Demand for Lululemon yoga leggings and sports bra races ahead as UK profits boom
- Lululemon sells leggings for as much as £138 online
- Profits climbed to £1.8million in the year to January 31, 2019
- Two new stores opened in Guildford and Manchester and one inside Selfridges
Sales of expensive yoga leggings and sports bras soared at Lululemon, as profits boomed in the UK.
Profits climbed to £1.8million in the year to January 31, 2019 – a 28 per cent rise on a year earlier – accounts for Lululemon’s British business showed. And sales jumped 38 per cent to £40.8million.
Two new stores opened in Guildford and Manchester, along with a shop within Selfridges’ flagship department store on Oxford Street, London.
Lululemon sells leggings for as much as £138 online
Lululemon employs 279 staff in the UK, compared with 250 last year.
The business was founded in 1998 in Vancouver, Canada. It sells leggings for as much as £138 online.
Former chief executive Laurent Potdevin quit suddenly last year following allegations of misconduct.
Lululemon said he had fallen short of standards, including respecting other employees, but handed him a payoff worth more than £4million.
Founder Chip Wilson was forced to stand down as chairman in 2013 after making a string of comments including that some women’s bodies ‘just don’t work’ for Lululemon’s leggings.