Spandex is eating the world. Fleece, too. But let's agree to keep the line on something called the leisure suit. More about that fashion in a moment.
This past Thursday, yoga pioneer Lululemon Athletica (ticker: LULU) reported financial blowout results that sent the stock 8% higher the following day. Quarterly sales increased by 22%. It came on top of 25% growth in the quarter a year ago. Margins expanded. The management encouraged high demand for shorts and other garments among a relatively new customer group: men.