Lululemon CEO Calvin McDonald defended the firing of two employees who confronted three masked thieves robbing a Georgia store and called the police, with McDonald saying that company policy is for staff to “let the theft occur” and not try to intervene. “We have a zero-tolerance policy that we train our educators on around engaging…
Lululemon CEO Defends Firing Employees Who Confronted Robbers: ‘Step Back, Let the Theft Occur’
Lululemon Promises 2,600 New Jobs After Exemption From Some Immigration Rules
Vancouver-based company Lululemon says it will expand its headquarters in the city and create 2,600 jobs over the next five years. The announcement comes months after the federal government granted the company the ability to hire foreign workers for certain highly skilled positions, including management jobs, software engineers and computer technicians, without needing to apply…
Lululemon Lifts Annual Forecasts on Strong Demand for Fresh Products
Lululemon Athletica Inc on Thursday raised its annual profit and revenue forecasts to above analysts’ estimates as affluent customers snap up its new belt bags, golf and tennis clothing, sending its shares up 10 percent in extended trade. Higher-income consumers have largely shrugged off the impact of inflation to spend on discretionary goods including apparel…
Authorities Recover Over $200,000 in Stolen Lululemon Merchandise
June 14, 2022
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LOS ANGELES—The California Highway Patrol’s Organized Retail Crime Task Force has recovered a shipment of stolen Lululemon products valued at more than $200,000, authorities said Tuesday. The capture is the largest of stolen items in the athletic apparel retailer’s history, according to a company representative. California Highway Patrol (CHP) investigators from the Border Division’s task…
Lululemon Signs First Golfer and You Won’t Believe Who It Is
This apparel company is well-known for yoga pants and appealing to women. Could the company’s entry into golf and men’s apparel get a push with the addition of a new brand ambassador? What Happened Lululemon Athletica Inc. recently launched a line of golf apparel in its latest initiative to grow beyond just yoga pants. It…
Is Lululemon Stock Headed Back Toward All-Time Highs? Technically Yes and Here’s Why
Lululemon Athletica, Inc. was trading about 1.65 percent higher on Thursday, as the stock attempted to break up from a bull flag pattern on the daily chart. The bull flag pattern is created with a sharp rise higher forming the pole, which is then followed by a consolidation pattern that brings the stock lower between…
Chart Wars: Between Lululemon and Nike, Which Stock Looks Set to Jump Higher, Faster?
Lululemon Athletica, Inc. and Nike, Inc. have both fallen significantly from their record all-time highs, with Lululemon trading down about 30 percent since Nov. 16 and Nike losing about 20 percent of its value since Nov. 5. However, the bottom may be in for the stocks, because on Jan. 24 Lululemon and Nike both hit a support…
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