H&M Profit Rises on Tariff Refunds as Sales Remain Sluggish
US tariff refunds drove an increase operating profit, even as the fast-fashion retailer has struggled to deliver consistent sales growth.
Vancouver, Canada
Retail
Lululemon Defies Brick-and-Mortar Woes in Plan To Add Stores
The sportswear company said its stores are small, profitable and serve as an anchor for the brand’s loyal customers.
Retail
Bolstered by Lockdown Measures, Lululemon Beats Earnings Estimates
A shift to remote working and at-home exercise around the globe due to the COVID-19 pandemic has increased demand for comfortable athletic clothing.
Retail
Lululemon Revenue Falls Below Analyst Forecasts
Despite a 70 percent surge in online sales, the activewear company's temporarily shuttered stores impacted its performance.
Retail
Lululemon Capitalises on Activewear Boost as Shares Jump
Analysts predict the activewear company will dominate the market, with shares climbing 92 percent, as consumers working from home prioritise comfort.
ADVERTISEMENT
Retail
Lululemon's New Product Investments Hit Holiday Quarter Profit Forecast
The company plans to invest in developing new sports bras and accessories to keep up with the competition and investors' growth expectations.
News & Analysis
Lululemon Shares Jump After Boost in Outlook, Defying Weakness in Apparel Sector
The activewear company’s 10th consecutive profit beat is another sign that demand for $98 yoga pants and $68 men’s tank tops remains strong.
Retail
How One Canadian Boutique Is Trying to Beat the Retail Slump
As competitors shut down locations and slash costs, the women’s clothing retailer Aritzia is pursuing an alternate strategy.
News & Analysis
Lululemon Opens Workout Studio Where Visitors Can Borrow Clothes
The activewear company has always leaned into fitness classes, but this expansion allows it to monetise its experience-based offerings.
ADVERTISEMENT
Retail
Lululemon Closes Menswear-Only Stores
Despite plans to more than double its men’s business in the next five years, the athleticwear company has quietly closed its men’s standalone stores in New York City and Toronto.
News & Analysis
Lululemon Feud With Billionaire Founder Continues
Having stepped down as chairman and threatened a boardroom fight in 2013, Chip Wilson's right to designate a board nominee has been terminated.
Beauty
Lululemon to Branch Into Shoes and Self-Care
The yoga pants maker also expects to more than double the size of its revenue from the business segment by 2023.
News & Analysis
Lululemon to Unveil Growth Plans at First Analyst Day Since 2014
The upscale yogawear maker is hosting its first analyst day since 2014, when it’s expected to share its strategy for the next few years and disclose new financial targets.
The News in Brief
Arnault Clan to Change LVMH Holding Structure to Ensure Control
Under the plan, the world’s biggest luxury group will be controlled by one entity, Agache SCA, after Christian Dior SE, one of the current holding companies of LVMH, is delisted.
JD Sports Says Nike Turnaround Is Only a Matter of Time
Dominic Platt, chief financial officer of the British sportswear retailer, told Reuters, ‘Much as there's a lot of talk about Nike, it's still the most popular brand out there and it's still a very strong brand.’
Chanel Plans to Keep Investing in China Despite Demand Downturn
CEO Leena Nair pointed to the brand’s recent renovation of its Plaza 66 boutique in Shanghai, calling China ‘a market where the clients understand sophistication, refinement.’
Meta Expected to Unveil Smart Glasses Without Camera
Smart glasses have become a target of criticism in recent months amid growing concerns they can be used to record people without their consent.
Record Global Fibre Production Pushes Fashion’s Environmental Footprint Higher
Planet-warming emissions associated with the raw materials used to make fashion, footwear and home textiles have risen 30 percent since 2019, according to a new report.
Novo Nordisk Looks to Target Hair Loss in Consumer Push
The maker of Ozempic and Wegovy seeks to expand its direct-to-consumer pharmaceutical business as rival Eli Lilly outpaces in weight-loss drugs.
On Targets High-Teens Growth Through 2029
The Swiss brand revealed its plan to keep up its momentum with new products in sports such as golf and its Mbappé-supported entry into football ahead of its investor day Tuesday.