Retail News

Lululemon same-store sales ease concerns as CEO search continues

Bloomberg 03/27/2018

Lululemon Athletica, the yoga-inspired chain, posted an 11 percent gain in same-store sales in the most recent quarter, helping to alleviate Wall Street’s concerns about the retailer’s performance in light of the departure of CEO Laurent Potdevin. Mr. Potdevin has been replaced on an interim basis by Glenn Murphy, the retailer’s chairman and former CEO of Gap Inc. News of the chain’s performance sent shares up as much as 9.8 percent in aftermarket trading.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!