PYMNTS-MonitorEdge-May-2024

Mirror

Tonal Looks to Pick up Lululemon’s Broken Mirror Pieces With Trade-in Program
Tonal Looks to Pick up Lululemon’s Broken Mirror Pieces With Trade-in Program
December 19, 2023  |  Retail

When Lululemon bought Mirror in 2020, it was a move to expand beyond selling clothes and tap into the growing trend of working out at...

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Who’s Going to Get Fitness-as-a-Service Right? 
Who’s Going to Get Fitness-as-a-Service Right? 
October 03, 2023  |  Fitness

Peloton and Lululemon announced a five-year global strategic partnership last week, with the goal of uniting fitness content and athletic apparel to forge a collective...

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Peloton, Lululemon Shift Gears to Respond to Changing Landscape of Fitness Hardware 
Peloton, Lululemon Shift Gears to Respond to Changing Landscape of Fitness Hardware 
May 09, 2023  |  Fitness

Last week PYMNTS reported that Peloton is preparing for a rebranding effort as it expands its knowledge of its customer base and their workout preferences....

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The Rise and Fall of Lululemon’s Connected Economy Venture
The Rise and Fall of Lululemon’s Connected Economy Venture
April 21, 2023  |  Fitness

During the pandemic, fitness apparel retailer Lululemon purchased a connected fitness company called Mirror in 2020 as a way reach cooped-up consumers. Later renamed Lululemon...

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Lululemon Reportedly Seeks to Sell Mirror Hardware Division
Lululemon Reportedly Seeks to Sell Mirror Hardware Division
April 17, 2023  |  Fitness

More fitness content providers are ditching pricey, specialized hardware for app-based experiences people can use on any device, with Lululemon’s Mirror the latest piece of...

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Nike’s Patent Suit vs Lululemon’s Mirror Reflects Rising Stakes in Connected Fitness
Nike’s Patent Suit vs Lululemon’s Mirror Reflects Rising Stakes in Connected Fitness
January 05, 2022  |  Retail

When Nike, the world’s largest athletic apparel and equipment maker, looked in the Mirror, it did not like what it saw. In this case, the Mirror...

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Tempo And The Home Fitness Gold Rush
Tempo And The Home Fitness Gold Rush
July 29, 2020  |  Investments

Fitness equipment maker Tempo, whose home workout systems retail for nearly $2,000, has seen its valuation hit $250 million amid a massive surge in interest...

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Gyms Continue To Struggle With Rocky Reopenings
Gyms Continue To Struggle With Rocky Reopenings
July 01, 2020  |  Coronavirus

Now that many consumers have to make appointments to go to the gym or use a specific piece of equipment amid the pandemic, will they...

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Why Lululemon’s $500M Mirror Deal Is A Muscular Move Into ‘Contextual Commerce’
Why Lululemon’s $500M Mirror Deal Is A Muscular Move Into ‘Contextual Commerce’
July 01, 2020  |  Partnerships / Acquisitions

In a move that caught much of the world off guard, athleisure giant Lululemon announced plans this week to buy home-exercise technology startup Mirror for...

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