Press release
lululemon athletica Provides Business Update on COVID-19
VANCOUVER, British Columbia--(BUSINESS WIRE)-- lululemon today provided an update on its global store operations in response to the continued spread of
About this update from Lululemon Athletica Inc.
[{"type":"text","content":" VANCOUVER, British Columbia--(BUSINESS WIRE)--\nlululemon today provided an update on its global store operations in response to the continued spread of COVID-19.\n\n\nIn light of the rapidly changing developments, lululemon announced the closure of all stores in North America and Europe, from March 16 through March 27. Guests can continue to shop on lululemon.com.\n\n\n“We are living in uncertain times and we’re learning more about this virus every day. We are taking this step to help protect our global community, guests and people, and ensure we are doing our part to prevent the spread of COVID-19,” said Calvin McDonald, Chief Executive Officer.\n\n\n“During this time, lululemon employees will continue to receive pay for all hours they have been scheduled to work and have access to lululemon’s Global Pay Relief plan. I’m proud of how our teams are working to create space for our guests to connect through yoga and meditation classes online,” Mr. McDonald added.\n\n\nThe company will provide an update regarding the impacts of COVID-19 during its fourth quarter fiscal 2019 earnings call, to be held on March 26.\n\n\nAbout lululemon athletica inc.\n\n\nlululemon athletica inc. (NASDAQ:LULU) is a healthy lifestyle inspired athletic apparel company for yoga, running, training, and most other sweaty pursuits, creating transformational products and experiences which enable people to live a life they love. Setting the bar in technical fabrics and functional designs, lululemon works with yogis and athletes in local communities for continuous research and product feedback. For more information, visit WWW.LULULEMON.COM.\n\n\nForward-looking Statements\n\n\nThis press release includes estimates, projections, statements relating to our business plans, objectives, and expected operating results that are \"forward-looking statements\" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. In many cases, you can identify forward-looking statements by terms such as \"may,\" \"will,\" \"should,\" \"expects,\" \"plans,\" \"anticipates,\" \"outlook,\" \"believes,\" \"intends,\" \"estimates,\" \"predicts,\" \"potential\" or the negative of these terms or other comparable terminology. These forward-looking statements also include o...