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Lululemon Hits Q1 Snag With 17% Sales Dip, But E-Commerce Revenue Jumps 68%

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Lululemon Athletica reported first-quarter revenue that fell short of Wall Street expectations amid a 17 percent decline to a shade below $652 million, but a robust online offering saw e-commerce revenues skyrocket 68 percent as stay-at-home shoppers flocked to the brand known most for its yoga pants and loungewear. As of June 10, 295 of…

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