Lululemon reported plans to expand its headquarters in Vancouver, promising to create 2,600 jobs over the next five years. In 2022, Lululemon employed nearly 9,000 people in Canada. (Read More)
Lululemon is making a minority investment in Australian start-up Samsara Eco, which uses plastic-eating enzymes to recycle apparel waste. As part of a multi-year partnership, Samsara Eco will work with Lululemon to create new recycled nylon 6.6 and polyester. (Read More)
Phil Dickinson, Lululemon's SVP and global creative director and previously a 15-year Nike veteran, has passed away. The cause of his death was not disclosed. (Read More)
Lululemon promoted two members of its senior leadership team to EVP positions. Susan Gelinas was named chief people and culture officer, and Shannon Higginson was appointed chief legal and compliance officer. (Read More)
Lululemon Athletica, Inc. is working with an adviser to explore selling the Mirror connected fitness business, which has underperformed since LULU acquired the company in 2020, sources told Bloomberg. The report comes as LULU, on March 29, said it absorbed after-tax impairment and other charges against fourth-quarter earnings totaling $442.7 million related to Mirror. (Read More)
Lululemon is the second most popular brand in resale, according to ThredUp's 11th Annual Resale Report. Other activewear brands that made its Top 20 Most Popular Brands In Resale include Patagonia, at No. 6; Vuori, in 10th place; and The North Face, at 18. (Read More)
Lululemon Athletica, Inc. took a massive impairment charge in the fourth quarter to cover write-offs and the restructuring of its Mirror’s connected-fitness business. However, shares of Lululemon are up about 15 percent in -pre-market trading Wednesday as fourth-quarter results topped estimates and an upbeat outlook was provided for 2023. (Read More)
Lululemon Athletica Inc. reported a sharp decline in earnings for the fourth quarter due to an impairment charge of $442.7 million related to its Mirror connected-fitness business. Earnings on an adjusted basis grew 31 percent as comparable-store sales jumped 27 percent, topping analyst targets. (Read More)
According to Roth MKM's 2023 Millennial Survey, Millennials increasingly prioritize health and wellness and favor Nike, Adidas and Lululemon over other activewear brands. (Read More)
Nike Inc. sued Lululemon Athletica Inc. on Monday in U.S. federal court in Manhattan, charging that at least four of Lululemon footwear products infringe its patents. (Read More)
Lululemon And Garmin were the only two companies in the activewear space to make it on Glassdoor's 2023 Best Places to Work list. (Read More)
Lululemon named Elizabeth Binder as chief merchandising officer, reporting to Sun Choe, chief product officer. (Read More)
Lululemon Athletica, Inc. slightly raised its revenue guidance for the fourth quarter while narrowing its EPS target. (Read More)
Lululemon Athletica, Inc. raised its full-year outlook on robust third-quarter results that surpassed plans, but soft guidance for the fourth quarter sent the stock down about 12 percent Friday in mid-day trading. Speaking to analysts, CEO Calvin McDonald acknowledged a "challenging" environment for sales. The tempered guidance came despite Black Friday ranking as LULU's most profitable for revenue and traffic, driven by worldwide sales. (Read More)
Lululemon Athletica Inc. again raised its outlook for sales and earnings in the year after reporting third-quarter results that topped guidance. Comparable sales in the quarter jumped 22 percent, or increased 25 percent on a constant dollar basis. (Read More)
Lululemon Athletica, Inc. said Isabel Ge Mahe had joined its Board of Directors, effective immediately. Ge Mahe is vice president and managing director of Greater China for Apple. (Read More)
According to Cowen's Fifth Annual Proprietary Gen Z and Millennial survey, Nike, Lululemon and Dick's Sporting Goods showed the strongest competitive positions and/or growth in preference among younger consumers within softlines retail. The survey, conducted in July 2022, had 2700 U.S. consumers participate. (Read More)
Piper Sandler upgraded its stock rating on Lululemon Athletica to "Overweight" due partly to the brand's momentum with teens, as noted in its 44th Semi-Annual Generation Z Survey. (Read More)
According to Reuters, a U.S. judge today dismissed Peloton's lawsuit seeking a declaration that it did not infringe Lululemon's patents in developing its apparel line. (Read More)
Lululemon announced it hired Sarah Clark as VP of EMEA to lead the company as it "continues to grow and deliver on its next chapter of international expansion." (Read More)