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.
VANCOUVER, Canada — Lululemon Athletica Inc. dropped after the company reported revenue that fell short of expectations, with a doubling of online e-commerce not enough to compensate for shuttered stores.
The Vancouver-based retailer said online sales climbed 70 percent in the quarter that ended May 3 after excluding currency impacts. Including brick-and-mortar stores, revenue was $652 million, which was short of analysts’ estimate for the first time in almost four years.
Key Insights
Market Reaction
Shares fell as much as 8.4 percent in after-market trading. The stock, which has 23 buy recommendations from analysts, 12 holds and one sell, advanced 33 percent this year through Thursday’s close.
By Sandrine Rastello
Pandemic-related disruptions of supply chains may be dissipating, but the pressure on brands to mitigate the risks of bottlenecks is not.
Ten years after inception, the fast-growing premium jeans maker is betting on the power of the runway.
The executive, a company veteran who is currently the chief operating officer of Versace, fills a role that has been vacant since last March. He’s tasked with continuing Kors’ upscale repositioning.
The digital-first basics brand known for “radical transparency” is betting a stronger stylistic point of view will help it boost performance.