Lululemon won’t meditate long on strong profits as it focuses on rapid growth
Lululemon won’t meditate long on strong profits as it focuses on rapid growth
Lululemon Athletica Inc. is feeling the afterglow of a strong profit report and an upwardly revised outlook that sent its share price soaring Friday but the yoga wear retailer says it won’t meditate long on the good news, preferring instead to pursue an aggressive path to growth.
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Lululemon targets key markets for rapid expansion as profits soar
VANCOUVER – Clothing retailer Lululemon Athletica Inc. says it’s being cautious about a planned expansion, targeting bigger cities where it can open a number of new stores rather than spreading out into smaller markets.
Read more on The Canadian Press via Yahoo! Canada News
Behind the Lululemon phenomenon
Shares in the Vancouver-based yoga wear maker soared Friday after reporting Q2 profits more than double the same period last year.
Read more on Toronto Star