We use first party and third-party Cookies to help us understand Website usage and to improve the content and offerings and to provide you advertising, analytics and other purposes related to your navigation habits. If you continue scrolling, we consider you accept the policy. You can read more about our cookie policy.


The global fashion business journal

Jan 28, 20208:52pm

Lululemon grows double digit, revenue reach 916 million in third quarter

The sportswear company grew 23% in the third period, fueled by direct to consumer sales, that increased 30% year-on-year.

Dec 12, 2019 — 4:01pm
mds
Save

Lululemon grows double digit, revenues reach 916 million in third quarter

 

 

Lululemon’s double digit growth in the period. The sportswear company ended the third quarter with sales of 916.1 million dollars, up 23% compared to the same period of 2018. The company continues increasing its revenue above 20% and in the first nine months of the year reached sales of 2.5 billion dollars.

 

The company’s stated that direct consumer sales have grown at a higher rate than average, with a year-on-year increase of 30% in the third quarter of 2019. This performance has made this channel has to represent 26.9% of total sales of the company. The company ended the period with 479 directly operated stores.

 

The sportswear company announced yesterday the departure of its chief operation officer and EVP, International, Stuart Haselden, effective January 10, 2020. Haselden joined lululemon in 2015 as chief financial officer and was one of three leaders who guided the company during its chief executive officer search last year. 

Advertising
Comment
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...