Lululemon is tweaking its China operations in response to the ongoing coronavirus outbreak.
The athleticwear brand issued an update on Friday saying that most of its 38 stores in China have been closed since Feb. 3, but that some of the units are “now operating on a reduced schedule.”
“We’re inspired by the resilience and commitment of our team in China as we navigate the emerging impacts of the coronavirus,” Lululemon chief executive officer Calvin McDonald said in a statement. “The safety of our people is our highest priority, and we are adjusting store operations based upon the recommendations of local authorities.”
The company said it has been working with local authorities to figure out decisions on store operations there, and said it expects to issue another update during its next earnings call scheduled for March.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
GE dodges a bullet in Trump's battle with ChinaThe Trump administration is poised to give a GE joint venture the green light to continue exporting jet engines to China -- despite national security concerns raised by some US officials
Les mer »
Italian Fashion Chamber Shows Solidarity With ChinaA showcase of eight Chinese talents marked the launch of the “China, we are with you” initiative.
Les mer »
Imax CEO Continuing To Monitor Situation In China Closely As Company Blows Past Q4 ForecastsImax beat Wall Street’s fourth-quarter financial estimates Wednesday as the big-screen entertainment company’s CEO said it’s carefully monitoring the situation in China, where it has hundreds…
Les mer »
EU trade chief downbeat on China accord, other Asian dealsA planned EU-China investment agreement looks unlikely to be struck by September...
Les mer »
S&P 500, Nasdaq hit record closing highs, lifted by China stimulus hopesThe S&P 500 and Nasdaq rose to record closing highs on Wednesday as optimism tha...
Les mer »
Imax CEO Uncertain About When China Will Reopen Theaters'The safety of our team and audiences is our top priority,' Richard Gelfond stated.
Les mer »