Lululemon, which is worth $40 billion and sells $128 yoga pants, promotes "resist capitalism" event

Sep 12th, 2020 3:03 pm

ROFL 🤣

Lululemon, the trendy yoga-pants company that is publicly traded and boasts a market cap of almost $41 BILLION, actually promoted an event called "Decolonizing Gender" which was described as "A workshop to unveil historical erasure and resist capitalism."

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The New York Post notes:

Lululemon made the Instagram post three days before it reported a $489.5 million gross profit for the second quarter thanks to a 155 percent spike in net direct-to-consumer revenue. The recent growth came as the COVID-19 pandemic led hunkered-down consumers to eschew office wear for comfier clothes.

The Vancouver-based retailer has also seen its stock price climb nearly 40 percent since early March to close at $320 on Thursday.

The company has since deleted the post.


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