One Key Takeaway From Nike's Q3 Earnings That Should Worry Lululemon [Forbes]
lululemon athletica inc. (LULU)
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Source: Forbes
One Key Takeaway From Nike's Q3 Earnings That Should Worry Lululemon Nike is eyeing a growing share of the women's business, less than a quarter of its total revenue. (Photo by Christian Vierig/Getty Images) Lululemon -- and many of the women’s fashion brands for that matter – should start to seriously worry about a big elephant in the room eyeing a growing share of their pie: Nike. Nike late Thursday reported But one big takeaway of Nike’s growth story We see “a great opportunity in women,” said Mark Parker, Nike president and CEO, on a conference call Thursday evening, adding the larger moment toward fitness and wellness has led to growing the demand from women. “It’s a global opportunity. Women are embracing the sneaker culture more and more….We are editing and shifting resources to serve women more completely.” For instance, among the products that helped drive demand last quarter was the $110 Air Max Dia sneakers that Nike designed specifically to fit women's feet. Sales of wome
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LULU
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- 3/21/24 - Beat
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