- Lululemon AthleticaCEO Calvin McDonald emphasised similarities between his previous employer Sephora and his new company on its second-quarter earnings call.
- The company is ready to seize opportunity to expand internationally
- The retailer delivered strong second-quarter earnings and raised full-year guidance.
- Watch Lululemon Athletica trade in real-time here.
Lululemon Athletica‘s new CEO is on his way to generate profits and expand the brand internationally using the experience he gained at his previous employer, Sephora.
“My experience within Sephora and what that business had built as we doubled it over the time that I was there and scaled it to my experience as a guest,” Calvin McDonald, who was appointed as Lululemon’s new CEO last month said on Thursday’s second-quarter earnings call. He says both Sephora and Lululemon have highly-engaged cultures, disruptive innovation DNA, and experiential retailing values.
McDonald expressed his passion for Lululemon to dominate the globe by recognising similarities between his current and past employers and seizing opportunities with international expansion, especially in Asia. “We all would agree, and when I was looking outside in that, we have a real big opportunity internationally, in particular in Asia, and it’s one that the team feels is a growth potential, just proportionate growth for this business and brand,” McDonald said.
And Wall Street analysts agree.
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