The opening was delayed due to COVID-19, and the attached studio’s opening is delayed even further.
In the second part of its series, and with equal employment opportunities now a focus, leading firms in fashion, beauty and retail hold up a looking glass to diversity within their companies.
The deal is expected to close in the second quarter of fiscal year 2020 with Mirror continuing to operate as a stand-alone firm within Lululemon.
The retailer fell short on both top and bottom line results last quarter. But executives say it’s only temporary.
After a promising rebound in the job market, Lululemon, PVH and others will further illuminate the fashion scene with quarterly updates.
That’s good news for (some) retailers.
A successor has not yet been named.
The fitness industry and freelance instructors in particular have been hit hard by the closure of gyms and stores. But they were quick to reinvent themselves and keep demand for active wear and online workouts high.
Associates will receive pay through June 1. Meanwhile, the athletic apparel retailer’s senior leadership team will take a 20-percent pay cut.
But the effects of the coronavirus Stateside are yet to be seen.