Lululemon flags ongoing issues; Q2 leggings sales down 20%
Interim co-CEO and CFO Meghan Frank said Lululemon is still having problems with core products, including leggings and women’s tops. She said leggings sales declined 20% in Q2, below management expectations.
Story updates
10:40:13 PM UTC
SquawkNews
Lululemon is increasing marketing to try to win back customers as traffic continued to slow down in the second quarter. The brand has faced negative sentiment in the media and on social media, interim co-Chief Executive and Chief Financial Officer Meghan Frank tells analysts on a call. To improve t…
Lululemon is still having problems with its core products, including leggings and women's tops, interim co-Chief Executive and Chief Financial Officer Meghan Frank tells investors on a call.
Leggings sales declined 20% in the second quarter, which Frank says was below management's expectations.
Par…