Lululemon news and archive

Lululemon's Q4 sales jump, aims to double revenues by 2026

Lululemon Athletica Inc. reported fourth quarter net revenue increased 30 percent to 2.8 billion dollars or increased 33 percent on a constant dollar basis. For fiscal 2022, the company’s net revenue increased 30 percent to 8.1 billion dollars or increased 32 percent on a constant dollar basis. The company said in a statement that its Power of...

Mar 29, 2023

Event

AAFA announces board of directors leadership and election results for 2023-2024

The American Apparel & Footwear Association announced the renewal of its Board of Directors leadership, and the addition of 16 new and re-elected Board members. The following individuals were confirmed as AAFA’s Board of Directors leadership for the 2023-2024 term: Ted Dagnese, lululemon athletica – Chair Josue Solano, BBC International – Vice...

Mar 3, 2023

Business

lululemon’s support for diversity with its new Supplier Inclusion and Diversity Program

lululemon, the athletic apparel brand, launched the new IDEA (Inclusion, Diversity, Equity, and Action) Supplier Inclusion and Diversity Program. The initiative is designed to support and encourage diversity within the company's supply chain, with a particular focus on empowering underrepresented and disadvantaged organisations. Stacia Jones,...

Feb 14, 2023

Business

Nike sues Lululemon over alleged patent infringements

Nike is claiming Canadian athleisure giant Lululemon is infringing patents related to the use of textile and other structural designs of its footwear. Nike alleges Lululemon’s Blissfeel, Chargfeel and Strongfeel sneakers are violating copyright and infringing its patents of its Flyknit technology. Nike, which is seeking an undisclosed sum in...

Feb 1, 2023

People

Lululemon appoints new chief merchandising officer

Lululemon is welcoming Elizabeth Binder to its product team. Binder will serve as chief merchandising officer with the aim to improve future growth and innovation. She will report to Sun Choe, chief product officer at the company. Binder will lead the development and execution of Lululemon’s global merchandising strategy and blueprint. She will...

Jan 16, 2023

ManagementFeatured

Lululemon Q3 revenue up 28 percent, ups FY outlook

Athletic apparel brand Lululemon has upped its full-year guidance after posting a 28 percent increase in revenue in the third quarter of the year. The US-Canadian company made revenue of 1.86 billion dollars in the period, up from 1.45 billion dollars a year earlier. Comparable store sales were up 14 percent, or 17 percent on a constant dollar...

Dec 9, 2022

Report

Lululemon appoints Apple’s Isabel Ge Mahe to board

US activewear brand Lululemon has named Isabel Ge Mahe as a new board member, effective immediately. Ge Mahe has spent the past 15 years at Apple, joining in 2008 as vice president of wireless technologies before being promoted in 2017 to her current position as vice president and managing director of the company’s Greater China business. She...

Nov 9, 2022

RetailFeatured

Lululemon and Hibbett are paving way in omnichannel, according to new report

A new report by omnichannel platform NewStore has detailed the retail brands that were found to be paving the way in omnichannel capabilities. Now in its eighth edition, the firm’s ‘2023 Omnichannel Leadership Report’ audited the operations of 300 luxury, premium and lifestyle retail brands in North America, with the goal of assessing the...

Oct 20, 2022

Business

Lululemon launches new fitness platform

Fitnesswear brand Lululemon has revealed it will be launching a new platform dedicated to providing members with fitness content and products. Launching October 5, ‘Lululemon Studio’ will be accessible through an app, in-person experiences and via the brand’s Studio Mirror product, which already offers on demand and live-streamed classes through...

Sep 29, 2022

Report

Lululemon appoints Sarah Clark as SVP for EMEA

Fitness retailer Lululemon has announced the appointment of Sarah Clark as its new senior vice president for the EMEA region. It comes as the Canadian brand continues to work towards an international expansion, appointing Clark to lead the growth in this particular market. From September 2022, Clark’s focus will be on business growth via retail,...

Sep 27, 2022

Business

Yoga practitioners join in call urging Lululemon to cut use of fossil fuels

Over 1,600 international yoga practitioners have joined in signing an open letter to Lululemon requesting for the athleisure company to transition to renewable energy. In a release, the group noted that nearly half of Lululemon’s energy comes from factories powered by burning coal, which it added is ultimately harmful to people and the...

Sep 19, 2022

ManagementFeatured

Lululemon ups full-year outlook on strong Q2

Athletic apparel brand Lululemon has upped its full-year guidance after reporting strong revenue and profitability in the second quarter. The US-Canadian company reported a 29 percent increase in net revenue to 1.87 billion dollars thanks to 28 percent growth in its North American business and 35 percent growth in its international business. CEO...

Sep 2, 2022