Profile: Lululemon Athletica Inc (LULU.O)
lululemon athletica inc., incorporated on November 21, 2005, is a designer and retailer of technical athletic apparel operating primarily in North America and Australia. The Company’s yoga-inspired apparel is marketed under the lululemon athletica brand name. The Company offers a range of performance apparel and accessories for women, men and female youth. Its apparel assortment, including items, such as fitness pants, shorts, tops and jackets, is designed for healthy lifestyle activities such as yoga, running and general fitness. The Company’s fitness-related accessories include an array of items, such as bags, socks, underwear, yoga mats, instructional yoga digital versatile discs (DVDs) and water bottles. As of January 29, 2012, its branded apparel was principally sold through 174 stores that are located in Canada, the United States, Australia and New Zealand.
As of January 29, 2012, the Company’s products were sold through 155 corporate-owned stores in North America, including 47 in Canada and 108 in the United States. During the fiscal year ended January 29, 2012 (fiscal 2011), the Company opened 33 stores in the United States and Canada, including its remaining four franchised stores that were reacquired. As of January 29, 2012, it operated 18 corporate-owned stores and four showrooms in Australia, one corporate-owned store and two showrooms in New Zealand, and one corporate-owned showroom in Hong Kong.
As of January 29, 2012, the Company’s retail footprint included 47 stores in Canada, 108 stores in the United States, 18 stores in Australia and one in New Zealand. While most of its stores are branded lululemon athletica, five of its corporate-owned stores are branded ivivva athletica and specialize in dance-inspired apparel for female youth. Its retail stores are located primarily on street locations, in lifestyle centers and in malls.
The Company also sells lululemon athletica products through yoga studios, health clubs and fitness centers. During fiscal 2011, it reacquired its four remaining franchises in the United States. Its centrally distribute finished products in from distribution facilities in Vancouver, British Columbia, Sumner, Washington, and Melbourne, Victoria. It operates the distribution facilities in Vancouver, Sumner and Melbourne.
The Company competes with The Gap, Inc., Lucy Activewear Inc., bebe stores, inc., Nike, Inc., adidas AG, Reebok brands, and Under Armour, Inc.
Lululemon Athletica Inc
400 - 1818 Cornwall Avenue
VANCOUVER BC V6J 1C7