better or worse has the most impact on the world in the news this year. case in point, tonight they have told us of the five finalist na

lululemon is making changes at the top after months of controversy. founder and chairman chip wilson is stepping down. c-e-o christine day will be replaced by laurent po-dev-in, former president of toms shoes. lululemon is hoping the new leadership will help the brand expand globally and put a series of quality issues and other gaffes behind it.but will investors follow? david johnson of strategic investors says it's going to be a long, but necessary process that starts with building trust with former customers. "what they're going to be looking at, and it's going to take a while, is: how is the company moving forward, how is this new management working? and they have to demonstrate in their reports to investors, in new initiatives they're announcing, that they are moving forward, they are getting past this, and they have a more cohesive team now that these changes have been made." johnson said that before the new team makes changes, leaders need to issue a formal apology for past mistakes. wal-mart promotes another insider to a top spot. david cheese

shareholders take lululemon to court over the company's sheer yoga pants. in its filing, a florida pension fund accuses the athletic wear company of trying to hide defects in the yoga pants and simply hoping consumers wouldn't notice the problem. in its response, lululemon says it is implausible to believe that, and that it worked (quote) in real time to recall the pants. ford is celebrating mustang's 50th birthday with a makeover. the automaker's challenge was to keep the look of the iconic car while adding fresh updates. the new car is sleeker and lower, but includes the old logo and grille. the current model is offered at $23 thousand dollars. prices for other models, including a convertible version, are not yet available. slow sales are forcing general motors to shift focus away from its chevy brand in europe. it will instead target opel and vauxhall cars to bring back profits. analysts say the switch is an about-face for g-m, which intended to make chevy its primary european brand. but with sales trickling in at 200-thousand a year, targeting better-se

and finally, i saw that the co-founder of lululemon -- you guys know lululemon, you know -- >> audiencestep down after he caused outrage when he said that some women's bodies don't work for his company's yoga pants. [ audience oohs ] yep, he offered an apology, but like most things at lululemon, customers could see right through it. [ laughter ] we have a great show tonight. give it up for the roots, everybody! ♪ [ cheers and applause ] >> jimmy: we've got a fun show tonight. a great show. he is great in "inside llewyn davis." he is back hosting "saturday night live" this weekend. my man! john goodman is here! [ cheers and applause ] oh! she's one of my favorite actresses on tv. she stars in one of the biggest shows on tv, "downton abbey." lady mary. michelle dockery is stopping by! [ cheers and applause ] love her, so fun. >> steve: we love her. >> jimmy: and michelle and i are going to play a new game tonight that never been played before. it's called antler ring toss. there you go. and we have music, as i said earlier. we have great, great music. we love -- every time they come on, i

. >>> to leadership change of a different sort at lululemon. founder chip wilson is leaving over controversial statements. he said that some women's bodies don't work for lululemon's pants. >>> twitter has made some tweaks to its mobile apps. it's easier to send direct messages with an icon on the home screen. you can send photos and direct messages. twitter opens it will make it the choice for one-on-one messaging and pick up more users. >>> and a 54-year-old is giving the kids a run for its money. >> the barbie doll was the most toy ordered by retailers. shipments were up 6% this year, which means stores expect an increase in sales. >>> when we come back, what a catch. a marine decides to go fishing. he reels in something he never expected and maybe never get a again. >>> a 6-year-old boy suspended for a classroom kiss. why some are saying that the punishment just goes too far. ♪ [ male announcer ] even well-planned holidays can wind up at the corner of "stockings are stuffed" and "quick -- duck!" luckily, walgreens is always nearby, so it's

>> good news is lululemon is releasing earnings on thursday. news is we don't know the fallout and how we can correlate that to what might have happened with the shift in market share. we know their growth is slowing a bit but customers are resilient, forgiving the retailer because it came out and said, hey, we made a mistake, recalled the pants. whether wall street believes it or not, at least the customer has been pretty loyal. they keep coming back and spending an awful lot of money on that yoga wear. >> lulu is one of the companies you mentioned was having trouble with succession, finding that next ceo. does that imply this choice investors should read as one that's a little more risky, perhaps? >> it's hard to say. we haven't seen a huge reaction in the stock price all day long. it gave up some ground. i think frankly wall street analysts aren't sure. we don't know much about him. yes, he came from a sports background, but the companies were privately held. who knows how he'll deal with a very publicly traded retailer like a lululemon. he

meant for a lululemon's yoga pants, that upset a lot of people out there. and his apology was half hearted at best. so he is stepping down as chairman and investors and customers like that news. the lululemon shares right now are up by 1%. >>> market had some modst gains yesterday. let's see how it's doing this morning. another pretty quiet day on the economic front. dow dropping 22 points, nasdaq is down by 4. s and p is moving lower by 12 points. >> thank you. >>> 6:45 now. busy day in traffic. liz? >> okay thank you guys, and we do have a new injury crash now coming in. this time in fremont. northbound 880 by that thornton avenue exit. one lane is blocked and we're seeing a little bit of slowing but mostly in the southbound direction is wait looks like, the -- what it looks like, the accident though is northbound. if you're continuing northbound for the morning drive, this is oakland and starting to get more crowded in lanes but so far no delays. between 238 and the mcarthur maze. and hey much better news now in hillsborough. san mateo county. we have re

lower. >> reporter: what a stretch it's been for lululemon.rch for a ceo was over but surprising everyone by naming laurent potdevin and today announcing while the third quarter is relatively strong, guidance for q4 uncharacteristically negative she tried to say. the revenue of nearly $380 million also stronger than expected. wall street focusing on lower consensus guidance. outgoing ceo christine day nowhere to be found on the conference call today, which would have been her last. cfo john curry led the conversation. curry noted a very soft start to the fourth quarter, including a slowdown in traffic in the stores. he echoed concerns about the macro execution issues and pr issues have been numerous recently. we had the sheer pants problem in march that continued for a couple months. today's resignation that surprised the street and chip wilson's comments and he has stepped down from his position but will reman in on the board. forecast for the fourth quarter not looking optimistic. >> bob pisani, they say they're getting closer on hlt? >> my

it's a brilliant marketing because lululemon was seven straight quarters.ted in yoga and didn't know yoga existed. you have only 5% of the u.s. population to practice yoga. you don't need to know why to spend $90 on a pair of pants. charles: do you do yoga? >> i'm wondering if the trend of naked yoga. charles: with those crappy pants, for full disclosure, i took one course and i can tell you right now i had to stop. it wasn't meant for me. but, realistically though they've had a whole bunch of negative things happen. at least the guy who founded the company, he stepped down and that's a brilliant move. besides the gimmicks how do they get people interested in the products? >> the window was interesting. and they're fanatical about it, the people on facebook, and i talked to the store associates and asked if they had a men in there, with the yoga positive. show men why they need this brand in their life and showing the window and hoping to bring the men into the window in a couple of months. >> they've got styling clothes, the clothes are hot, sexy, really n

shares of lululemon right now, down about 6 cents. let's get over to andrew with more of today's stop top stories. good morning. >> thank you, becky. as joe was mentioning earlier, hilton worldwide will begin its first day of trading. >> hey, "squawk box." that's hot. >> thank you very much. you're pricing at $20 a share. that's the high end of the expected range. the offering raises more than $2.3 billion and it's trading under the symbol hlt. >>> boeing's machine is proposing a contract to keep future 777x wing production in washington state. boeing is expected to respond to that latest offer later today. >>> and home depot is reportedly offering same day delivery. continuing with amazon in some new odd way. the retail giant planning on spending $300 million on supply chain and technology improvements in california, ohio and atlanta. we're going to be getting a comment on the new strategy from home depot co-founder arthur blank who is joining us tomorrow at 8:40 a.m. eastern time. joe. >>> facebook will be getting more friend reques

and let's not forget lululemon. >> you know i love lulu. stuart: i know you do. and we're in business this monday morning for 41 minutes and we're down and the theme of the day is the on-line selling. fast food workers across the country are planning strikes? 1 is -- 100 cities. they're demanding 15.15 an hour. is this the new american way? reminds us of this. >> lousy teachers trying to palm off our kids on us. >> and they're management and so they can be happier and more productive. >> lisa if you don't like your job, you doesn't strike. you just go in every day and do it really half bad. that's the american way. so ally bank has a raise your rate cd that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. >> paul walker, star of the france franchise "fast and the fur

. >> the founder of lululemon is stepping down.hip wilson agreed to give up the seat after being criticized for comments he made about his customers. in a recent tv interview wilson said lululemon yoga pants just don't work for some women's bodies, unquote. he's promising to resign before the company's annual meeting in june. meanwhile, on wall street, shares of the retailer fell 42 cents to $69.99 a share. >>> as the snow melts, it will freeze tonight and become a slippery slope on sidewalks, steps and driveways. >> liz crenshaw is here with the best way to protect your pets from the toxic chemicals and the cold as well. >> treating the ice is much different than treating the snow. the maryland cooperative extension service suggests using three types of deicing salt, either magnesium chloride, calcium chloride or potassium chloride. those will all help you melt. all those can damage concrete and mortar between bricks and also damage your plants. so the extension service recommends using only a thin coat. if it is thick ice, add a

lululemon down 10% in the premarket.ges with the new ceo but it also announced results. fourth-quarter outlook as investors worried. fourth-quarter earnings per share more fourth-quarter revenue, fourth-quarter comparable sales all trail analyst estimates. the controversy surrounding founder chip wilson's comments and there is no competition from the likes of sweaty betty -- >> they didn't want me to wear my lululemon pants. >> you know what, i don't want you -- >> product delays, also. >> we will have more on this later on. shares down almost 11%. >> futures at negative one here. the in new york, 'tis season, particularly on 57th street. your fancy watch store as we begin our gifts in gotham moment here, as we do each year. they're authorized to sell you the real rolex and the collectible [indiscernible] others beware -- between the fake rolexes and the chinese watch industry -- the director of taking my money -- i ignore his store like the plague. how have the chinese changed your business? >> they have had a tremendou

a lot of guys outside lululemon. what is that? hmm. doesn't matter.e need to see who the new ceo will be there and we need to see that this ceo will run the joint for a while before i get comfortable. i've got to see a couple of quarters. and that's because the incredibly good christine day has announced she's leaving, but we don't know why. sorry, that worries me. she's that good. by the way, i would buy the stock of any place she goes, even jc penney if that miracle would ever occur. but otherwise i'm going to pass lulu, too dicey for this guy. finally on friday, something we ought to be remembering. and we get a number that might help keep interest rates down, although not aggressively anymore, and that's the producer price index. we have zero inflation in this country, we're going to get a zero on that number. and i think when people see that, maybe they'll remember that stocks do well when there's low inflation. as someone who hates equities when inflation is raging, i like stocks when inflation is tame. so does the fed. watch this number, don't

look, he founded lululemon, which has grown into a big company.owing pains. he's been one to really not shy away from saying crazy things. one thing he said in 2004, he chose the lululemon because it has a lot of "ls" in it. japanese people couldn't pronounce the let "l." and that makes it exotic to them. and it's funny trying to see them say it. >> that's a joke, right. >>> a whole lot of drama around yoga pants. >>> a u.s. citizen is jailed in the united arab emirates for eight months after a youtube video that he just wanted to be funny. now his family is demanding his release. >>> and elian gonzalez all grown up. you remember that of course. now he is talking to cnn and taking on the united states. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. i'm bethand i'm michelle. and we own the paper cottage. it's a stationery and gifts store. anything we purchase for the paper cottage goes on our ink card. so you can manage your business expenses and access them online instantly

lululemon now a new ceo therefore lululemon. now succeed and take the top role.will happen in january. connell: thank you very much. president obama shaking hands with the leader of cuba at that memorial for nelson mandela. over in south africa earlier today. is it a sign of any kind of potential relations between the two? the fact he took time to do that. joining us is "forbes" editor. we were already on the air. twitter started lighting it up, people cannot wait to get to their phones that they shook hands. my initial reaction and i think it is still my reaction, it is not that big of a deal. what with the president's other options? just greeting everybody that was up there. what could it mean? speak of the presidents are very scripted, the idea he would shake hands with raul castro without its meaning something bigger might be somewhat of a reach. overall this is a great, great thing. cuba for the longest time has been the third and fourth grade power going back to the 1950s and '60s. the fact we have made cuba an enemy needlessly elevated a country and a pers

we will tell you why coming up. >> we also have new information on the ceo of lululemon stepping downlso have the updates for the nsa about spying on gamers. >> on welcome back. it's happening now, fire crews are still on the scene of their recycling warehouse fire. this is happening at the recology recycling warehouse in san francisco. that is where we find yoli aceves. >> they will come over here and dump any thing-that i am not sure when they will reopen. but i will show you what happened overnight. it was about 8:00 p.m. this fire broke out. firefighters responded to a building alarm and when they came over this of this warehouse was up in smoke. they were able to get in here and maintained the fire. it never spread outside of the warehouse but it was quite a fight because they had so much debris inside. it was a lot of the break, that brought here for a very long time. they just left, if they were trying to get out some of the hot spots because of all the stuff that was piled inside. they were able to finally put this out and clean up. at this point, it is still under investigati

. >> the founder of lululemon, he epped out of the picture and said, i've been doing a terrible job forhe sake of the integrity of the business i created. but this is the guy who said women shouldn't wear -- >> right. but bottom line, is this really going to work? you have to bring new management in. say we blew her out, like the president fired her, and he brought in another chief risk officer, and this thing is not going to work. it doesn't add up. the notion that you can basically force people to put guns to people's heads and do certain things -- >> it's not working! >> do you think it's working? do you think it actually works? we are down about 6 million health care policies, that's how many americans have lost their health care insurance. we have to make up that ground under a goal that was supposed to be about providing health care coverage for everyone. we have 6 million viewers without it. so when does this mass turn in your favor? >> so i think it's working and it's working poorly. >> that's not what i asked. when do you think it turns to your favor? >> the next 12 to 18 month

. >>> shares of lululemon taking a big hit today, but two traders on the desk are buying it anyway. should you? >>> and it's an age-old rivalry with fans who passionately defend their favorite -- coke versus pepsi. buffalo wild rings is changing teams, booting coke in favor of pepsi. which will go better with the portfolio? we'll debate that and much more just ahead. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. >>> welcome back. lululemon under pressure after the company issued a cautious outlook for the critical holiday shopping season. let's get a realtime trade from dr. j and mike murphy. you guys like what you saw today, because no one else did? >> no, i like the value that i'm getting down here, judge. with the new guy coming in, we talked with shaun white yesterday. this is the guy that came in from burton, the snowboard place, in other words, hipster stuff. he was also at louis v

a new ceo at general motors, a new ceo at lululemon. saying a taper in december is increasingly likely in his view after some comments that bullard made yesterday and the argument that certain tests for the fed have been essentially met here, jim. >> well, i don't know. 2.8 2 on the 10-year. maybe the economy is a little weaker. that's certainly not saying taper. >> neither is the dollar or gold. >> i'm not going to get involved in taper. i don't care anymore. to me it's earning, no earnings. that's what's going on, that's how the market has changed. i see ge down, ford down, europe is down and these companies are now regarded as international companies. i think gm is a great opportunity to buy. the taper/no taper i've been saying on "mad money," taper/no taper. you want to try to make money? focus on companies. bob olsteen, excellent interview. >> some companies giving guidance. texan did narrow their guidance. they saw 44 to 48 new guidance, previous 42-50. >> micron, a quarter ahead. cypress, it a situation people criticized for stic

. >>> lululemon's founder and chairman out the door.le but he had made some controversial comments earlier this year. >> exactly, the saga of course at lululemon continues. the company's founder and chairman, chip wilson, he is stepping down after an uproar over these comments that he made critiquing the customers' bodies. what he said with respect to to that controversy over the sheer workout pants was that, frankly, some women's bodies just don't actually work for the pants. it's really about the rubbing through the thighs, how much pressure there is over a period of time and how much they use it. to me, chris, as a lulu customer, i can tell you that criticizing the customer, not okay. >> i don't care who you work for, not a good idea. cnbc's jackie deangeles, thank you. especially when it comes to women's thighs, leave it alone. >>> we all have our pet peeves stuck on an air lean. expedia is out with its great new survey about the most annoying airplane etiquette violators. number five, chatty kathy, number four, the boozer, third, l

if you look at the ones we are was oneabout, lululemon of them and it suffered.motional in the words of retail. things were marched down, but not very much. the other one is buckle, they have their own merchandise. one analyst used a pull strategy. it put stuff out there to see what works and at what price point. anthropology is owned by urban outfitters. is also not really a lot of discounts there. ugg boots was another name that came up. the cold weather created demand for this merchandise. there are some out there. show.were talking on the maybe one sign for 75% off. the stuff you want to buy is not 70% off. specialty retailers are where we see the broad discounting. for some of these retailers, it has really worked. expressst margins -- urban outfitters is tough to break out because it is the biggest part of the company. the ones there that are impressive. by 23% in the last quarter and others have been mixed. >> good info. the christmas shopping season winds down, the return season is kicking in. it looks like there will be a lot of returns this year. they a

let's take a look at lululemon. today down a half a percent at 69.97 as we speak.atching lululemon shares, change in the leadership, also notable the founder will be resigning. the new ceo coming in, certainly a lot of experience and plans to expand globally. back to you. lori: it is time to make some money with charles payne. looking at a rail car manufacturer. charles: i'm trying to get a little conservative. one of the things i'm looking at is a company that hasn't necessarily done well for whatever reasons, the railcar business has been okay, some of that is changing in part because of the fleet and technology and different uses of gas transportation and things like that. it is on the cusp of doing something really big. missing earnings the september quarter came in line trading at one time spoke less than one time sales. we want to convert the shorts into buyers. wrapping up the fiscal year earnings estimates. three months ago they were at $0.92, so the stock is actually breaking out today on really fantastic volume, the stock looks phenomenal to me as a growt

the founder of lululemon is stepping down as chairman. we will tell you more about the yoga pants maker. chip wilson will be replaced. christine day will depart as expected and will be replaced. a lot of changes going on. because of all of the controversy over the sheer pants. >> in their defense, it has been a massively growing company. hi, short interest. questions about inventory. the scandals about the comments from the ceo. of they a classic case could have handled it much better once they made the misstep. instead, they stumbled, they took too long to repair the situation. as you say, the founders founder's comments were not listen to hear for some women. fish stinks from the head. problemnot beinthe lulu anymore. >> we're going to go inside ups these next two hours. >> carol massar has been working on this special for quite a while. -- is probably the biggest day of the year for the world's largest packaging company. carol massar is in the thick of things. hubis at their massive called world port. how's it going down there? >> it i

lululemon shares are dropping after higher earnings on thursday, but a weaker outlook for the year. net income for the company rose 15 percent, beating estimates. it lowered its sales outlook for the year, anticipating fallout from product problems and comments from founder chip wilson, who stepped down as chairman this week. shares fell more than 11 percent thursday. hilton booked plenty of investors on its first day of trading...after the stock priced in wednesday at $20-- shares locked in 7% in gains thursday wtih the stock closing at $21.50. the worldwide hotel company has a market cap of $2.4 billion. it is the third largest ipo so far this year. also on debuting stock on thursday: kindred biosciences.the biotech companies stock priced at 7 dollars and surged to $11.95 gained 70% and food service company-- aramark--had an ipo that priced at $21 and bounced to $22.70 good for a 13% run. obamacare enrollment has hit the one million mark - and may have a later deadline to sign up. on thursday, the obama administration said it may extend the deadline to december 23. it's asking ins

hip olson of the of lululemon, and i'm glad i said lululemon, but when the founder of lululemon saids bodies just don't work if their pants. there was an outcry. we outcried a little bit here on the show and wilson stepped down. >> ridiculous. women's bodies have never worked -- >> what about the backlash against fit mom. not what she said, but seven to one the negative comments. thousands of negative comments, because she was in great shape. why can't she be proud, like a woman can be proud of their body? why can't you have both? >> she didn't say, i'm proud, she said, what's your excuse. that's the difference. >> but for some people, that would be inspiring. for others -- >> if i spent six hours a day working out and doing ab exercises, i might look like -- >> you look good! >> no -- >> especially not eight months after giving birth. my experience as a nursing mom was skinny cows don't give milk. i know the stories, if you nurse, you'll lose -- not for me. >> i did see at least one tabloid poke fun at prince william's hairline, like, equality. i love that he's bravely going bald in

. >>> lululemon reported higher than expected earnings today but it put a damper on results. the apparel maker struggling since the see-through pants debacle in march, a great story of the year, said store traffic slowed. the news was disappointing to investors.p,z-shares plunging, 11.5% to $60.39. >>> sianna went into the minus column. the company blamed the miss on telecom customers like at&t and ver ri verizon. shares at $21.31 the close there. >>> aetna will not reinstate plans it cancelled that did not meet affordable care standards. the ceo said it doesn't have number time to go through the regulatory processes to extend or renew the plans. last month, president obama said insurers could extend plans that didn't compile with the aca temporary after hundreds of thousands of americans found out they could not, could not hold on to their existing plans. aetna $65.14 the close. >>> cisco, the company cut earnings and revenue targets because of trouble in emerging markets, tightened consumer spending and lagging network equipment business. the announcement was a more detaile

express five below in lululemon. i don't think that ski's should be fired but they could forfeit.e a hunger games for ceos. may your earnings be ever in your favor. >> my goodness gracious. >> that's a couple of thoughts. we already talk about companies being held to quarterly performance. perhaps the last thing corporate americans could do is follow the same past. >> we are talking about yes, it is a business but it is a game in the end. it's very hard whin you're dealing with as many employees and payrolls. >> i really think i just like to say you had a bad sale quarter. >> do you think things are getting more short termish? >> maybe there is -- there could be a lesson here. you look at the nfl. these five coaches didn't make the playoffs. you don't make the playoffs, you can get clipped. a lot of times the owners don't have the backs of the coaches the way that the boards have the backs of ceos and chairman. >> maybe the boards should be held to more accountn't as well. >> you have a business psychle and you have a football season. you blow a season, maybe you should get fired.

>> well, you know, we reached out to lululemon. we haven't heard back.ush, hush about this. all they're saying chip wilson decided to resign effective next summer. obviously, these comments did not help. they're hugely controversial comments. he's known within the company as being somewhat of a loose cannon. after those see-through yoga pants were recalled earlier this year, he effectively blamed the customers. here's what he said, and i'm quoting exactly. he said, some women's bodies do not work for it. it's really about the rubbing of the thighs and how much pressure there is. obviously, a media fire storm ensued. he did apologl -- apologize. >> the rubbing of the thighs. yikes. zain asher, thank you. >>> and we roll on, hour two. i'm brooke baldwin. thank you so much for being with me. first, i want to get you up to date on this family who decided to head out to this remote part of nevada to play in the snow. the thing is, they have not been seen since. now, as it is bitter cold and temperatures are dropping, this frantic search is underway to find th