Lululemon is experiencing strong international sales growth this holiday season, driven largely by a significant rise in demand in China, despite struggles in the U.S. market.
Our performance in the third quarter shows the enduring strength of lululemon globally... we are pleased with the start to our holiday season, and we remain focused on accelerating our US business.
The brand's net revenue in China grew 39% year-over-year in the third quarter, highlighting significant momentum in international markets as U.S. sales struggled to keep pace.
As inflation continues, many shoppers are opting for lower-priced alternatives to Lululemon, as competitors like Alo Yoga and Fabletics (offering similar styles at lower prices) gain traction.
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