Calvin McDonald
Lululemon Cuts Full-Year Guidance as Competitors Circle
It’s been a rough summer for Lululemon, marred by a failed leggings launch and slumping sales in its women category.
Lululemon Shares Hit Record High Despite Activewear Uncertainty
Lululemon CEO Calvin McDonald noted a challenging macroeconomic environment ahead, even for surging activewear brands like the Canadian giant.
Lululemon Has Strong Quarter but Silent on Connected Fitness
Lululemon grew its revenue to $2.2 billion for the quarter but didn't reference any news regarding its struggling connected fitness division.
Lululemon Can’t Find Buyer for Mirror, Even at Cut-Rate Price, Per Report
Lululemon acquired Mirror for $500 million in June 2020 amid the at-home fitness boom, but the deal has proved to be a flop.
Lululemon CEO Defends Firing Employees Who Intervened in Robbery: ‘It’s Only Merchandise’
Lululemon CEO Calvin McDonald said the employees failed to abide by the company’s zero-tolerance policy for engaging thieves during a robbery.
Lululemon’s New Deal With Xponential Signals Move Away From Mirror
Lululemon and Xponential Fitness are partnering to bring more digital workouts to Lululemon Studio, the athleisure company's app.
Lululemon Sees Sales Jump 24%, Fueled By China Growth
Lululemon reported particularly strong sales growth internationally, including greater China, where the brand is increasing its marketing.
Lululemon Expanding Vancouver HQ, Creating 2,600 New Jobs
Lululemon has promised to create thousands of jobs in Canada after receiving an important designation from the federal government.
Lululemon Exploring Sale of Mirror Less Than 3 Years After $500M Acquisition
Lululemon is reportedly working with an advisor on a potential sale of Mirror, the athleisure brand's underperforming at-home fitness device.
Mirror, Mirror… Lululemon Says At-Home Fitness Remains Challenged, Shifts its Connected Fitness Mirror to Lower Cost to Entry Model
While Lululemon reported positive 2022 Q4 earnings, it is now looking to pivot away from its original plan for Mirror.
