We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Oct 29, 20205:47pm

Lululemon raises its forecasts for 2019 and sets course for 4,000 million dollars

The Canadian fashion company, which has not yet presented its official economic results, expects revenues of up to 1,380 million dollars.

Jan 13, 2020 — 6:06pm
MDS
Save

 

Lululemon raises its forecasts for 2019 and sets course for 4,000 million dollars

 

 

Lululemon boosts 2019 sales. The Canadian fashion and sporting company estimates it will increase its revenue by 20.5%, to 3,962 million dollars in 2019, after considering the year as a year of transformation and international growth.

 

The company, which has not yet presented its official results, has disclosed in a statement that between October and December it improved its initial economic forecasts. Lululemon planned to reach a maximum of 1,330 million dollars in the fourth quarter of 2019, however, its revenues will is set to reach 1,380 million dollars.

 

Last week the Canadian company incorporated Nikki Neuburger as the global brand director. The former Nike and Uber exec will set in motion a new phase this year within Lululemon, which initiated in 2019 as a strategic transformation plan to accelerate its international expansion and diversify its clothing line to include men’s wear.

Advertising
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
...