Adverse results in the United States have alerted Lululemon: the brand is no longer a challenger and needs to bring new styles to market faster, CEO Calvin McDonald now says.
Deeper problems
Lululemon’s North America sales in the second quarter were up just 1 %, but comparable sales were even down 4 %. On the other hand, international sales were up 22 % and comparable sales were up 15 % internationally. In total, worldwide sales increased 7 % to 2.5 billion dollars, but that is not enough to satisfy McDonald: he points to deeper problems.
