Lululemon Athletica

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Lululemon Athletica

logo
legal form Corporation
ISIN US5500211090
founding 1998
Seat Vancouver , CanadaCanadaCanada 
management Calvin McDonald (CEO)
Number of employees 15,700 (2019)
sales $ 3.98 billion (2019)
Branch Sports retail
Website lululemon.com

Business in Toronto

Lululemon Athletica Inc. , designed as lululemon athletica , is a Canadian sportswear retailer . Lululemon was founded in Canada as a retailer for yoga clothing and now sells its products internationally in 460 stores and online (as of September 2019). The company has expanded its product range to include various types of sportswear, including sports shirts, shorts and trousers, as well as lifestyle clothing and yoga accessories.

The company is active in North America , Asia , Europe and Australia . There were 6 branches in Germany in 2019. Revenue in fiscal 2019 was approximately $ 3.98 billion.

history

Lululemon was founded in 1998 by Chip Wilson in Vancouver ( British Columbia established) and sold this year his first yoga pants. What began as a design studio by day and a yoga studio by night turned into an independent business in November 2000. In 2005, Wilson brought in investors to oversee the company's IPO, including former Reebok manager Robert Meers . Lululemon went public in July 2007 and raised $ 327.6 million through the sale of 18.2 million shares.

Christine Day , a former co-president of Starbucks International , became CEO in June 2008. In 2013 the company was named Fortune's list of Fastest Growing Companies for the third year in a row . In March 2013, the company withdrew a collection of its signature yoga pants because of "an unacceptable level of transparency". Christine Day stepped down as CEO a few months later. In December 2013, the founder Chip Wilson announced his resignation as chairman known, and the former president of TOMS Shoes , Laurent Potdevin , became CEO.

In February 2014 Lululemon announced plans its first full business in Europe with a shop in Covent Garden ( London to open). In February 2015, Wilson announced he was leaving the board and Michael Casey , former chief executive officer, would replace him.

On February 5, 2018, Laurent Potdevin stepped down as CEO and from the company's board of directors. Lululemon cited several unspecified misconduct incidents as reasons for Potdevin's departure.

On October 30, 2019, Lululemon announced an investment in Mirror, a fitness startup that sells an interactive mirror for home training. Mirror and Lululemon will also work together to create new content for the device, starting with meditation classes.

Products

Lululemon sells sportswear, including tops, pants, shorts, sweaters, jackets, and underwear, as well as hair accessories, bags, yoga mats, and water bottles.

On August 8, 2017, Lululemon expanded its range to include shoes.

Web links

Individual evidence

  1. ↑ a b c lululemon athletica stores, by country worldwide 2011-2018. Retrieved November 3, 2019 .
  2. ↑ Lululemon Athletica Annual Report 2019. In: https://investor.lululemon.com/financial-information/annual-reports . Lululemon Athletica, accessed November 3, 2019 .
  3. ↑ Rob Walker: Lululemon Athletica Promotes Yoga as a lifestyle brand . In: The New York Times . July 21, 2009, ISSN  0362-4331 ( nytimes.com [accessed November 3, 2019]).
  4. ↑ Lululemon: In an uncomfortable position. Retrieved November 3, 2019 .
  5. ↑ Fred Meier: Stunner: Lululemon CEO Christine Day leaving. Retrieved November 3, 2019 (American English).
  6. ↑ Suzanne Bearne: Lululemon limbers up to open first UK store in Covent Garden. Retrieved November 3, 2019 .
  7. ^ Mary Hanbury, Business Insider: Lululemon just made a bet that the $ 1,500 interactive workout Mirror is the future of fitness, and it should terrify boutique workout studios. Retrieved November 3, 2019 .
  8. ^ Lululemon Partners with APL to Offer Athletic Shoes In-Store. Retrieved November 3, 2019 .