Lululemon Is the Latest Company Attempting to Court the Sneakerheads

Watch out, Nike.Author:Leanna ComminsPublish date:Apr 24, 2019Updated onApr 24, 2019In an effort to achieve complete athleisure domination, Lululemon is continuing its expansion beyond its bestselling yoga pants and sports bras . The brand, which made $3.3 billion in sales last year, announced on Wednesday its plan to develop its own footwear line, with which it would, in effect, reach its final form as a one-stop shop for all things performance wear.

"We learned a lot through the collaboration," CEO Calvin McDonald said during a meeting with analysts in New York. "We believe we have identified an opportunity that will be unique to us in the marketplace." Despite the perception that Lululemon is primarily women-focused, this is not the first time Lululemon has vowed to make menswear a priority: During its 2016 earning webcast, the company announced accelerated growth in men's — with sales increasing 20% on average each quarter — and its intentions to capitalize on that by turning its men's business into a $1 billion platform.

lululemon Let’s see !

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves after hours: Lululemon, RH and moreSee which stocks are posting big moves after the bell on June 12.
Source: CNBC - 🏆 12. / 72 Read more »

Lululemon raises full-year forecast, beats quarterly estimatesCanadian athletic apparel maker Lululemon Athletica Inc raised its full-year for... Getch36 But will it continue up tomorrow?
Source: Reuters - 🏆 2. / 97 Read more »

Lululemon beats Q1 sales, earnings expectationsShares of Lululemon Athletica Inc. rose 3% in the extended session Wednesday after the apparel retailer beat Wall Street's first-quarter sales and profit...
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks making the biggest moves premarket: CrowdStrike, Lululemon, RH, Alibaba & moreThese are the stocks posting the largest moves before the bell.
Source: CNBC - 🏆 12. / 72 Read more »

Must Read: Lululemon Sees Growth Thanks to Men's, Fashion Brands Are Using TikTok to Court Young ConsumersPlus, what will bring back the once glorious department store? Destroy Amazon
Source: Fashionista_com - 🏆 474. / 51 Read more »

K-Pop Group iKON Loses Member B.I. After Reports He Allegedly Attempted to Buy Drugs“I’m deeply sorry for causing a controversy over my inappropriate behavior.' This must be how China does things. Don’t be like China.
Source: TeenVogue - 🏆 481. / 51 Read more »