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Lululemon ups revenue forecast

Canadian activewear retailer Lululemon has upped its revenue forecasts for the last quarter of its financial year following online sales growth and demand in China.

The retailer now expects net revenue for the quarter ending 3 February to be in the range of $1.14bn (£880m) to $1.15bn (£890m), up from its previous guidance of $1.115bn (£860m) to $1.125bn (£870m).

Chief executive Calvin McDonald said: “The momentum in our business remained strong throughout the holiday season, reflecting the ongoing success of our product offerings and our connection with guests around the globe.”

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