Former Israeli PM Olmert released from prison World News | Sun Jul 2, 2017 | 2:47am EDT Former Israeli PM Olmert released from prison Former Israeli Prime Minister Ehud Olmert walks out of the prison door as he is released from prison after a parole board decided to cut his sentence by a third, at Maasiyahu prison near Ramle, Israel July 2, 2017. Walla!news/Rubi Kastro via REUTERS Former Israeli Prime Minister Ehud Olmert walks out of the prison door as he is released from prison after a parole board decided to cut his sentence by a third, at Maasiyahu prison near Ramle, Israel July 2, 2017. Walla!news/Rubi Kastro via REUTERS Former Israeli Prime Minister Ehud Olmert walks out of the prison door as he is released from prison after a parole board decided to cut his sentence by a third, at Maasiyahu prison near Ramle, Israel July 2, 2017. Walla!news/Rubi Kastro via REUTERS RAMLE, Israel Former Israeli Prime Minister Ehud Olmert, 71, was released on parole on Sunday from a prison in Ramle, near Tel Aviv, after serving 16 months in jail for corruption. Olmert was found guilty in 2014 of accepting bribes from real estate developers when he was Jerusalem's mayor, before his 2006-09 term as prime minister and head of a centrist political party. On Sunday, a parole board decided to cut short his 27-month term, a common practice in Israel for prisoners who have not committed violent crimes. Olmert, accompanied by a government bodyguard, made no comment to reporters as he left. The corruption allegations led to Olmert's resignation as prime minister in September 2008. He stayed in office in a caretaker capacity until a February 2009 election brought right-winger Benjamin Netanyahu to power.
The shift is part of a broader strategy to boost online sales at Lululemon, which like most traditional retailers is looking to the internet to offset business declines at its physical stores. "We've doubled down on our digital strategy," Potdevin said on an analyst call, adding that he believed online sales had the potential to reach more than a billion dollars. The company forecast full-year net revenue of $2.53 billion to $2.58 billion, below its previous guidance of $2.55 billion to $2.6 billion. The leaner Ivivva will bring in annual revenue of "a little less than half" of what it posted last year, Chief Financial Officer Stuart Haselden said on the call. He said he expected the restructured business to post a "modest" operating profit. Excluding the impact of restructuring, Lululemon forecast full-year diluted earnings per share of $2.28 to $2.38. That range is 2 cents above the company's previous forecast. The Vancouver-based company popularized the "athleisure" market, but sales have faltered in recent years as the company faced operational issues and rivals introduced less-expensive gymwear. Lululemon's U.S.-traded shares have fallen about 25 percent so far this year, underperforming the 1 percent gain in the Nasdaq Composite Index. Investors had low expectations for the first quarter after the company warned in March that sales would be sluggish because customers were not satisfied with the selection available.
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