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Lululemon news and archive

Management ANALYSIS

Lululemon Athletica stock on the rise on 500 million dollar acquisition of Mirror

Lululemon Athletica stock started rising after hours on Tuesday, following news on the yoga fashion brand’sacquisition of Mirror, a home fitness business. The deal’s price tag is500 million dollars. The market sees this deal as a move by the fashion retailer to meet consumers where they are now (worldwide lockdowns have been a boon for all sorts...

Jul 1, 2020

Business

Lululemon acquires home fitness provider Mirror

Home fitness has become increasingly important to consumers in the U.S. after three months of stay-at-home mandates and closures of fitness studios. And Lululemon has decided to grow its business to cater to this trend. The athleticwear brand has acquired Mirror, an innovator in the home fitness sphere, for a purchase price of 500 million...

Jun 30, 2020

Retail

Lululemon and TJX begin reopening stores

As countries around the world begin easing their lockdown measures, many stores are able to reopen again. Lululemon and TJX join the list of companies that have announced their phased plan of renewed in-store services, with a focus placed on safety measures. Lululemon After closing the majority of its global stores in mid-March, Lululemon is...

May 22, 2020

Fashion

Lululemon faces boycott after employee promoted #batfriedrice t-shirt

Lululemon, the Canadian athleisurewear giant, ignored all crisis marketing etiquette when one of its art directors endorsed a long sleeve t-shirt print featuring a Chinese takeaway box and text “bat fried rice” on Instagram. On the tee’s arms the words “no thank you” is written. The out of sync instagram post was met with a monumental backlash...

Apr 23, 2020

Business

Lululemon supports its community in time of COVID-19

Activewear and lifestyle brand Lululemon has announced its commitment to its community—which includes consumers, staff, and ambassadors—through the time of the coronavirus. In response to many requests, Lululemon has launched its community—much of which gathers at its retail locations—online with a series of virtual workout classes, meditations,...

Mar 31, 2020

Business

Lululemon confident in long-term China growth amid Coronavirus impact

Athletic apparel company Lululemon Athletica Inc. said Friday that it remains confident in the long-term opportunities in China, despite the current disruption to its growing business in the region due to the coronavirus outbreak. In the update on the outbreak, the company said it continues to work closely with local authorities to prioritize...

Feb 21, 2020

Fashion

Lululemon launches collection to celebrate Chinese New Year

Chinese New Year is well on its way—Jan. 25, to be exact. As a result, Lululemon is encouraging its customers to get into the spirit with a special, limited edition 2020 Lunar New Year collection. The 21-piece capsule collection celebrates the celebratory holiday’s notion of introspection and refocus, featuring versions of the activewear brand’s...

Jan 9, 2020

Report

Lululemon acquires minority stake in fitness tech startup Mirror

New York – Lululemon has participated in the latest fundraising round for Mirror, a fitness startup that brings boutique fitness classes home with high-tech mirrors. The new funding totalled about 34 million dollars in a new funding round led by Point72 Ventures. Lululemon partook with an undisclosed amount and became one of Mirror’s minority...

Nov 3, 2019

Fashion

Lululemon announces upcoming Roksanda collaboration

While Lululemon is no stranger to collaborations, the popular athleticwear brand has announced its first luxury collaboration. Lululemon has teamed with Roksanda on an upcoming line of women's athleticwear. The Lululemon x Roksanda collaboration will be released in two limited-edition collections. The first will be available for purchase as of...

Oct 17, 2019

Business

Lululemon investigates reports of abuse in Bangladesh garment factory

Lululemon has said it is investigating one of its Bangladesh factories following reports that female workers were being physically and verbally abused. Young female workers said they faced physical violence and verbal abuse while working at one of the Canadian athleisure brand’s factories, according to an investigation by The Guardian. Workers...

Oct 16, 2019

Fashion

Lululemon partners with United Nations Foundation

Lululemon wants to promote mental and physical health. The athleticwear brand has partnered with the United Nations Foundation on an initiative to address the health of UN Humanitarian Aid workers. The Canada-based brand will commit 1 million U.S. dollars over the next three years to Peace on Purpose, which is an evidence-based program that...

Oct 8, 2019

Business

Lululemon winds down its Ivivva operations

Lululemon has announced that it plans to shutter its Ivivva business completely. The company had launched Ivivva as a athleticwear brand for kids in 2009, yet decided to scale it back drastically starting in 2017. Now, Lululemon plans to wind down all Ivivva operation in favor of promoting growth elsewhere. For the past two years, Lululemon has...

Sep 27, 2019