Lululemon Athletica Inc.’s chief executive is confident his company is well on its way to addressing some of the concerns customers and analysts had earlier in the year about a lack of newness in the brand’s product assortment.
After reorganizing the retailer’s product team and introducing a new reporting structure, Calvin McDonald said Lululemon is on track to reach historical levels of newness by the first quarter of its fiscal 2025.
“I feel good about the quality and quantity of newness the teams have planned and I believe we are well positioned for spring,” he said on a Thursday call with analysts.
Newness — how fresh a brand’s products
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