Lululemon Has ‘Lost Its Way’ Says Founder, Despite Positive Financials

Lululemon Has ‘Lost Its Way’ Says Founder, Despite Positive Financials
(Left) Lululemon Athletica's CEO Laurent Potdevin in this file photo. (Courtesy of Lululemon Athletica via AP); (Right) Lululemon's Flatiron flagship store in New York. Brian Berman/Lululemon via AP
Petr Svab
Petr Svab
reporter
|Updated:

If you mentioned the word “athleisure” 10 years ago, the odds were in favor of a blank stare in return. Then again, the same would have happened for words like “iPhone” or “Facebook.”

Lululemon Athletica created a new market for active wear. It was able to imbue its leggings and crop tops with so much quality, practicality, and chic, that women were ready to hand over hundreds of dollars for a workout outfit.

Petr Svab
Petr Svab
reporter
Petr Svab is a reporter covering New York. Previously, he covered national topics including politics, economy, education, and law enforcement.
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