Lululemon's board OKs $500 million share buyback program increase

Lululemon Anthletica Inc.'s board has authorized a $500 million increase in the remaining authorization of the company's stock repurchase program, from $141.2 million to $641.2 million. The repurchase authorization has no time limit and does not require the buyback of a minimum number of shares, the retailer said in a filing late Monday. Shares of Lululemon advanced 0.6% in the extended session Monday after ending the regular trading day down 2.2%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Lululemon's board OKs $500 million share buyback program increase
Lululemon Anthletica Inc.'s board has authorized a $500 million increase in the remaining authorization of the company's stock repurchase program, from $141.2 million to $641.2 million. The repurchase authorization has no time limit and does not require the buyback of a minimum number of shares, the retailer said in a filing late Monday. Shares of Lululemon advanced 0.6% in the extended session Monday after ending the regular trading day down 2.2%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.