Sales at U.S. retailers climbed 1.2% in May and rose for the third month in a row, offering more evidence of springtime rebound in consumer spending after a winter lull. Lululemon Athletica (LULU) founder Dennis ‘Chip’ Wilson is selling his family’s entire stake in the company, parting ways with the yoga-gear maker after more than a year of tense relations. In a filing Thursday morning, Lululemon said Mr. Wilson and his family would sell their 20.1 million shares, a 14% stake in the company worth about $1.2 billion. Macy’s Inc. will open tuxedo rental shops inside 300 of its stores nationwide, the company announced Wednesday. Macy’s (M) will open Men’s Wearhouse (MW) tuxedo shops in some of its stores. The new Macy’s-branded shops stem from an agreement with Men’s Wearhouse. The men’s clothing retailer will staff and operate the outposts.
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