A slowing women’s business is hurting Lululemon’s growth

Quick Summary:

While CEO Calvin McDonald said the Breezethrough leggings debacle had a “negligible impact” on its sales, the brand continues to suffer from other merchandise misses.

When it does come back, it will likely be in a style the customer already knows and likes.“We got the read we wanted in that the fabric, which is the real innovation behind it, landed and resonated very well,” McDonald said.

Despite the slower growth, CFO Meghan Frank said the company remains committed to its Power of Three x2 growth plan and remains excited about opportunities in the region.

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Article Details

Author / Journalist: Cara Salpini

Category: EconomyBusiness

Markets: United StatesCanada

Topics: Product Growth Analysts Leggings Lululemon Impact” Brand Sales Breezethrough Mcdonald “negligible

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 11:32:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 569 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 22318802

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