Lululemon fourth-quarter profit jumps 82 per cent GlobeBusiness
Canadian clothing chain Lululemon Athletica Inc on Wednesday reported a quarterly profit that blew past analysts’ estimates, boosted by strong demand for its yoga wear during the crucial holiday shopping season.
The holiday shopping season during November and December is important for retailers as they record a significant portion of their annual sales, both in-store and online, during the period.“Lululemon has delivered one of its strongest years yet, a result of broad-based strength across the business,” said Chief Executive Officer Calvin McDonald in a statement.
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