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Lululemon Athletica Inc. (LULU)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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352.47+4.96 (+1.43%)
At close: 04:00PM EDT
352.30 -0.17 (-0.05%)
After hours: 07:50PM EDT
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  • Reuters

    UPDATE 1-Lululemon to shutter Washington distribution center, lay off 128 employees

    Lululemon Athletica will close its distribution center in the state of Washington at the end of the year and lay off more than 100 employees, the apparel retailer told Reuters on Friday. The Vancouver-based firm will shutter the Sumner distribution center as part of its business optimization effort and cut 128 jobs beginning June 21, according to a WARN notice filed with the state's Employment Security Department. The move comes at a time when Lululemon is seeing slowing demand for its premium athleisure in North America, where excessive inventory levels at sporting retailers has resulted in lower orders for sportswear and apparel firms.

  • Reuters

    Lululemon to shutter Washington distribution center, lay off 128 employees

    The Vancouver-based firm will shutter the Sumner distribution center as part of its business optimization effort and cut 128 jobs beginning June 21, according to a WARN notice filed with the state's Employment Security Department. The move comes at a time when Lululemon is seeing slowing demand for its premium athleisure in North America, where excessive inventory levels at sporting retailers has resulted in lower orders for sportswear and apparel firms. "We regularly evaluate our distribution network to help shape and support the future vision of our business," a company spokesperson told Reuters.

  • Zacks

    Lululemon (LULU) Gains As Market Dips: What You Should Know

    The latest trading day saw Lululemon (LULU) settling at $344.86, representing a +1.73% change from its previous close.