As the home fitness market has become more crowded with new players, leading brands have seen growth slow.
The suit alleges that Peloton produced "knock-offs" of Lululemon's design patents with several products from its new Peloton Apparel line.
Walmart was surprisingly empty, except for some customers shopping electronics, while Ulta, Lululemon, and Bath and Body Works had better showings.
Peloton launched its own private-label clothing line in September, and Lululemon claims that some of the products infringe on its designs parents.
Major companies are scrambling to overcome backlogs. From flying in power tools to chartering ships, Home Depot has worked to overcome port delays.
As record numbers of cargo ships clog key ports, many retailers have been forced to scrap traditional strategies for much more expensive ones.
Putnam, who founded Mirror in 2016, will stay on as an advisor through July 2022 and assist Lululemon in identifying her successor.
"The logistics industry does not see 2022 as having any less disruption in supply chains than in 2021," the president of UPS said on Sunday.
Lululemon is on track to pass its 2023 revenue target by the end of this year because of strong sales growth, it said.
Everything you need to know about the digital-fitness boom, including Peloton's rise to stardom, the rivals hot on the company's heels, and more.
As workers begin to return to offices in New York City, they're feeling less eager to put on the suits and high heels they ditched during the pandemic
The new collection, dubbed "On Point," is modeled by one of Victoria's Secret new spokeswomen, Olympic skier Eileen Gu. It ditched its Angels in June.
The employee was one of the 12 Insider talked to who said Lululemon struggles with diversity and inclusion, particularly among high-level managers.
The athleisurewear giant, which is known for its $100 leggings, announced Tuesday that it is launching a new resale initiative known as Like New.
Athletic wear sales have done well during the pandemic and the last 12 months as overall apparel suffers.
Target’s All in Motion athleticwear brand hit $US1 billion in sales one year after launching. The brand captured the work-from-home market, but is also reasonably priced at under $US30. All in Motion reached $US1 billion in sales quicker than its pricier peers, Lululemon and Athleta. Visit the Business section of […]
Lululemon climbed as much as 6% on Thursday and closed at $US386.07 during its fourth straight day of gains following its strong earnings report last week. The athletic apparel company’s revenue increased 22% year over year, and direct to consumer revenue increased 94%. Bank of America said the increase offset […]