Lululemon

Retail Asia01/06/2018

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 to be between 46 and 48 cents per share on revenue of $660 million to $665 million, the Vancouver-based […]

Retail Asia14/02/2018

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 its standards requiring employees to “exemplify the highest levels of integrity and respect for […]

Retail Asia06/02/2018

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, led by glenn Murphy, executive chair, has already begun searching for his replacement. “Lululemon expects all employees to […]

Retail Asia15/01/2018

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 experience programs. For Lululemon it is important to promote healthy lifestyle rather than simple product marketing, […]

Retail Asia08/12/2017

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 athleisure market struggle, Lululemon sales continue to go from strength to strength. While […]

Retail Asia01/09/2017

Someone forgot to inform Lululemon there is a slowdown in the growth of the athleisure category. The Canadian company’s latest results stand in direct contrast to those of many other sporting retailers, with both total and comparable sales surging ahead by 13 per cent and 7 per cent, respectively. Online sales surged 30 per cent. […]

Retail Asia26/07/2017

Sportswear retailer, Lululemon Athletica Australia, has paid penalties totalling $32,400 following the ACCC issuing three infringement notices for violating consumer guarantee rights. In May earlier this year, Lululemon listed sale items on its website under the heading “We Made Too Much”. The web page read “We made a little extra – don’t be shy, help yourself. It’s […]

Retail Asia21/06/2016

A new H&M athleisure wear range is to be launched in July, developed with input from the Swedish Olympic team and fronted by personalities including Caitlyn Jenner. The launch of For Every Victory makes H&M one of the first major multinational fashion brands to make a serious foray into the booming athleisure wear market, to […]

Retail Asia11/04/2016

Lululemon’s final quarter numbers look fairly solid on the surface, especially when compared to the rather lacklustre performance during the prior quarter. However, while there has been a pickup in sales momentum, the underlying figures continue to show signs of weakness. At headline level, net revenue from the Canadian athleisure wear retailer rose by an […]

Retail Asia18/12/2015

Lululemon’s third quarter sales performance – measured on a total basis – was solid with total company revenues up by 14 per cent. This was mostly driven by the addition of 52 new stores, with the extra 142,000 sqft of selling space making a good contribution to the top line numbers. However, more worryingly the […]

Retail Asia01/04/2015

Yogawear retailer Lululemon sees a positive future in Asia, despite bad experiences in Japan and Australia. Announcing a 13 per cent jump in global revenue in 2014 to US$1.6 billion, the Canadian company reiterated plans to open a new store in Hong Kong this year. The company plans 20 new stores in Europe and Asia […]

Tag: Lululemon

Lululemon Athletica reports solid first quarter earnings

Lululemon pushes out CEO

Lululemon’s Chief Executive Resigns Over Behavior

Lululemon leader in experiential marketing

Lululemon sales skyrocket sales

Athleisure slowdown fails to dent Lululemon

Lululemon fined for violating guarantee rights

H&M collaborates with Caitlyn Jenner for its newest athleisure range

Lululemon figures shroud ‘weakness’

Lululemon needs “to work harder”

Lululemon eyes Asia growth