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Lululemon news and archive

Why investors didn't flinch at Lululemon's growth ambitions

Lululemon thrived during the pandemic. A consumer shift to comfortwear saw its sales skyrocket and demand for its sporty wardrobe pieces soar. Perhaps that is why investors did not flinch when the Canadian retailer said it aims to double sales to 12.5 billion dollars by 2026. It was more or less already expected. Last year at the height of...

Apr 21, 2022

Fashion Featured

Lululemon expands ‘Like New’ resale programme

Fitness brand Lululemon is expanding its ‘Like New’ recommerce programme to all its US stores from April 22, following a successful pilot in Texas and California in 2021. The ‘Like New’ trade-in and resale programme, allows consumers to trade in pre-loved Lululemon clothing in exchange for an e-gift card at one of more than 390 participating US...

Apr 12, 2022

Fashion Featured

Nike, Coach, Lululemon rated top brands by US teens

Piper Sandler’s Semi-Annual Generation Z Survey of American teens shows Nike as top footwear and apparel brand of choice. Coach, Michael Kors and Lululemon also score high. Now in its 43rd year, the survey highlights discretionary spending trends and brand preferences from 7,100 teens across 44 U.S. states with an average age of 16.2 years. “Our...

Apr 8, 2022

Report

Lululemon announces two senior product team hires

Lululemon has made two new key hires to its product team. Simon Atkins is joining the US activewear brand as senior vice president of footwear, where he will develop and execute the brand’s global footwear strategy and business, overseeing the category’s innovation, development and merchandising teams. Atkins joins from Adidas, where he spent...

Apr 6, 2022

ManagementFeatured

Lululemon reports record annual revenue after strong Q4

Athletic apparel brand Lululemon has reported annual revenue surpassing 6 billion dollars for the first time following strong growth in the fourth quarter. In the quarter ending January 30, the brand made net revenue of 2.1 dollars, a 23 percent increase from the previous year, and a 52 percent increase compared to two years ago. Its net income...

Mar 30, 2022

Business

Lululemon steps into footwear with women's running shoe

Athletic apparel brand Lululemon has branched out into footwear with the launch of its first women’s running shoe. The initial style, called Blissfeel, was unveiled at a media event in New York on Tuesday and will be available online and in select stores across North America, Mainland China and the UK from March 22. Three additional styles -...

Mar 9, 2022

Fashion

Lululemon releases Mylo material collection

Lululemon has dropped two bags made from mushrooms, as part of the company's ongoing commitment to sustainability. The Canadian athletic apparel and accessories retailer has unveiled the world’s first yoga accessories made from Mylo, a vegan, sustainable, animal-free leather alternative made from renewable mycelium, the root structure of...

Feb 9, 2022

Fashion

Lululemon to launch first-ever tennis collection this spring

Lululemon has confirmed that it will launch its first-ever tennis collection this spring, as it names US Open 2021 runner-up Leylah Fernandez as its newest ambassador. The Canadian tennis star will wear Lululemon on-and-off the court starting at the upcoming Australian Open, running from January 17 to 30. Lululemon added that Fernandez would put...

Jan 12, 2022

Business

Nike files lawsuit against Lululemon for patent infringement

Nike, Inc. has filed a lawsuit against Lululemon Athletica Inc concerning the infringement of six Nike, Inc. patents by Lululemon’s manufacturer for the sale of the Mirror Home Gym and related apps. According to a report by Reuters, the case surrounds, among other things, the technology that allows users to target specific levels of exertion...

Jan 6, 2022

Business

PETA calls on Lululemon to report slaughter methods in production

People for the Ethical Treatment of Animals (PETA), a shareholder of Lululemon, has requested a report by the retailer on its slaughter methods used in the production of its down jackets. A shareholder resolution submitted to the company’s board of directors looks to find if the methods are inconsistent with the athleisure brand’s animal welfare...

Dec 24, 2021

Business

Lululemon launches countersuit against Peloton

Bloomberg has reported that Lululemon has launched a countersuit against Peloton for infringement just five days after Peloton filed a pre-emptive suit against Lululemon. The lawsuit involves co-branding deal that has since dissolved. Peloton entered the deal with Lululemon in 2016 to capitalize on the latter’s immense popularity with the...

Nov 30, 2021

Business

Peloton sues Lululemon

Bloomberg has reported that Peloton Interactive Inc. has sued Lululemon Athletica Inc. in a preemptive move to protect their new athletic-wear line from a trademark by Lululemon, their former co-branding partner. In a November 11 cease-and-desist letter, Lululemon claimed five Peloton products infringed on their apparel design patents. Peloton...

Nov 29, 2021