Lululemon shares soar on menswear, online push; inches into Nike turf GlobeBusiness
Online sales in China were particularly robust, rising more than 140 per cent in the quarter, Chief Operating Officer Stuart Haselden said on a post-earnings conference call.
Design oriented and fashion forward apparel also allow Lululemon to charge premium prices, Ramirez said. “There’s a lot of runway for us to continue to grow our men’s business,” Chief Operating Officer Stuart Haselden said in a post earnings conference call with analysts. “They play in the same neighbourhood but not on the same block,” he said. “Lululemon has one foot in the fashion world and one foot in athletics while Nike has both feet in athletics.”
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