Lululemon China Same-Store Sales Fall 4% in May as Yoga Apparel Demand Slows
Updated
Updated · South China Morning Post · Jul 18
Lululemon China Same-Store Sales Fall 4% in May as Yoga Apparel Demand Slows
3 articles · Updated · South China Morning Post · Jul 18
Summary
May same-store sales at sampled Chinese malls fell 4% year on year for Lululemon, worsening from a 3% decline in April, according to Meritco Services.
Fiercer competition in China’s yoga apparel segment and weaker domestic consumption are squeezing growth as middle-class shoppers spread spending across more brands and activities.
The slowdown reflects a broader cooling in China’s workout-gear market, where analysts say shifting tastes are eroding momentum for yoga-focused labels.