Lululemon bolsters antimicrobial partnership as sales recover from luon setback
12/09/2013
Noble has been a longstanding partner of Lululemon, providing its X-STATIC for its Silverescent fabric since 2005 but the tie-up will enable it to revamp the product. Made with 99.9% pure metallic silver, X-STATIC provides permanent odour protection by naturally inhibiting the growth of bacteria on the surface of fabrics.
Lululemon’s revenues for the quarter which ended on August 4 increased to $344.5 million from $282.6 million in the second quarter of fiscal 2012, and sales rose 12%. Profit for the quarter increased 19% to $186 million.
Christine Day, Lululemon's CEO, said: "2013 continues to be the most important and most productive year in Lululemon's history. We have not only worked our way back from the black luon setback, but have also added very talented people in important functions and have taken major steps forward on a number of key fronts including the expansion of our international and men's businesses and many logistical initiatives.
“We are well on our way to finishing 2013 as a much stronger company than when the year began. I am confident that the leadership currently in place coupled with a new CEO will have tremendous success leveraging the platform for growth."
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