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☆ Goodbye Louis Vuitton. China’s Gen Z leans into ‘dupe economy’ as growth prospects stall
▼ + stars: | 2024-09-23 | by ( Juliana Liu | ) edition.cnn.com time to read: +8 min

Mainly a print model, Zheng used to rake in 30,000 yuan ($4,230) a month when she began working two years ago. Some are virtually indistinguishable from the real thing, while others are inspired by the original design and offer morecolors or textures. The popularity of this product category is soaring as consumer confidence in China nears a historic low, according to analysts. Shoppers are sitting on the sidelines due to a combination of falling stock prices, capital flight and “tepid” wage growth, the economists said. A Hong Kong court ordered the liquidation of the Chinese property giant on on January 29.

Persons: Zheng Jiewen, Zheng, “, ”, Louis Vuitton, Chanel, Laurel Gu, Lulu, dupes isn’t, Nomura, Xinxin, Greg Baker, Nicole Hal, “ I’ve, Goldman Sachs Organizations: Hong Kong CNN, CNN, Prada, Reuters, Shoppers, Barclays, Hong, Getty, Goldman Locations: China, Hong Kong, Guangzhou, Shanghai, Asia, Japan, Chongqing, Beijing, AFP, Europe, “

☆ Lululemon pulls new leggings line after complaints about ‘whale tail’
▼ + stars: | 2024-07-30 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

But after its new leggings became the butt of endless jokes, the company will have to leave them behind. I’m not sure what’s going on over there, but that’s not very cute.” The customer said she is returning the leggings. “I also am not a huge fan of the butt seam. In a statement to CNN, a Lululemon spokesperson said it takes customer feedback seriously and will incorporate it into future designs. Earlier this year, Lululemon said it missed out on some sales because it did not stock as many different colors of leggings as customers wanted.

Persons: New York CNN —, Lululemon, Reddit, “, TikTok, ”, JP Morgan, Matthew Boss, Boss, Alo, Vuori Organizations: New, New York CNN, CNN Locations: New York

☆ Lululemon dominated the pricey athleisure market for years. Now it faces big competition
▼ + stars: | 2024-06-05 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +5 min

The departure of the company’s chief product officer adds to a “wall of worry” Raymond James analysts said. Choe joined Lululemon more than seven years ago and became chief product officer in 2018, according to her LinkedIn. “I think that there’s a lot of people out there who believe that she was the person behind the scenes and was the most instrumental to Lululemon’s success,” Nikic said. Lulu has been “hyper aware” of dupe culture, Nikki Neuburger, then its Chief Brand Officer, previously said in an interview with CNN Business. However, Lululemon wasn’t stocked enough in these smaller sizes, which could have led these younger shoppers to competitors, Nikic said.

Persons: New York CNN —, Lulu, Alo, –, Sun Choe, ” Raymond James, Choe, Raymond James, Tom Nikic, “, ” Nikic, Mike Kemp, Vuori, Nikki Neuburger, Hailey Bieber, Martha Stewart, Lululemon, Nikic, Calvin McDonald, Samsul Said Organizations: New, New York CNN, preteens, Nike, Wall, Vans, CNN, Jefferies, CNN Business, Shoppers, Bloomberg, Getty Locations: New York, athleticwear, Covent, London, United Kingdom, Los Angeles, preteen, Bukit Bintang, Kuala Lumpur, Malaysia, China

Sales fell to $744 million in the second quarter, which company executives consider its most important quarter. That amounts to a 6% decline from a year ago and a whopping 34% fall from two years ago. New York-based Peloton lost 54 cents per share in the period and hasn't posted a quarterly per-share profit in three years. Peloton enjoyed incredible sales growth during the height of the coronavirus pandemic and its share price multiplied by more than five times in 2020 amid lockdowns. Last fall, Peloton and athletic wear maker Lululemon announced a five-year partnership with the interactive fitness company, becoming the exclusive digital fitness content provider for Lululemon, which became the primary athletic apparel partner to Peloton.

Persons: hasn't, Barry McCarthy, treadmills, John Foley, Lululemon Organizations: University of Michigan Locations: New York

☆ 'Dupes' clothing, perfume craze lures holiday shoppers as major brands fret
▼ + stars: | 2023-11-20 | by ( Katherine Masters | ) www.reuters.com time to read: +7 min

Hashtag searches for dupes of major brands - including Skims underwear and Deckers' (DECK.N) Ugg boots - have been viewed millions of times on TikTok. Graphic shows pictures of four original products and their original prices under named brands compared with the prices of their 'dupe' counterparts. Newer technologies like the Google Lens app allow people to take photos of items they like and find similar products for sale. In other cases, dupe sellers opt to replicate the look of higher-priced originals with cheaper materials to maximize profit. However, experts say dupe sellers have grown increasingly skilled at avoiding brand logos and other design features that could infringe existing patents or copyrights.

Persons: Lauren Maginness, Shannon Stapleton, Maginness, Estee, Tom Ford, Dupes, “, ”, Penny Pincher, Leslie Ghize, Doneger Tobe, Calvin McDonald, Ian Taplin, Juozas Kaziukenas, Kaziukenas, Maria Boschetti, Mike Scheschuk, Birkenstock, Katherine Masters, Dorothy Kam, Vanessa O'Connell, Rod Nickel, Matthew Lewis Organizations: REUTERS, Abercrombie, Fitch, Scout, Walmart, Department, Nordstrom, Circana Inc, COMMERCE, Wake Forest University, eBay, Google, HK, Amazon, New, Thomson Locations: New York City, U.S, Hong Kong, TikTok, Los Angeles, Zara, Italy, New York

☆ Muslim Runner Says She Was Cut From Lululemon Campaign Over Religious Identity
▼ + stars: | 2023-11-16 | by ( Remy Tumin | More About Remy Tumin | ) www.nytimes.com time to read: +4 min

In a statement to The New York Times, a spokesman for Lululemon said the company did not intend to exclude anyone from the photographs. The images were sent to the runners who appeared in the photo shoot but were not used by Lululemon or noname, the spokesman said. That included being a team leader for the noname program, leading the 8-minute-30 second-mile group. “A big part of what was attractive about the noname program was its emphasis on inclusivity and embracing people’s full identities and experiences,” she wrote. Noor Abukaram, a runner who was told she couldn’t run in her hijab in high school and pushed back, criticized Lululemon’s decision to leave out Ms. Saad.

Persons: Lululemon, “, Saad, “ Lululemon, Ms, Saad’s, ” Edward Ahmed Mitchell, ” Ms, ”, Noor Abukaram, Lululemon’s, Abukaram Organizations: New York Times, The Times, Palestinian Ministry of Health, Boeing, Council, Islamic, Times, New York City Marathon, New York, New York City Muslim Running Club Locations: Gaza, Israel, London, New York City

☆ Lululemon’s Secret Power: Even Mom Can’t Make It Uncool
▼ + stars: | 2023-09-24 | by ( Suzanne Kapner | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/retail/lululemons-secret-power-even-mom-cant-make-it-uncool-faeb71b2

Persons: Dow Jones

☆ Lululemon’s Secret Power: Even Mom Can’t Make it Uncool
▼ + stars: | 2023-09-24 | by ( Suzanne Kapner | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ In Lululemon and Dollar General earnings, signs of a possible economic split
▼ + stars: | 2023-09-02 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

One reported strong sales on Thursday, while the other warned it may experience a sales decline for the year. Dollar General’s earnings report on Thursday painted a different picture. “Core customers continue to tell us they feel financially constrained,” said Dollar General’s CEO, Jeff Owen, on the company’s earnings call. Brian Nagel, a retail analyst at Oppenheimer & Co. who covers Lululemon, said he sees still strong spending across all retailers he covers. “Generally speaking, consumer spending has held in,” he said.

Persons: CNN —, ”, Calvin McDonald, Lululemon, Jeff Owen, Neil Saunders, Brian Nagel, Nagel, ” Nagel, Richard Dreiling, John Rainey, ” Rainey, Shannon Seery Organizations: CNN, Oppenheimer, Co, Federal Reserve, Fed Locations: Wells, United States, —

☆ Lululemon stands by decision to fire employees who intervened in robbery
▼ + stars: | 2023-06-06 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +4 min

“It’s only merchandise.”McDonald said the employees “knowingly broke the policy” and engaged with the thieves, including following them out of the store. As economic fears grow amid inflation and rising borrowing costs, incidents of retail crime are mounting. Target (TGT) last month said it was bracing to lose half a billion dollars this year because of rising theft. “This is organized retail crime. “We’ve had instances, and we’ve seen in other retailers instances where employees step in and are hurt or worse, killed,” he told CNBC.

Persons: New York CNN — Lululemon’s, LULU, Calvin McDonald, “, ”, ” McDonald, Lululemon, Read Hayes, criminologist, they’ve, ” Lululemon, Nordstrom, Hayes, McDonald, “ We’ve, we’ve Organizations: New, New York CNN, “, CNBC, University of Florida, Prevention Research Council, Walmart, Target, “ Retailers, CNN, Employees, Dollar, Foods, Walgreens, National Retail Federation Locations: New York, Peachtree Corners , Georgia, Peachtree, Georgia, harm’s, San Francisco, Bethesda , Maryland

☆ Lululemon, cult athleisure brand, takes on the booming culture of 'dupes'
▼ + stars: | 2023-05-06 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +5 min

This weekend, athleisure giant lululemon is hosting a dupe swap at the Century City Mall in Los Angeles. Call it recession-core or Gen Z’s anti-consumerism sentiments, but #dupe has amassed more than 3.5 billion views on TikTok. Before, finding knock offs was a lowkey way to way to find affinity to a luxury brand. Lulu has been “hyper aware” of dupe culture, its Chief Brand Officer Nikki Neuburger said in an interview with CNN Business. Though lululemon may be leading in dupe hashtags on TikTok, the Align line that began in 2015 remains its top seller, the company said.

☆ Lululemon’s Climate Goals Hinge on Replacing Oil With Plants
▼ + stars: | 2023-04-20 | by ( Dieter Holger | ) www.wsj.com time to read: +6 min

Lululemon Athletica Inc.’s need for crude oil for its leggings and other stretchy clothes presents a hurdle to meeting its climate ambitions. Its first products out this month are two shirts containing at least 50% nylon made from plant-based sugars instead of oil. A new Lululemon shirt contains at least 50% nylon made from plant-based sugars instead of oil. Lululemon’s push into biomaterials is part of a goal to make all of its products with sustainable materials by the end of the decade. Biomaterials also can help Lululemon more swiftly reduce its climate impact because using recycled materials is challenging, Ms. Speck said.

☆ New & Notable: Latest releases from Apple and Bose
▼ + stars: | 2022-09-09 | by ( Justin Krajeski | Justin Krajeski Is An Associate Editor For Select On Nbc News. | ) www.nbcnews.com time to read: +5 min

New this weekWell, it happened — Apple introduced a range of iPhone 14 models on Wednesday, Sept. 7. You’re now able to pre-order the iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max, available in different sizes and capacities. The iPhone 14, iPhone 14 Pro and iPhone 14 Pro Max will be available on Sept. 16, while the iPhone 14 Plus will be available Oct. 7. In addition to its new phones, Apple also debuted a trio of new Apple Watches, most notably the Apple Watch Ultra that’s aimed at extreme sports and scuba diving. Pre-orders are open right now and it will become available Sept. 23.

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