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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…
Athleisure is the new fad of the retail industry. Lululemon is one of the most iconic brand following the trend. Founded in 1998, it has flourished to empower healthy lifestyle through its innovative products and community events. The company’s values have…
Calvin McDonald has been named CEO of Lululemon, replacing Laurent Potdevin, who was ousted earlier this year amid allegations of conduct violations. The Canadian-born McDonald earned his MBA at the University of Toronto and prior to joining Sephora in 2013,…
Canadian athletic apparel maker Lululemon Athletica Inc posted first-quarter profit that beat expectations on Thursday as revenue jumped 25 per cent, sending the company’s shares to an all-time high in after-hours trade. Second-quarter earnings are expected…
Canada’s Lululemon Atletica has ousted its current chief executive office, Laurent Potdevin, citing code of conduct reasons for his swift departure. The yoga gear brand said that Potdevin resigned, with a $5 million exit package, after the CEO “fell short” of…
Canadian activewear retailer and manufacturer Lululemon has announced its CEO Laurent Potdevin is resigning effective immediately amid unspecified misconduct. Potdevin, who has been with the company for four years, will also resign from the board. The board,…
Healthy diet, meditation and breathing, gift wrapping, those are the free classes that Canadian Yoga clothing brand Lululemon offers for the public every month. The Cheongdam Flagship Store, which opened in May 2017, runs a whole floor as a studio for…
Canadian activewear retailer and manufacturer Lululemon has posted a 14 per cent uplift in total sales in the third quarter; same-store sales rose 8 per cent. Kevin Wathey, a consultant with GlobalData Retail, says that while other players in the sports and…
