Gender pay gap for US soccer players is ‘untenable position,’ top sports agent Casey Wasserman says

“It’s an untenable position for U.S. Soccer,” said Casey Wasserman on CNBC’s “Squawk Box ” from Sun Valley, Idaho. At the parade Wednesday celebrating the most recent championship by the women’s team, players led the crowd in chants of “equal pay.” The men’s team has never won a World Cup and failed to qualify for the most recent tournament in 2018. “The fact that we’re talking about it and that they have to win a World Cup to really make it a thing is crazy. World Cup revenue for U.S. Soccer co


“It’s an untenable position for U.S. Soccer,” said Casey Wasserman on CNBC’s “Squawk Box ” from Sun Valley, Idaho. At the parade Wednesday celebrating the most recent championship by the women’s team, players led the crowd in chants of “equal pay.” The men’s team has never won a World Cup and failed to qualify for the most recent tournament in 2018. “The fact that we’re talking about it and that they have to win a World Cup to really make it a thing is crazy. World Cup revenue for U.S. Soccer co
Gender pay gap for US soccer players is ‘untenable position,’ top sports agent Casey Wasserman says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: jesse pound
Keywords: news, cnbc, companies, world, untenable, pay, gap, soccer, position, agent, mens, casey, paid, womens, team, cup, gender, players, wasserman


Gender pay gap for US soccer players is 'untenable position,' top sports agent Casey Wasserman says

The CEO of one of the country’s biggest sports agencies told CNBC on Thursday that the pay gap between the men’s and women’s players for the U.S. national soccer teams is shameful and cannot last.

“It’s an untenable position for U.S. Soccer,” said Casey Wasserman on CNBC’s “Squawk Box ” from Sun Valley, Idaho. “They should be paid absolutely equally as the men, period. I don’t know why it’s taking so long. I don’t even know why it’s a conversation.”

As the U.S. women’s national team completed an undefeated run to its fourth World Cup title, the players continued to speak up about their lack of pay relative to the men’s side.

The team sued the U.S. Soccer Federation in March, alleging gender discrimination. The lawsuit said that if the men’s and women’s teams both played a similar 20-game schedule of nontournament “friendlies,” the women would be paid just 38% of what the men would make.

The lawsuit also alleges the federation paid the men’s team roughly four times more in bonuses for the 2014 World Cup, when the men lost in the Round of 16, than it paid to the women’s team for winning the 2015 World Cup. According to documents obtained by The Guardian, the current labor agreements with U.S. Soccer would pay each member of the women’s team about $260,000 for winning a World Cup, compared with more than $1.1 million for each men’s player.

The team and the federation agreed to mediation in the lawsuit last month, according to The Wall Street Journal.

At the parade Wednesday celebrating the most recent championship by the women’s team, players led the crowd in chants of “equal pay.” The men’s team has never won a World Cup and failed to qualify for the most recent tournament in 2018.

“The fact that we’re talking about it and that they have to win a World Cup to really make it a thing is crazy. This should have been done a long time ago, and shame on U.S. Soccer for not doing more,” Wasserman said.

The Wasserman agency has created a new division called The Collective, which is focused on female athletes and entertainers. The agency represents about 150 female athletes, including Megan Rapinoe, who starred for the U.S. during the World Cup, and several of her teammates.

Wasserman said he believes that the players have a bigger audience than only women and girls, adding that he has had business leaders ask him which players he represents.

“It’s incredible, and I hope the world recognizes how powerful they can be,” Wasserman said.

World Cup revenue for U.S. Soccer comes in part from prize money from FIFA, the organization that runs international soccer. The total prize money available in the women’s tournament was $30 million, well short of the $400 million pot in the last men’s tournament.

The victory in the title game over the Netherlands was the most watched soccer game in the United States since 2015 and topped the 2018 men’s final by 22%. It is not clear how ratings variations affect revenue for U.S. Soccer.

The U.S. Soccer Federation did not immediately respond to a request for comment.


Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: jesse pound
Keywords: news, cnbc, companies, world, untenable, pay, gap, soccer, position, agent, mens, casey, paid, womens, team, cup, gender, players, wasserman


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US viewership of the 2019 Women’s World Cup final was 22% higher than the 2018 men’s final

According to a statement from Fox Sports, citing data from Nielsen, approximately 14.3 million U.S. viewers tuned in to the final match on television, compared to 11.4 million for the 2018 Men’s World Cup Final, a 22% U.S. viewership boost. The 2015 Women’s World Cup Final in Canada aired at night in the U.S., while the 2019 Women’s World Cup Final in France aired earlier in the day. The 2019 FIFA Women’s World Cup Final also had to compete for viewers with the Men’s Concacaf Gold Cup final and


According to a statement from Fox Sports, citing data from Nielsen, approximately 14.3 million U.S. viewers tuned in to the final match on television, compared to 11.4 million for the 2018 Men’s World Cup Final, a 22% U.S. viewership boost. The 2015 Women’s World Cup Final in Canada aired at night in the U.S., while the 2019 Women’s World Cup Final in France aired earlier in the day. The 2019 FIFA Women’s World Cup Final also had to compete for viewers with the Men’s Concacaf Gold Cup final and
US viewership of the 2019 Women’s World Cup final was 22% higher than the 2018 men’s final Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: abigail hess
Keywords: news, cnbc, companies, final, cup, match, higher, 2019, womens, viewers, soccer, viewership, million, 22, 2018, world, mens


US viewership of the 2019 Women's World Cup final was 22% higher than the 2018 men's final

On Sunday, a crowd of nearly 60,000 people gathered at France’s Parc Olympique Lyonnais to watch as the U.S. Women’s National Soccer Team (USWNT) defeated the Netherlands 2-0 in the 2019 FIFA Women’s World Cup Final.

Back in the U.S., millions more were watching. According to a statement from Fox Sports, citing data from Nielsen, approximately 14.3 million U.S. viewers tuned in to the final match on television, compared to 11.4 million for the 2018 Men’s World Cup Final, a 22% U.S. viewership boost.

Fox Sports’ statement reports that online streaming viewership peaked at roughly 20 million, making it the most-watched soccer match on English-language television, men’s or women’s, in the U.S. since the 2015 FIFA Women’s World Cup final, which delivered 25.4 million viewers.

According to CNN, an additional 1.6 million viewers watched the final match in Spanish on Telemundo.

The 2015 Women’s World Cup Final in Canada aired at night in the U.S., while the 2019 Women’s World Cup Final in France aired earlier in the day. The 2019 FIFA Women’s World Cup Final also had to compete for viewers with the Men’s Concacaf Gold Cup final and the Men’s Copa América final, which both took place on Sunday as well.

USWNT captain Megan Rapinoe called the scheduling of all three matches on the same day “ridiculous and disappointing. ”

Despite these challenges, the 2019 championship game set a record for online streaming for Fox Sports. The match delivered an average minute audience of 289,000 viewers for the network — up 402% from the 2015 Women’s World Cup — making it the most-streamed women’s final in history.

Fox Sports reports that 17.8 million people viewed the 2019 final match on social media, an increase of 18% on Twitter and YouTube, compared to the men’s final in 2018.

According to The Wall Street Journal, U.S. women’s soccer games have generated more revenue for the USSF than U.S. men’s games over the past three years, and according to Nike, the 2019 women’s stadium home jersey is the top-selling soccer jersey, men’s or women’s, ever sold on Nike.com in one season.


Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: abigail hess
Keywords: news, cnbc, companies, final, cup, match, higher, 2019, womens, viewers, soccer, viewership, million, 22, 2018, world, mens


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Women’s World Cup draws better ratings than last year’s men’s final, as equal pay debate rages on

Last year’s men’s final scored an 8.3/21. The game was the best-rated U.S. soccer telecast since the 2015 FIFA Women’s World Cup final, which the U.S. team also won. The U.S. women’s national soccer team has typically performed better than the men’s team. The men’s team has yet to make it to a World Cup final and did not qualify for the 2018 tournament. The women stand to earn a total of $260,869 each for their World Cup victory, just 23% of the $1,114,429 each of the men would have earned if th


Last year’s men’s final scored an 8.3/21. The game was the best-rated U.S. soccer telecast since the 2015 FIFA Women’s World Cup final, which the U.S. team also won. The U.S. women’s national soccer team has typically performed better than the men’s team. The men’s team has yet to make it to a World Cup final and did not qualify for the 2018 tournament. The women stand to earn a total of $260,869 each for their World Cup victory, just 23% of the $1,114,429 each of the men would have earned if th
Women’s World Cup draws better ratings than last year’s men’s final, as equal pay debate rages on Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: marc rod
Keywords: news, cnbc, companies, pay, draws, fifa, womens, mens, equal, team, cup, won, game, according, debate, rages, final, ratings, world


Women's World Cup draws better ratings than last year's men's final, as equal pay debate rages on

Alex Morgan of the USA is fouled by Stefanie Van der Gragt of the Netherlands leading to a penalty during the 2019 FIFA Women’s World Cup France Final match between The United States of America and The Netherlands at Stade de Lyon on July 07, 2019 in Lyon, France.

Sunday’s FIFA Women’s World Cup final, in which the U.S. beat the Netherlands 2-0, pulled in significantly better television ratings in the U.S. than the 2018 men’s final between France and Croatia, according to statistics released Monday by Fox Sports, which aired the match.

The women’s final scored a 10.0/27 from television ratings firm Nielsen — meaning that 10% of all U.S. households with televisions watched the game and 27% of all households with televisions in the U.S. that were watching television at the time of the game watched the game. Last year’s men’s final scored an 8.3/21.

The game was the best-rated U.S. soccer telecast since the 2015 FIFA Women’s World Cup final, which the U.S. team also won. That game brought in 25.4 million total viewers, a record high in the U.S., and aired in prime time, according to Variety. Sunday’s match aired at 11 a.m. ET.

The U.S. women’s national soccer team has typically performed better than the men’s team. Sunday’s championship was the team’s fourth World Cup victory, a FIFA record. The men’s team has yet to make it to a World Cup final and did not qualify for the 2018 tournament.

The women’s team has also been a bigger revenue-generator for the United States Soccer Federation than the men’s team since their 2015 victory, according to The Wall Street Journal, which cited audited USSF financial reports.

Despite the team’s high ratings, performance and revenue, the women’s team will make much less from their World Cup win than the U.S. men’s team would have if they had won their championship.

The women stand to earn a total of $260,869 each for their World Cup victory, just 23% of the $1,114,429 each of the men would have earned if they won the World Cup, according to The Guardian.

This, and other alleged resource disparities, prompted the women’s team to sue the USSF in March. The USSF has responded by saying the pay differences are based on the “aggregate revenue generated by the different teams and/or any other factor other than sex.”

The FIFA prize for the women’s championship also pales in comparison to the prize on the men’s side. The U.S. women’s team won $4 million for the match, in comparison with $38 million for last year’s men’s champion, according to The New York Times.

The team’s winning streak has helped fuel sales of merchandise, including Nike sports jerseys. Nike said jersey sales have surged 200% compared with the last tournament four years ago.

Team captain Megan Rapinoe called for pay equality during a postgame press conference.

“We put on … the most incredible show that you could ever ask for. We can’t do anything more to impress more, to be better ambassadors, to take on more, to play better, to do anything,” she said. “It’s time to move that conversation forward to the next step.”

At another press conference, she said the prize money gap from FIFA is “not fair.”

The U.S. women’s team attracted controversy during the World Cup after a video interview, recorded in January, surfaced in which Rapinoe, using an expletive, refused to consider visiting the White House if the team won and questioned whether the team would even be invited.

President Donald Trump fired back with a three-tweet response in which he said “Megan should WIN first before she TALKS!” He also said he’d invite the entire U.S. team to the White House, “win or lose.”


Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: marc rod
Keywords: news, cnbc, companies, pay, draws, fifa, womens, mens, equal, team, cup, won, game, according, debate, rages, final, ratings, world


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Today is the Women’s World Cup final between the US and Netherlands—here’s how much money is on the line

Today, the U.S. Women’s National Soccer Team (USWNT) is set to compete against Netherlands in the 2019 FIFA Women’s World Cup final. This World Cup, 24 teams competed in France for their share of $30 million in prize money from FIFA — which is just 7.5% of the Men’s World Cup prize of $400 million in 2018. According to documents obtained by The Guardian, the USWNT’s contract guarantees a player will receive $3,000 for each qualification game they win (since they won all five that’s a total of $1


Today, the U.S. Women’s National Soccer Team (USWNT) is set to compete against Netherlands in the 2019 FIFA Women’s World Cup final. This World Cup, 24 teams competed in France for their share of $30 million in prize money from FIFA — which is just 7.5% of the Men’s World Cup prize of $400 million in 2018. According to documents obtained by The Guardian, the USWNT’s contract guarantees a player will receive $3,000 for each qualification game they win (since they won all five that’s a total of $1
Today is the Women’s World Cup final between the US and Netherlands—here’s how much money is on the line Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-04  Authors: abigail hess
Keywords: news, cnbc, companies, today, players, team, money, fifa, mens, soccer, womens, cup, 2019, final, world, netherlandsheres, france, line


Today is the Women's World Cup final between the US and Netherlands—here's how much money is on the line

Megan Rapinoe #15 of the United States celebrates scoring during the 2019 FIFA Women’s World Cup France quarter-final match between France and the United States at Parc des Princes on June 28, 2019 in Paris, France.

Today, the U.S. Women’s National Soccer Team (USWNT) is set to compete against Netherlands in the 2019 FIFA Women’s World Cup final. This World Cup, 24 teams competed in France for their share of $30 million in prize money from FIFA — which is just 7.5% of the Men’s World Cup prize of $400 million in 2018. The team that wins the World Cup on Sunday will split $4 million of these funds, but there’s more than just FIFA money on the line in today’s championship. According to documents obtained by The Guardian, the USWNT’s contract guarantees a player will receive $3,000 for each qualification game they win (since they won all five that’s a total of $15,000); a $37,500 bonus for qualifying for the World Cup; $37,500 for making the final US World Cup roster; and $110,000 if they win the whole World Cup — a potential grand total of $200,000 each.

Alex Morgan (Orlando Pride) of United States protest during the 2019 FIFA Women’s World Cup France Round Of 16 match between Spain and USA at Stade Auguste Delaune on June 24, 2019 in Reims, France. Jose Breton/NurPhoto via Getty Images

In contrast, had the U.S. Men’s National Team (USMNT) qualified for the 2018 FIFA Men’s World Cup, which the team did not, players would have received $108,695 each. Had the team won all of their 16 qualifying games, made the final World Cup roster and won the World Cup, USMNT players would have been paid a total of over $1.1 million each. The USWNT’s contract also reportedly includes an agreement that each player be paid $60,869 for a four-game victory tour, should they win the World Cup. Women’s team players received nothing for advancing to the knockout stages of the World Cup, while U.S. men’s team players would have earned $329,376 for the same accomplishment, according to The Guardian. This soccer pay gap exists despite the profitability of the USWNT. According to The Wall Street Journal, U.S. women’s soccer games have generated more revenue for the U.S. Soccer Federation (USSF) than U.S. men’s games over the past three years, and according to Nike, the 2019 women’s stadium home jersey is the top-selling soccer jersey, men’s or women’s, ever sold on Nike.com in one season. In 2016, five U.S. women’s players filed a discrimination complaint with the Equal Employment Opportunity Commission (EEOC), and in March, 28 members of the USWNT filed a lawsuit against the USSF for gender discrimination and unequal pay. In June, The Wall Street Journal, citing sources familiar with the situation, reported that USSF and the USWNT have “tentatively agreed to pursue mediation after the World Cup ends.”

Wendie Renard #3 of France celebrates her goal during the 2019 FIFA Women’s World Cup France group A match between Nigeria and France at Roazhon Park on June 17, 2019 in Rennes, France. Catherine Steenkeste/Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-07-04  Authors: abigail hess
Keywords: news, cnbc, companies, today, players, team, money, fifa, mens, soccer, womens, cup, 2019, final, world, netherlandsheres, france, line


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Novak Djokovic: number one men’s tennis player and charity founder


Novak Djokovic: number one men’s tennis player and charity founder Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: tania bryer, lucy handley
Keywords: news, cnbc, companies, charity, djokovic, number, mens, tennis, player, novak, founder


Novak Djokovic: number one men's tennis player and charity founder


Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: tania bryer, lucy handley
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Nishikori joins Federer, Djokovic as highest-paid tennis players: Forbes

Roger Federer, Novak Djokovic and Kei Nishikori — when it comes to men’s tennis, these are the top three highest-paid athletes, according to a Forbes ranking. With earnings of $37.3 million, Nishikori, ranked 35th on the Forbes list to Federer’s 5th place ($93.4 million) and Djokovic’s 17th place ($50.6 million). Butler remembers when Nishikori won his first ATP title at the Delray Beach Open in 2008. The nickname referenced his goal to beat Japanese tennis champion Shuzo Matsuoka’s ranking of #


Roger Federer, Novak Djokovic and Kei Nishikori — when it comes to men’s tennis, these are the top three highest-paid athletes, according to a Forbes ranking. With earnings of $37.3 million, Nishikori, ranked 35th on the Forbes list to Federer’s 5th place ($93.4 million) and Djokovic’s 17th place ($50.6 million). Butler remembers when Nishikori won his first ATP title at the Delray Beach Open in 2008. The nickname referenced his goal to beat Japanese tennis champion Shuzo Matsuoka’s ranking of #
Nishikori joins Federer, Djokovic as highest-paid tennis players: Forbes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: elizabeth myong, adam reed
Keywords: news, cnbc, companies, million, open, players, player, nadal, forbes, joins, mens, tennis, nishikori, djokovic, ranked, japan, highestpaid, federer, butler


Nishikori joins Federer, Djokovic as highest-paid tennis players: Forbes

Kei Nishikori of Japan celebrates match point during his men’s singles quarter-final match against Marin Cilic of Croatia on Day Ten of the 2018 US Open at the USTA Billie Jean King National Tennis Center on September 5, 2018 in the Flushing neighborhood of the Queens borough of New York City.

Roger Federer, Novak Djokovic and Kei Nishikori — when it comes to men’s tennis, these are the top three highest-paid athletes, according to a Forbes ranking.

Some may be surprised that Nishikori bested Rafael Nadal, but the 29-year-old has become quite a superstar in his home country of Japan, where he has a large and adoring fanbase. Crowds have gotten so large at practices, they have caused safety concerns, and prompted him to move to the U.S. for training.

With earnings of $37.3 million, Nishikori, ranked 35th on the Forbes list to Federer’s 5th place ($93.4 million) and Djokovic’s 17th place ($50.6 million). Nadal raked in $35 million to place 37th.

Nishikori stood out at the very beginning, said John Butler, executive director of the Delray Beach Open. Butler remembers when Nishikori won his first ATP title at the Delray Beach Open in 2008.

“Even at that stage when he was relatively a no one in the tennis world, he knew how to step up at the big moments,” said Butler. “He knows how to execute, that’s why he’s been so steady in his climb.”

“Project 45” was Nishikori’s nickname when he was 18, Butler said. The nickname referenced his goal to beat Japanese tennis champion Shuzo Matsuoka’s ranking of #46, which was once the highest world ranking for any Japanese tennis player. But that was before Nishikori blew past that record, joining the world’s top ten.

Nishikori is currently ranked number 7 in singles, but he reached a career high of number 4, making him the first Japanese men’s tennis player to have been ranked in the top 5 for singles.

In 2016, he won a gold medal in the Olympics in Rio, which was the first gold medal for Japan in over 96 years. He also became the first Asian player to reach the men’s Grand Slam final at the 2014 U.S. Open.

One of the reasons Nishikori bested Nadal was his endorsements. Forbes said Nishikori took home $4.3 million in prize money to Nadal’s $9 million, but Nishikori’s $33 million in endorsement, topped Nadal’s $25 million.

Nishikori has been able to make a number of brand deals with sneakers from Nike, noodles from Nissin, a car at Jaguar, and a jet at Japan Airlines named after him. He also has deals with Asahi, NTT, Lixil, and Procter & Gamble.

When it comes to on-court fashion, Nishikori is also well-connected. Uniqlo named Nishikori their global ambassador in 2011 and outfitted him for the 2019 French Open. He also signed a lifetime deal with Wilson in 2015.

Nishikori, who is active on social media, has 1 million followers on Twitter and more than 500,000 on Instagram, where he posts about brand partners like Jaguar.

Butler said Nishikori’s success is especially impressive because he hasn’t allowed his smaller stature to get in the way of competitors who are much taller.

“He’s a fascinating role model and example for young players who aren’t 6’4. He maximizes what he’s good at and he doesn’t have weaknesses,” he said. “He can rip a ball without being Rafael Nadal.”


Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: elizabeth myong, adam reed
Keywords: news, cnbc, companies, million, open, players, player, nadal, forbes, joins, mens, tennis, nishikori, djokovic, ranked, japan, highestpaid, federer, butler


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Lululemon unveils growth plan for the next 5 years

Lululemon released a fresh, five-year growth plan on Wednesday ahead of its first investor day five years and the first under new CEO Calvin McDonald. And it’s now expecting operating income growth to exceed revenue growth each year, with “modest” gross margin expansion, and earnings-per-share growth either equating to or exceeding operating income growth annually. To help boost online sales, Lululemon says it plans to take its buy online, pick up in store option from 35 shops today to its entir


Lululemon released a fresh, five-year growth plan on Wednesday ahead of its first investor day five years and the first under new CEO Calvin McDonald. And it’s now expecting operating income growth to exceed revenue growth each year, with “modest” gross margin expansion, and earnings-per-share growth either equating to or exceeding operating income growth annually. To help boost online sales, Lululemon says it plans to take its buy online, pick up in store option from 35 shops today to its entir
Lululemon unveils growth plan for the next 5 years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: lauren thomas, steve russell, toronto star, getty images
Keywords: news, cnbc, companies, shoppers, opportunity, online, unveils, mens, growth, billion, store, plan, stores, sales, lululemon


Lululemon unveils growth plan for the next 5 years

Lululemon released a fresh, five-year growth plan on Wednesday ahead of its first investor day five years and the first under new CEO Calvin McDonald.

The sports-bra and leggings maker says it plans to double sales of its men’s and online businesses and quadruple international revenues, by 2023. It’s targeting annual revenue growth in the low teens over the next five years. And it’s now expecting operating income growth to exceed revenue growth each year, with “modest” gross margin expansion, and earnings-per-share growth either equating to or exceeding operating income growth annually.

Analysts and investors are looking to see if McDonald, who joined Lululemon as CEO in August from cosmetics company Sephora after Laurent Potdevin was ousted amid misconduct allegations, can keep the momentum going at the athletic apparel company.

Lululemon shares were about 1% higher by Wednesday afternoon. They have surged more than 80% over the past 12 months, compared with the S&P 500 Retail ETF’s (XRT’s) growth of just 1.5%.

“It’s now been nine months since I joined Lululemon. … And the one word that kept resonating in any market I’ve [traveled to] was the opportunity that still rests ahead for Lululemon in both North America, in any international market, in our stores,” McDonald told analysts. “There’s a huge opportunity for us to build upon where we are today.”

Key areas of focus at Lululemon include the expansion of its men’s business, growth overseas in markets like China, shaping a stronger e-commerce platform and building a base of loyal shoppers. One initiative has been its testing of a new loyalty program, where members pay an annual fee for perks including expedited shipping and workout classes.

To help boost online sales, Lululemon says it plans to take its buy online, pick up in store option from 35 shops today to its entire fleet in North America by this back-to-school shopping season. It’s also growing its online assortment to be double what it sells in stores. And to better serve men, Lululemon says it’s adding more items designed specifically for them, like better-fitting running shirts, instead of just building on previous women’s lines.

“We have very low brand awareness with men,” still, McDonald said. “The opportunity isn’t just to be known,” he said, “but also being understood” as a brand that men — not just women — can shop. Lululemon recently signed a deal with former Eagles quarterback Nick Foles to become its first men’s ambassador, as it makes strides to raise awareness among male consumers.

Rivals Nike and Under Armour, meantime, have said they plan to target female shoppers more with new yoga pants and sports bras, threatening to wade into Lululemon’s turf. But Lululemon, in turn, has said its men’s business presents the biggest growth opportunity. It has said it’s on track to get that business to $1 billion in sales annually by next year. It’s also getting into personal-care products, like deodorant, searching for other ways to lure shoppers to its stores. And it says it soon plans to launch its own shoes.

McDonald said Lululemon is also planning to invest more “in creating dynamic experiential moments” for customers. That includes opening a 25,000-square-foot store in Lincoln Park in Chicago this July, which will have yoga studios, meditation spaces, and juice and food. And by 2023, about 10% of Lululemon’s total bricks-and-mortar fleet will be considered “experiential” like this Chicago store, the CEO said.

In the latest fiscal year, Lululemon’s sales amounted to $3.3 billion, with sales at stores open for at least 12 months surging 18%, compared with growth of 7% during the prior year.

Nike, which brought in $36.4 billion in sales globally in 2018, holds 18.3% of the overall U.S. sportswear market, which includes apparel and footwear, according to data compiled by Euromonitor. Adidas is second with 6%, Under Armour with 4.1%, Skechers with 2.6% and Lululemon with 1.9% as of the end of 2018, according to the firm.

In the women’s athletic apparel category, though, Lululemon is second to Nike, according to data compiled by NPD Group.

Ahead of Wednesday’s meeting, a handful of analysts said they believe Lululemon will reach its revenue goal — for $4 billion by next year — ahead of schedule. Nomura Instinet analyst Simeon Siegel believes the retailer’s sales can eclipse $6.5 billion by 2023.

“However, it seems either sales or margins are approaching a peak,” Siegel said in a note to clients. “It seems more likely [management] works to maintain sales growth at the expense of some margin than vice versa.”


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: lauren thomas, steve russell, toronto star, getty images
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Lululemon CEO: ‘We have very low brand awareness with men,’ but that business will double by 2023

Lululemon, known for its sports bras and yoga pants for women, still has some work to do to win men over. “We have very low brand awareness with men,” CEO Calvin McDonald told analysts during a meeting in New York on Wednesday. “The opportunity isn’t just to be known,” he said, “but also being understood” as a brand that men — not just women — can shop. At the end of last year, only about 21% of Lululemon’s business was coming from men’s, with 70% stemming from women’s. With bigger ambitions to


Lululemon, known for its sports bras and yoga pants for women, still has some work to do to win men over. “We have very low brand awareness with men,” CEO Calvin McDonald told analysts during a meeting in New York on Wednesday. “The opportunity isn’t just to be known,” he said, “but also being understood” as a brand that men — not just women — can shop. At the end of last year, only about 21% of Lululemon’s business was coming from men’s, with 70% stemming from women’s. With bigger ambitions to
Lululemon CEO: ‘We have very low brand awareness with men,’ but that business will double by 2023 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: lauren thomas, matt winkelmeyer, getty images
Keywords: news, cnbc, companies, women, lululemon, sales, double, mens, men, awareness, brand, business, pants, low, known, lululemons, ceo, told, 2023


Lululemon CEO: 'We have very low brand awareness with men,' but that business will double by 2023

Lululemon, known for its sports bras and yoga pants for women, still has some work to do to win men over.

“We have very low brand awareness with men,” CEO Calvin McDonald told analysts during a meeting in New York on Wednesday. “The opportunity isn’t just to be known,” he said, “but also being understood” as a brand that men — not just women — can shop.

At the end of last year, only about 21% of Lululemon’s business was coming from men’s, with 70% stemming from women’s. Lululemon recently signed a deal with former Eagles quarterback Nick Foles to become its first men’s ambassador, as it makes strides to raise awareness among male consumers.

With bigger ambitions to rival the likes of Nike, Adidas and Under Armour, Lululemon is targeting a doubling of its men’s sales by 2023, meaning revenues in that category will eclipse $1 billion annually.

Chief Product Officer Sun Choe told analysts men have reacted exceptionally well to Lululemon’s “commuter” products — items like jogger pants that are designed to be worn around town to run errands, but also can be dressed up in an office setting. And so she said there will be a lot more of that on shelves this year and next, while Lululemon is also “taking cues from streetwear trends happening out there” as it designs new clothing.

“Guys don’t know Lululemon can be a brand for them,” Choe said. “But we have a ton of newness in the pipeline.”

Nike, bringing in $36.4 billion in sales in 2018, holds 18.3 percent of the overall U.S. sportswear market, which includes apparel and footwear, according to data compiled by Euromonitor. Adidas is second with 6 percent, Under Armour with 4.1 percent, Skechers with 2.6 percent and Lululemon with 1.9 percent as of the end of 2018, according to the firm.

Lululemon also on Wednesday said it soon plans to start making its own footwear, as it laid out a five-year growth plan with the goal of growing total sales annually by a low-teens percentage rate.

“Lululemon put out exciting targets and ones focused on new and existing categories alike,” Nomura Instinet analyst Simeon Siegel said.

Lululemon shares were up Wednesday afternoon less than 1%. The stock has soared more than 80% over the past 12 months.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: lauren thomas, matt winkelmeyer, getty images
Keywords: news, cnbc, companies, women, lululemon, sales, double, mens, men, awareness, brand, business, pants, low, known, lululemons, ceo, told, 2023


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Unlike most retailers, Lululemon is opening stores. But it’s not one size fits all

And as Lululemon opens more stores, the company is seeing “less cannibalization” of its existing store base, “which is a great sign,” Burgoyne said. And in these instances, Burgoyne said Lululemon is drawing in more new customers at a faster rate than when it opens traditional stores. This approach is helping Lululemon’s men’s business grow, too, which is something the retailer is striving for. Burgoyne explained that men’s sales are up 50% to 60%, on average, in these transformed stores, withou


And as Lululemon opens more stores, the company is seeing “less cannibalization” of its existing store base, “which is a great sign,” Burgoyne said. And in these instances, Burgoyne said Lululemon is drawing in more new customers at a faster rate than when it opens traditional stores. This approach is helping Lululemon’s men’s business grow, too, which is something the retailer is striving for. Burgoyne explained that men’s sales are up 50% to 60%, on average, in these transformed stores, withou
Unlike most retailers, Lululemon is opening stores. But it’s not one size fits all Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: lauren thomas, getty images
Keywords: news, cnbc, companies, fits, company, unlike, lululemons, burgoyne, store, mens, retailers, sales, opening, size, shops, stores, open, lululemon


Unlike most retailers, Lululemon is opening stores. But it's not one size fits all

Lululemon has a new strategy for its stores.

The athletic apparel retailer, known for its yoga pants business, during a meeting with analysts in New York on Wednesday said it has four different types of shops that it’s looking to open today, compared with just one prototype five years ago. Those four are: A temporary, pop-up store; a 3,000-square-foot store; a roughly 5,500-square-foot store; and then a massive 25,000-square-foot version — with the first of its kind set to open in Chicago this summer.

Through 2023, the company is planning to grow its square footage annually by a low double-digit percentage rate. There’s still room to open new locations in North America, but also internationally in geographies like China, said Celeste Burgoyne, the executive vice president of Lululemon’s Americas division, and also the head of Global Guest Innovation. And as Lululemon opens more stores, the company is seeing “less cannibalization” of its existing store base, “which is a great sign,” Burgoyne said.

Lululemon ended 2018 with 440 locations globally.

“I think we will continue to have one of the most productive store fleets out there,” Burgoyne told analyst on Wednesday, calling Lululemon’s real estate “the envy of all retailers.”

Moving forward, Lululemon says it will continue to sign short-term leases — for three to six months — that allow it to test new markets or capitalize on a flood of foot traffic, like it did when it opened a pop-up shop at Harvard Square during the back-to-school season. The company said it had 60 so-called seasonal stores in 2018. And in these instances, Burgoyne said Lululemon is drawing in more new customers at a faster rate than when it opens traditional stores.

Then, Lululemon is taking more of its 3,000-square-foot shops and turning them into roughly 5,500-square-foot shops, a strategy it refers to as “co-locating.” The company said it’s doing this with certain locations that deliver higher same-store sales growth when compared with the growth of the retailer’s entire fleet.

This approach is helping Lululemon’s men’s business grow, too, which is something the retailer is striving for. Burgoyne explained that men’s sales are up 50% to 60%, on average, in these transformed stores, without the company even adding any additional men’s merchandise.

And lastly, Lululemon is planning to open a 25,000-square-foot store, the first of its kind, in Lincoln Park in Chicago this July, which will have yoga studios, meditation spaces, and juice and food. And by 2023, about 10% of Lululemon’s total bricks-and-mortar fleet will be considered “experiential” like this Chicago store, according to the company.

At the end of 2018, bricks-and-mortar stores were bringing in about 65% of Lululemon’s sales, while 26% of revenues came from online.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: lauren thomas, getty images
Keywords: news, cnbc, companies, fits, company, unlike, lululemons, burgoyne, store, mens, retailers, sales, opening, size, shops, stores, open, lululemon


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French Open has extra incentive for Nadal, Djokovic, Williams as tournament prize money swells

The French Open has announced an 8 percent increase in its prize money this year. The French Open will be the next stop for Tennis on its Grand Slam calendar when it begins on May 26, with the tournament concluding with the men’s singles final on June 9th. The most significant increase in prize money on offer has come in the amounts offered for players who exit in the early rounds. A special effort has been made for the qualifying rounds, whose prize money has risen by an average of nearly 15 pe


The French Open has announced an 8 percent increase in its prize money this year. The French Open will be the next stop for Tennis on its Grand Slam calendar when it begins on May 26, with the tournament concluding with the men’s singles final on June 9th. The most significant increase in prize money on offer has come in the amounts offered for players who exit in the early rounds. A special effort has been made for the qualifying rounds, whose prize money has risen by an average of nearly 15 pe
French Open has extra incentive for Nadal, Djokovic, Williams as tournament prize money swells Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: adam reed, gonzalo fuentes
Keywords: news, cnbc, companies, swells, williams, mens, money, french, incentive, prize, tournament, euros, nadal, extra, round, increase, singles, players, open


French Open has extra incentive for Nadal, Djokovic, Williams as tournament prize money swells

The French Open has announced an 8 percent increase in its prize money this year.

The 2019 prize pot at the Roland Garros tournament has swelled by 8 per cent compared with 2018, to reach a total of 42,661,000 euros ($48.4 million), according to an official release published Friday.

The French Open will be the next stop for Tennis on its Grand Slam calendar when it begins on May 26, with the tournament concluding with the men’s singles final on June 9th.

Rafael Nadal and Simona Halep are the defending men’s and women’s singles champions and the clay court event has had a further boost this year with the news Roger Federer will be in the draw for the first time since 2015.

The most significant increase in prize money on offer has come in the amounts offered for players who exit in the early rounds.

Those who are beaten in “week 1” of the tournament will see a significant increase in their earnings, over 10 percent, on average, from the opening round to the Round of 16.

The loser of any first round match will still receive 46,000 euros, which is still considerably less than the 2.3 million euros the male or female champion will receive.

The President of the French Tennis Federation, Bernard Giudicelli, and the Tournament Director, Guy Forget said last week they wanted to continue narrowing the gap between the amounts awarded to the tournament winners, in both the women’s and men’s singles events and to the players who are knocked out in the first round.

A special effort has been made for the qualifying rounds, whose prize money has risen by an average of nearly 15 per cent. Players who now make it as far as the final qualifying round, but not into the main draw itself stand to earn 24,000 euros.


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: adam reed, gonzalo fuentes
Keywords: news, cnbc, companies, swells, williams, mens, money, french, incentive, prize, tournament, euros, nadal, extra, round, increase, singles, players, open


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