Lululemon ‘excited’ by international growth - sportstextiles: Lea SportsTextiles

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Lululemon ‘excited’ by international growth

10/09/2015
The CEO of yoga brand lululemon athletica has said he “excited” by the progress made with the businesses international expansion, as revenues for the second quarter rose 16% to $453 million.
Profit for the quarter increased by 7% to $212 million.

CEO Laurent Potdevin said: "We exceeded our revenue targets for the past quarter, supported by strong performance from both our store and e-commerce channels. Looking to the remainder of the year, our team is laser focused on meeting our strategic key goals: grow our global collective, relentlessly innovate our product lines and continue to create transformational experiences for our guests."

The company, which appears to have distanced itself from troubles in the preceding couple of years, operates 336 stores.

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