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Lululemon — a sports apparel retailer — was one of those firms, as it bought in-home fitness startup Mirror for $500 million in June 2020. It’s not an acquisition simply to sell more apparel ,” Lululemon CEO Calvin McDonald told CNBC. “We The dip — a 29% drop from 2019 to 2020 — stems from the pandemic and damaged economy.
Lululemon — a sports apparel retailer — was one of those firms, as it bought in-home fitness startup Mirror for $500 million in June 2020. It’s not an acquisition simply to sell more apparel ,” Lululemon CEO Calvin McDonald told CNBC. “We The dip — a 29% drop from 2019 to 2020 — stems from the pandemic and damaged economy.
The apparel retail sector, for example, suffered employee attrition rates of almost 20%, along with fast-food and specialty retail (11%), casual restaurants (10%), and general and grocery retail (9%). However, while every major economic sector saw employees leave, some industries were hit significantly harder than others.
Meanwhile, HubSpot's 2024 AI Trends for Marketers finds that 48% of marketing leaders have invested in AI tools for their teams. Looking at HubSpot's State of AI in CustomerService survey data: 84% of respondents say AI/automation tools will be instrumental in helping them meet customerservice expectations.
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