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Lululemon to shutter Washington distribution center, lay off 128 employees after tripling warehouse footprint - TL;DR CNBC

Lululemon to shutter Washington distribution center, lay off 128 employees after tripling warehouse footprint

Publishing timestamp: 2024-04-19 13:42:07


Summary

Lululemon is planning to shut down its Washington distribution center and lay off 128 employees after opening a new warehouse outside of Los Angeles to accommodate its rapid growth. Some staff will be relocated to other warehouses. The closure comes after Lululemon more than tripled its warehouse footprint in the past few years.


Sentiment: NEUTRAL

Tickers: LULU

Keywords: washingtonlos angelesretail industrylululemon athletica incbusinessbusiness newsbreaking news: business

Source: https://www.cnbc.com/2024/04/19/lululemon-to-shutter-washington-warehouse-lay-off-128-employees.html


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