Lululemon news and archive

Following French retailer Kiabi, Lululemon hit by organized theft of one million dollars

After the 100 million euros embezzled by the former treasurer of Kiabi, it is Lululemon's turn to be the victim of a million-dollar scam orchestrated by a couple from Minnesota. While Aurélie B. allegedly abused her role to empty Kiabi's accounts, Lululemon thieves set up an ingenious system to steal merchandise from the store. Two cases that...

Fashion |In Pictures

Lululemon launches new limited-edition capsule collection with Disney

Canadian activewear brand Lululemon has partnered with Disney to launch a new, limited-edition collection inspired by both brands’ recognition of the importance of well-being through movement, practicing joy, and appreciating the fun moments in life. The new 34-piece collection features exclusive versions of classic Lululemon performance styles...

Fashion |Interview Featured

Fanatics boosting growth with branded and female-focused collabs

Fanatics Commerce, a leading designer, manufacturer, and seller of licensed fan gear, jerseys, lifestyle and streetwear products, is looking to produce more branded and female-focused collaborations following the successful launch of its Lululemon x Fanatics x NHL collection last week. The collection with Canadian activewear brand Lululemon...

Fashion |In Pictures

Lululemon teams up with Fanatics to launch NHL merchandise

Canadian activewear brand Lululemon is partnering with Fanatics to launch a new premium line of fan apparel for the National Hockey League (NHL). The multi-year partnership will see Lululemon offering a collection of some of its most popular men’s and women’s products for Fanatics, including the Scuba Hoodie, Define Jacket, Align Pant, Steady...

BusinessFeatured

International markets drive Lululemon's Q1 results

For the first quarter, Lululemon Athletica reported a net revenue increase of 10 percent or 11 percent in constant dollars to 2.2 billion dollars. Comparable sales for the quarter increased 6 percent or 7 percent on a constant dollar basis. The company's Power of Three ×2 growth plan calls for a doubling of the business from 2021 net revenue of...

People

Lululemon announces the departure of chief product officer

Lululemon Athletica has announced that the company plans to implement an updated and more integrated organisational structure, in conjunction with the departure of Sun Choe, chief product officer. The company said in a release that the strategic organisational changes are intended to support the company’s near and long-term growth plans,...

Fashion Featured

Canada's Competition Bureau investigating Lululemon over greenwashing allegations

Canada's Competition Bureau has initiated a formal probe into Lululemon's environmental claims featured in its marketing campaigns, spurred by allegations of deceptive tactics. Marianne Blondin, a bureau spokesperson, confirmed the investigation to Canadian broadcaster CBC. Stand.earth, the advocacy group at the forefront of the scrutiny, has...

Business

More job cuts at Lululemon as it closes U.S. distribution center

Canadian Athleisurewear giant Lululemon is set to close its distribution center in Washington, leading to the layoffs of 128 employees, according to a filing in the local state. Shares in the company have fallen over 31 percent since the start of 2024. The job cuts are expected to commence on June 21, with plans to shut down the facility by the...

Fashion |In Pictures

Lululemon unveils Team Canada’s Olympics uniform

Vancouver-based activewear brand Lululemon has unveiled Team Canada’s summer athlete kit for the Paris 2024 Olympic and Paralympic Games. This marks the second time the Canadian brand has dressed its home country's Olympic and Paralympic teams but the first time it is creating athlete kits for warm weather. Calvin McDonald, chief executive at...

Business

Lululemon suffers share price slide despite strong annual results

Canadian sportswear provider Lululemon Athletica Inc. exceeded market expectations in the 2023/24 financial year. However, the outlook for the current year, which the company presented on Thursday evening together with the latest results, was rather cautious. As a result, the share price temporarily slipped by around 12 percent. Thanks to a...

People

Lululemon appoints former Gap CFO to board

Athleisure retailer Lululemon has announced the appointment of Teri List to its board of directors. List counts a number of notable fashion and sportswear retailers among her past experience, including Gap Inc. and Dick’s Sporting Goods, where she served as executive vice president and chief financial officer. Prior to this, List had further...

Retail

Lululemon to relocate and upsize in Covent Garden

Canadian athletic apparel brand Lululemon has announced it is relocating its Covent Garden store to a new, larger retail unit within The Yards development. Set to open in summer 2024, Lululemon has secured a prominent 8,364 square foot corner unit on Long Acre, which will mark a 130 percent upsize from its current store. The store will house the...