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
BoF Careers provides essential sector insights for fashion professionals in retail this month, to help you decode fashion’s retail landscape.
Aviator Nation’s pricey sweatpants and cashmeres had a cult following before they were swept up in the “dopamine dressing” phenomenon. Now, founder Paige Mycoskie – still the brand’s only shareholder – is ready to see just how big her vision for California surfer cool can get.
Small stores can remain competitive by scaling their private labels, testing new store concepts, and offering brands consumers can’t find on Farfetch or in Selfridges.
Investing in a VIP resale platform is another play from the e-commerce pioneer to win over luxury buyers and sellers.