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

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

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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