What’s going on? Lululemon (high-end athleisure brand) reported better-than-expected 2Q earnings of $1.5b, a 61% climb yoy. What does this mean? Lululemon’s ecommerce business unsurprisingly had a great run in 2Q. What’s astonishing is the return of bricks-and-mortar shopping, with Lululemon’s store sales almost returning to pre-pandemic levels. Lululemon’s on track to achieve its 2023 revenue target by the…
Tag: shipping
Ep 36: What FedEx Isn’t…
What’s going on here? The shipping company filed against the U.S. Commerce Department, calling it a “law enforcement agency” What inspired such soul-searching? FedEx claims it shouldn’t be held liable for unknowingly shipping products that violate the Trump administration’s ban on U.S. exports to certain Chinese companies. Driving the news: some mischief, some earnings Mischief first. Though many thought this suit…
with HT 