Day: June 14, 2023
Lululemon touts ‘biggest day ever’ on Black Friday as sales jump 28%
Dive Brief: Lululemon appears untouched by industrywide concerns about less spending from inflation-weary shoppers, reporting 28% revenue growth in the third quarter. Revenue reached $1.9 billion as comps grew 22%, according to a company press release. Operating income was up by close to $100 million, while net income increased by almost $70 million. Lululemon sees