Previous close | 53.30 |
Open | 54.82 |
Bid | 51.65 |
Ask | 52.65 |
Strike | 380.00 |
Expiry date | 2025-01-17 |
Day's range | 54.82 - 54.82 |
Contract range | N/A |
Volume | |
Open interest | 596 |
Lululemon Athletica will close its distribution center in the state of Washington at the end of the year and lay off more than 100 employees, the apparel retailer told Reuters on Friday. The Vancouver-based firm will shutter the Sumner distribution center as part of its business optimization effort and cut 128 jobs beginning June 21, according to a WARN notice filed with the state's Employment Security Department. The move comes at a time when Lululemon is seeing slowing demand for its premium athleisure in North America, where excessive inventory levels at sporting retailers has resulted in lower orders for sportswear and apparel firms.
The Vancouver-based firm will shutter the Sumner distribution center as part of its business optimization effort and cut 128 jobs beginning June 21, according to a WARN notice filed with the state's Employment Security Department. The move comes at a time when Lululemon is seeing slowing demand for its premium athleisure in North America, where excessive inventory levels at sporting retailers has resulted in lower orders for sportswear and apparel firms. "We regularly evaluate our distribution network to help shape and support the future vision of our business," a company spokesperson told Reuters.
The latest trading day saw Lululemon (LULU) settling at $344.86, representing a +1.73% change from its previous close.