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- Lululemon reported a jump in foot traffic to stores, proving that not all retailers are getting hit as hard by an economic slowdown.
- Kohl's, Macy's, Nordstrom, and Target all reported slowing sales due to inflation and supply chain issues.
Lululemon reported a jump in sales and foot traffic to its stores last week, proving that not all retailers are created equal in the current economy.
Last month, Kohl's, Macy's, Nordstrom, and Target attributed slowing sales to inflation or lingering supply chain issues. However, Lululemon's chief financial officer, Meghan Frank, painted a different picture of the consumer.
"Despite the challenges around us in the macro-environment, guest traffic in our stores and on our e-commerce sites remains robust," she said in a company press release.
To be sure, Lululemon's target audience is in a relatively higher income bracket, and some brands are reporting that despite inflation, demand for luxury products is thriving. Still, not all retailers that cater to lower-income shoppers are struggling.
Here are some of the retailers that have still reported strong sales, despite the faltering economy.