Hey Snackers,
What justice looks like: 4 US robocallers just got surprised with multi-million dollar fines.
Enjoy that. Markets meanwhile barely budged as the quarterly corporate earnings season slows down.
Set an intention... The Vancouver-based team over at Lululemon did for 2018. And it worked. Quarterly sales surged 26%, making last year one of its "strongest yet." Lulu's focus for the future is to blossom into a "dual-gender" brand.
Man's best friend... is a pair of sweat-wicking, technical khakis with a hidden back pocket. Lulu's CEO straight up called out guys as its "most exciting" area of growth:
"Work-leisure-wear" is now a thing... Goldman just rolled out a “firm wide flexible dress code” JPMorgan's been tie-optional since 2016. So Lulu's thinking beyond its vinyasa gear to daily uniform options of a suit-free office future.
Healthcare's back in play... on markets and in DC. First, the Trump admin announced it's taking another shot at repealing the Affordable Care Act. Then one of the plan's largest providers, Centene, revealed it's acquiring WellCare for a healthy $15B.
Want key details on the deal?... We've got you fully covered:
Politics = Business... WellCare and Centene's enrollment benefited hugely from the Affordable Care Act's expansion of Medicaid, the government health insurance for the poor. If the Trump admin completely upends the Affordable Care Act, at least WellCare and Centene will have a shoulder to cry on.
What's in the box?... A $1.1B queen-size. That's how much the OG direct-to-consumer mattress icon's worth thanks to a $100M injection of money from new, private investors. And we learned from a slide deck obtained by The Information that Casper Sleep might not be private so long — It's interviewing banks to advise a future IPO.
Some woke highlights from the slide deck... (which was intended for investors only):
Brick and mortar retail's not dying... bad retail's dying. Casper's created a bunch of dreamy stores selling mattresses and 45-minute naps (for $25). It costs $650K to build each location, and according to the deck, the whole investment pays off in less than 2 years on average. That's fast. And it's why it wants 200 Casper stores by 2021.
Corrections: Yesterday we mentioned the Boeing 787 Max – It's the 737 Max that was grounded and discussed at a Senate hearing. Disclosure: The author of this Snacks owns shares of Lululemon.