Lululemon Athletica updates its guidance for fourth quarter | Retail News USA
Home » News » Retailers News » Lululemon Athletica Updates Its Guidance For Fourth Quarter

Lululemon Athletica updates its guidance for fourth quarter

Share: 
      Newsletter

READ MORE ON Apparel RetailerHoliday SeasonLululemon AthleticaRetailer News USA

Lululemon Athletica

Image Courtesy: cargocollective.com

Lululemon Athletica Inc., a yoga-inspired apparel athletic company, has updated its net revenue guidance for the fourth quarter of current fiscal ending 29th January, 2017. The company is anticipating its net revenue in the range of US $ 775-785 million based on a total comparable sales increase in the mid-single digits on a constant dollar basis. Earlier, the guidance of net revenue was in the range of US $ 765-785 million for the comparable period.

“We had a strong holiday season in both our store and digital channels driven by our assortment, operational execution and guest experience. Our entire team is excited about the momentum in the business and I am grateful to our global collective for their great work and enthusiasm. We look forward to 2017 as we continue to advance on our long-term goals,” said Laurent Potdevin, CEO, Lululemon Athletica.

Also ReadLululemon Athletica’s revenue soars 13%

Lululemon Athletica is a healthy lifestyle inspired athletic apparel company for yoga, running, training, and most other sweaty pursuits, with products that create transformational experiences for people to live happy, healthy, fun lives.

 

Have some news? Let us know on news@apparelresources.com

Recommended by Apparel Resources

Sycamore wins bid for The Limited

New York-based Sycamore Partners, a private equity firm specializing in retail and consumer investments, has grabbed the winning bid for the e-commerce business...

TJX’s net sales zooms 6% in fourth quarter

TJX Companies Inc., leading off-price retailer of apparel and home fashions in the US and worldwide, has announced its financial results for the...

E-commerce firm Myntra bags India rights for MANGO

A deal has been inked between India-based fashion e-retailer Myntra and Spanish fashion brand MANGO. As per the agreement, Myntra now has the...

Dick’s Sporting Goods announces opening of five new stores

Dick’s Sporting Goods, the largest US-based full line omni-channel sporting goods retailer, has announced to open five new stores during the second week...

L Brands sees surge in Q4 sales

US-based L Brands has unveiled fourth quarter results. During the fourth quarter, the fashion retailer noted a decrease of 8 per cent in operating income to US $ 987.6 million...

Eco Tek 360, Inc (OTCQB: GFTI) Is Pleased To Announce That Paul Serbiak Has Been Appointed As Chief Executive Officer

Somerville, NJ, Feb. 22, 2017 (GLOBE NEWSWIRE) -- We are pleased to announce that Paul Serbiak will immediately be assuming the role of Chief Executive Officer at EcoTek360, Inc. http://www.ecotek360.com Mr....

London tops Luxury Store Openings List for 2016: Report

According to global real estate services provider – Savills’ ‘Global Luxury Retail Report’, London has topped the global ranking of new luxury shop...

T.J. Maxx likely to open its first ever Australian store

T.J. Maxx, one of the largest clothing retailers in the United States, has reportedly decided to open its first store in Australian city...

Saks Fifth Avenue to enter Indian market!?

A deal is expected to be framed soon between Saks Fifth Avenue Inc., American luxury department stores, and Aditya Birla Fashion and Retail...

Macy’s announces fourth quarter results

Major US apparel retailer Macy’s Inc. has announced its fourth quarter results. During the period under review, its total sales stood US $...