In Sectors

Lululemon expects better margins to boost profit this year

Canadian retailer Lululemon Athletica Inc reported a higher-than-expected quarterly profit on Wednesday, helped by strong sales during the holiday shopping period. The company said it expected improved margins and sales to drive its earnings growth this year.

Lululemon, known for its upscale yoga-wear, said it planned to improve margins by reining in costs through a shift to ocean freight from air freight and planning orders better to ensure fewer cancellations.

It reported gross margin of 50.3 percent for the fourth quarter ended on 31 Jan., up from 46.9 percent in the previous quarter.

(Source: CNBC)

Follow Retail in Asia on Facebook, Twitter and LinkedIn.

Get our top stories delivered to your inbox:


Stay ahead
Subscribe for free!
Register now
Stay ahead