Additional Information. Show source. Show sources information Show publisher information. Number of lululemon athletica stores worldwideby country. Global sales of the top performance apparel, accessories and footwear companies Brand value of the leading 10 apparel brands worldwide This feature is limited to our corporate solutions. Please contact us to get started with full access to dossiers, forecasts, studies and international data. We use cookies to personalize contents and ads, offer social media features, how much money is lululemon making online sales analyze access to our website. In your browser settings you can configure or disable this, respectively, and can delete any already placed cookies. Please see our privacy statement for details about how we use data. Inlululemon’s net revenue from its U.
Shares of Lululemon Athletica jumped more than 7 percent in after-hours trading Thursday after the athletic apparel retailer reported second-quarter earnings and sales that topped analysts’ expectations, boosted by e-commerce sales growth of nearly 50 percent. McDonald replaced Laurent Potdevin, who resigned earlier this year after falling «short of [Lululemon’s] standards of conduct ,» the company said at the time. On a call with analysts and investors Thursday afternoon, McDonald said Lululemon will continue to expand its men’s business and outerwear category, which includes more big-ticket items. The push into men’s is expected to be a big growth driver for Lululemon moving forward, according to industry analysts. For female shoppers, Lululemon spearheaded a movement toward «athleisure» apparel in the U. Lululemon continues to see strong traffic at its stores in North America, a market where brands like Nike and Under Armour have been struggling to keep growing of late, hurt by the bankruptcies of Sports Authority and other wholesalers in the U. Lululemon also has an aggressive expansion strategy to take its business global, with a heavy emphasis on China. Excluding one-time how much money is lululemon making online sales, Lululemon earned 71 cents a share, while analysts were calling for earnings of 49 cents per share, according to a poll by Thomson Reuters. Sales at Lululemon stores open for at least 12 months were up a staggering 20 percent during the quarter. Analysts were forecasting same-store sales growth of 9. The company said some of its strongest categories were women’s and men’s pants, thanks to new, versatile fabrics that encourage customers to wear those items at work, at the gym and out at dinner. It said its accessories business — for merchandise like water bottles and gym bags — was the strongest in five years.
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Lululemon is «clearly taking share from traditional athletic players such as [Under Armour] by having more fashionable quality lifestyle apparel,» B. Sign up for free newsletters and get more CNBC delivered to your inbox.
Vancouver company is looking to double the revenue of its men’s and digital businesses
Lululemon released a fresh, five-year growth plan on Wednesday ahead of its first investor day five years and the first under new CEO Calvin McDonald. The sports-bra and leggings maker says it plans to double sales of its men’s and online businesses and quadruple international revenues, by It’s targeting annual revenue growth in the low teens over the next five years. And it’s now expecting operating income growth to exceed revenue growth each year, with «modest» gross margin expansion, and earnings-per-share growth either equating to or exceeding operating income growth annually. Analysts and investors are looking to see if McDonald, who joined Lululemon as CEO in August from cosmetics company Sephora after Laurent Potdevin was ousted amid misconduct allegations, can keep the momentum going at the athletic apparel company. And the one word that kept resonating in any market I’ve [traveled to] was the opportunity that still rests ahead for Lululemon in both North America, in any international market, in our stores,» McDonald told analysts. Key areas of focus at Lululemon include the expansion of its men’s business, growth overseas in markets like China, shaping a stronger e-commerce platform and building a base of loyal shoppers. One initiative has been its testing of a new loyalty program , where members pay an annual fee for perks including expedited shipping and workout classes. To help boost online sales, Lululemon says it plans to take its buy online, pick up in store option from 35 shops today to its entire fleet in North America by this back-to-school shopping season. It’s also growing its online assortment to be double what it sells in stores. And to better serve men, Lululemon says it’s adding more items designed specifically for them, like better-fitting running shirts, instead of just building on previous women’s lines.
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