Lululemon Ireland reports profits slump of 25 per cent

The luxury athletic wear company said the pandemic continued to create ‘uncertainty’ over the brand’s ability to trade from its Brown Thomas store front

Lululemon announced in July its intent to open a new flagship store on Grafton Street. Picture: Getty

Lululemon, the luxury sports and yoga clothing brand, reported a 25 per cent decline in gross profits and a 23 per cent decline in total sales for the 2021 year.

In its most recent accounts filed to the Company Registration Office, the high-end sportswear retailer reported gross profits of €1.15 million, a 25 per cent decrease on reported gross profits in 2020, which totalled €1.54 million.

Sales for the 2021 year totalled €1.98 million, the ...