US biotech firm Bolt Threads has announced "an unprecedented consortium” of major global companies “who have secured exclusive access to its innovative material, Mylo”. Adidas and Lululemon are also on board.
...Yogawear maker Lululemon Athletica Inc said on Tuesday it was “cautiously optimistic” about the holiday season and forecast current-quarter adjusted profit to fall as much as 20% due to higher marketing expenses.
A long list of companies, including Adidas and Lululemon, have pulled advertising from Facebook in support of a campaign that called out the social media giant for not doing enough to stop hate speech on its platforms.
A spike in the Canadian athleticwear company’s online sales proved insufficient to make up for the negative impact of Covid-19-related brick-and-mortar store closures, leading to lower-than-expected quarterly revenues.
...last few weeks of the quarter.The brand was already struggling with competition from the likes of Nike Inc and Lululemon Athletica which have been able to attract more shoppers with their new launches, limited edit...