Lululemon enjoys robust holiday sales, moves menswear strategy ahead
Vancouver-based athletic wear retailer lululemon is making strides in expanding its men's fashion line, according to a Vancouver Sun report which cited remarks from COO Stuart Haselden.
Lululemon predicts its men's line will account for a quarter of its business by 2020 and hit an estimated U.S. sale point of $4 billion.
In December the retailer reported an all-time high in sales and traffic on Black Friday and Cyber Monday sales days. It has upped its fourth quarter revenue guidance to $915 million. Earlier in December, 2017 it predicted $870 to $885 million.