LULU news and archive

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’s acquisition of Mirror, a home fitness business. The deal’s price tag is 500 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...

Business|ANALYSIS Featured

Lululemon’s CEO reassures the market: “Our financial health is strong”

New York – In a recent earnings, Calvin McDonald, CEO at Lululemon, discussed the company’s fourth-quarter results, as well as the near future of the company in the light of the coronavirus pandemic. The yoga apparel brand’s leadership is confident in their results in the short and middle term. “The safety and well-being of our people and our...

Retail

Lulu plans to open more Tablez stores

Lulu plans to open more Tablez stores. Tablez, the organized retail arm of Lulu, holds the India licenses for fashion and lifestyle brands Springfield, Yoyoso, Desigual, and Women’secret. Tablez currently runs two Women’secret stores in India and aims to increase the total to 18 in 2020. With retail stores, supermarkets and hypermarkets still...

Business|ANALYSIS Featured

Market cheers LULU's strong Q4 results with stock uplift

New York - Shares of Lululemon Athletica Inc. jumped in early trading Monday after the yoga apparel brand increased its fourth-quarter guidance for sales and profit. The news lifted the mood across the apparel sector, battered with overall poor holiday sales figures. Lululemon enjoyed the best holiday season in six years, therefore raising its...

Apparel

Lulu to step into Indian shores

M A Yusuffali, the Gulf-based entrepreneur, wants to enter India’s retail market in 2012 with Kerala’s biggest shopping mall. Incidentally, he also hails from Kerala. His retail operations cover not just Dubai, but all the countries in the Gulf Cooperation Council and Yemen and Egypt. He was the first foreigner to be elected to the board of the...