The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
NEW YORK, United States — Lululemon Athletica Inc. reassured investors that the athletic apparel trend isn't dead.
Shares of the retailer surged in late trading after the company posted second-quarter profit and sales that topped analysts’ estimates. Lululemon also delivered a forecast for the year that beat projections.
The results are a bright spot following disappointing quarterly reports from sporting goods companies like Finish Line Inc., which stoked investor fears that the athletic industry is flagging. Lululemon chief executive officer Laurent Potdevin is working to diversify the yogawear maker's offerings in a crowded marketplace. He's appealing to men, expanding internationally and adding more technical innovation to the clothing.
The stock rose as much as 8.5 percent to $62.45 in late trading in New York. It had fallen 11 percent this year through Thursday’s close.
By Lindsey Rupp; editors: Nick Turner, Lisa Wolfson.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.