Markets

Gap and Victoria’s Secret both made offers to acquire Lululemon in the early 2000s, the athleisure company’s founder reveals in new tell-all book

Lululemon founder Chip Wilson reveals in a new tell-all book that Gap,Victoria’s Secret, and Liz Claiborne made bids to acquire the company in the early 2000s. Wilson criticised Gap’s $US200 million buyout offer, writing that it was “inadequate” and that at the time, the company was “sucking on all cylinders.” […]
Gap and Victoria’s Secret both made offers to acquire Lululemon in the early 2000s, the athleisure company’s founder reveals in new tell-all book
News

Gap is coming straight for Lululemon with $100 workout pants for men

Gap has launched a new men’s athletic wear brand called Hill City, which has an average price point of $US80. The company is doubling down on athletic wear to boost sales as it continues to be a bright spot in the apparel industry. Lululemon is also focusing on men’s clothing. […]
Gap is coming straight for Lululemon with $100 workout pants for men
Markets

Gap plunges on earnings

Gap is down almost 14% after missing its first-quarter earnings. The Gap brand continued to weigh on margins even as Old Navy and Athleta showed strong performance. Jefferies believes the company needs reduce exposure to the Gap brand at a faster pace and allocate capital to the Old Navy and […]
Gap plunges on earnings
News

The Sneaky Way Athleta Is Enticing Lululemon’s Customers

Activewear chain Athleta is trying to lure away Lululemon’s customers by offering lower prices and a better return policy. But Athleta’s latest tactic improves upon a trick out of Lululemon’s playbook, according to Brian Sozzi, chief equities strategist at Belus Capital Advisors. While Lululemon has offered free yoga classes for […]
The Sneaky Way Athleta Is Enticing Lululemon’s Customers