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Lululemon is on track to make China its second-largest market by 2026 through an extensive store expansion in the country, according to China Daily. The athleisure apparel brand said it aims to increase its store number in the country – currently 71 – to 220…
Lululemon Athletica and H&M Group are among backers of a $250 million fund aiming to speed up efforts to cut carbon emissions in the fashion industry’s supply chain, non-profit group Apparel Impact Institute said on Wednesday. Bringing together clothing…
Sportswear brand Lululemon has revealed its first-ever footwear collection for women, with a men’s collection to launch next year. The company will launch its debut running shoe called Blissfeel on 22 March online and in select stores across the UK, North…
Lululemon Athletica on Tuesday warned of more store closures and risks to demand from a potential resurgence in COVID-19 cases, even as it forecast first-quarter revenue above analysts’ estimates. The company said any surge in cases, including the new…
Lululemon has emerged from the Covid-19 crisis as one of its greatest retail survivors, posting an operating surplus in the first quarter while almost all of its apparel contemporaries were bleeding red ink. Net revenue was US$652 million, a decrease of…
While some retailers lost momentum in the third quarter, Lululemon firmly bucked the trend and continued its run of strong growth unabated. On the top line, total sales grew by a robust 22.5 percent, supported by a strong underlying comparable uplift of 16…
Lululemon stores in Australia and New Zealand are teaming up with local nonprofits and charitable organizations to increase access to yoga and meditation. Stores this month will distribute grants to nonprofits and charities of their choosing that are working…
Lululemon is partnering with Swinburne University of Technology to offer a free diploma of business for store managers, regional managers and training managers. The course, which Lululemon is fully funding, is comprised of eight units covering personal skills…
Athleisure retailer Lululemon has ventured into a new category, launching a line of gender-neutral personal care products. The Vancouver-based retailer unveiled on Tuesday its new line of self-care products which include moisturizer, dry shampoo, deodorant…
Lululemon Athletica has reported a massive 70 per cent growth in first-quarter China sales, part contributing to a stellar performance globally. Both sales and profit exceeded the company’s forecast and analysts expectations. Sales of its relatively new men’s…
Athleisure retailer Lululemon’s investment in e-commerce — revamping its website and improving on direct-marketing efforts to draw new customers — has paid off. Lululemon has posted a 46 per cent increase in its online revenue last year, adding that it has…
Over the past 12 months, shares of lululemon athletica have risen 90%. The most recent surge came after an upgrade on 2018 holiday season guidance, helping the athletic-wear stock rebound from a slump brought on by a broad stock market sell-off at the end of…
This week, Nike launched its new collection of yoga wear for men. While this was the company’s first foray into men’s yoga apparel, the move was very much in line with competitors who have been making a push into the menswear apparel market recently.…
Located in Macao’s bustling premier leisure resort, The Venetian Macao, which is home to world-class casinos, hoteliers and luxury shopping. The store is set to transform the traditional shopping experience with 2,110 square feet of retail, fitness, and…
Canadian founder of yoga-apparel retailer Lululemon Athletica Inc., Chip Wilson, is close to joining the Chinese investor group pursuing a takeover of Amer Sports Oyj. The billionaire is in talks to take around a 20 per cent stake as part of the consortium…
Lululemon Athletica second-quarter sales rose 25 per cent in the second quarter to the end of July, with comp-store sales up 20 per cent. The Canadian activewear company reported net revenue of US$723.5 million and income from operations of $134.2 million, up…
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