Lululemon cuts 150 corporate jobs amid restructuring
Lululemon has announced plans to eliminate around 150 corporate positions, primarily affecting roles at its store support centers. The company stated that the move is intended to improve operational agility and reallocate resources to support long-term growth. The decision follows an internal review of its organizational structure. In its first-quarter report for fiscal 2025, Lululemon posted a 7% YoY revenue increase to $2.4 billion, with net profit reaching $315 million. However, the company also warned that recent U.S. tariff policies have led to price increases on some products, which may impact revenue and earnings. As a result, it lowered its full-year outlook, signaling challenges ahead for the athleisure brand despite strong quarterly performance.