Even as Lululemon reported soaring sales on Wednesday and forecast a robust holiday season, the athleisure company sounded a note of caution because of pandemic-related factory shutdowns in Vietnam, echoing concerns about the global supply chain voiced by many apparel retailers in recent weeks. “A third of our global sourcing does come from Vietnam so we are definitely in the market,” Calvin McDonald, Lululemon’s chief executive, said in an interview. Lululemon has been one of few apparel retailers to thrive during the pandemic. Customers flocked to its pricey athleisure and exercise clothing while stuck at home, and the company made inroads in virtual fitness with last year’s acquisition of Mirror, a wall-mounted device for streaming workouts. Mr. McDonald said that Lululemon, which has more than 500 stores globally, would have 200 shop-in-shops featuring Mirror in North America by Black Friday.

Source: International New York Times September 08, 2021 21:20 UTC