Lululemon Earnings: How the Chain Doubled Store Volumes While Online Sales Surged
It was never a question of whether lululemon athletica (NASDAQ: LULU) would report a first-quarter sales rebound this past week. The apparel chain was going up against a year-ago period that included some of the most intense lockdown weeks of the pandemic. A year later, its rebound was sure to be strong.
But Lululemon recently announced some head-turning metrics, including an over 100% increase in store-based revenue. Its digital sales channel kicked in even more gains to put the company on pace for an even brighter 2021 than executives had predicted just a few months ago.
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Source Fool.com
