‘Sweat at home’ should buoy Lululemon - sportstextiles: Lea SportsTextiles

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‘Sweat at home’ should buoy Lululemon

10/09/2020
The CEO of Canadian yogawear brand lululemon athletica says the pandemic-induced trend of “working and sweating” at home should benefit the brand.

Calvin McDonald said: "We're pleased with our overall business results for the second quarter, as lululemon increasingly lives into its Omni potential. 

“As trends around the world are shifting to working and sweating from home with an increased focus on health and wellness, we believe 2020 is likely an inflection point for retail and for lululemon.”

Second quarter revenue was $902.9 million, an increase of 2% compared to the second quarter of fiscal 2019.

Mr McDonald added: "We are cautiously optimistic with regard to the second half of the year as we continue to navigate the uncertain environment."

 


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