Finance Lululemon sales fall 17% as retailer takes hit from stores being closed, shares drop Staff Editor June 11, 2020 Share on Facebook Share on Twitter Share via Email Subscribe Now Log in Lululemon reported a fiscal first-quarter sales decline of 17%, as its strong digital business wasn’t enough to offset the losses from its stores being temporarily shut due to the coronavirus pandemic. The yoga pants and sports bra maker also suffered from the other shops that it sells in being shut, it said. Still, as more people stocked up on workout gear and comfortable clothing during the pandemic, Lululemon Chief Executive Calvin McDonald said the retailer saw one of its largest market share gains ever during the quarter, citing NPD Group data. The company said its women’s bottoms, including its leggings, were some of the bestsellers…. READ MORE @ CNBC Find the full earnings press release here. Lululemon reported a fiscal first-quarter sales decline of 17%, as its strong digital business wasn’t enough to offset the losses from its stores being temporarily shut... Membership Required You’ve reached your 3-article monthly limit. Subscribe to ATN Pro for unlimited access to industry-leading coverage, insights, and analysis shaping the future of fitness and wellness. ATN Pro members get: Unlimited access to Athletech News articles Exclusive access to ATN Pro-level reporting Discounts to ATN the Innovation Summit VIP access to community events Exclusive email newsletters Subscribe Now Already a member? Log in Already a member? Log in here Tags: coronavirus Lululemon
