Gap challenges Lululemon with a men's athleisure line [CNN]
lululemon athletica inc. (LULU)
Last lululemon athletica inc. earnings: 3/26 04:05 pm
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Source: CNN
5 stunning stats about Gap Gap is stretching into athleisure for men. Hill City, a line of men's athletic wear to go along with the company's Athleta brand for women, will go on sale in October. The line consists of lightweight stretch pants, puffer jackets and premium shorts meant to be worn from working out to work to weekend. Hill City will be more expensive than the men's workout gear already sold in Gap stores. For example, a pair of pants will cost $128 and an oxford shirt will sell for $88. Hill City will be sold on a new website and in 50 select Athleta stores. Athleisure sales have taken off in recent years, although growth is slowing. Total sales came to $48 billion in 2017, a 2% increase from the year before, according to the research firm NPD Group. Lululemon's ( LULU ) stock in particular has been on a tear, almost doubling since the start of the year. Sales growth is strong, part
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LULU
News
- Lululemon Athletica Inc. (NASDAQ: LULU) had its price target lowered by analysts at Sanford C. Bernstein from $430.00 to $384.00. They now have a "market perform" rating on the stock.MarketBeat
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LULU
Earnings
- 3/21/24 - Beat
LULU
Sec Filings
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- 4/3/24 - Form 4
- LULU's page on the SEC website