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Yogawear Chain Lululemon Plans To Expand In Europe, Asia
Published December 6, 2012
Lululemon CEO Christine Day said, “We have great product in the store right now. We definitely lost some momentum in the beginning of the quarter in November where we had some technical issues with our product notifications, which we send out to guests. So we weren't driving traffic to our stores or to our e-commerce sites.” Day: “We lost the momentum and I think the only question for us is will we be able to build that back through the balance of the quarter" (“Squawk on the Street,” CNBC, 12/6). The chain today closed at $73.55, up 7.23% (THE DAILY).