performance. 8 RECOMMENDATION 10 In term of strategy 10 In terms of management 10 EXECUTIVE SUMMARY Lululemon Athletica Inc.‚ founded by Dennis Chip Wilson‚ is a self-described yoga-inspired athletic apparel company‚ which produces a clothing line and runs international clothing stores from its company base in Vancouver‚ British Columbia‚ Canada. Since 1998 when it was formed‚ Lululemon Athletica has performed as a niche market leader with a strong brand image and awareness among fitness professionals
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Case Analysis Lululemon Athletica Executive Summary lululemon is an athletic apparel company that gears its merchandise towards yoga. Founded in Vancouver‚ Canada by Chip Wilson in 1998‚ the company aligns itself with many of the same values that yoga displays: balance‚ harmony‚ and culture. As of July 29‚ 2012‚ lululemon owns and operates 189 retail store locations all over the world. In 2007‚ the company’s owners elected to take the company public. Its initial public offering took
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Introduction Lululemon is one of the Canada’s best retailers of technical athletic yoga apparel. Lululemon’s yoga inspired apparel is marketed under the two brand names Lululemon Athletica for more mature women and Ivivva Athletica for younger girls. Lululemon primary target customers are educated and hard working women‚ who understand the importance of healthy and active lifestyle. Majority of these women are Caucasian who are mainly urban and have higher income‚ since Lululemon is an expensive
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Promotion Strategy 9 Conclusion 10 Appendices 11 Introduction The Lululemon marketing plan for 2010 includes recommendations and goals for the Lululemon brand‚ as well as goals for the newly proposed male brand Outer Muscle. Main objectives include: ➢ Introduce Male Brand Outer Muscle o Target “Educated Physically Active Male” o Price male brand similarly to Lululemon brand‚ using more-for-more pricing. o Positioned as high-price Yoga/Exercise Apparel o Increased
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exercise? For yoga or if just want to sit home and relax. If one is passionate about health and athletic lifestyle ‚ they should choose Greenlight Apparel firm and if one wants to be unique with their ideas and life philosophies ‚ they should choose Lululemon Apparel. Greenlight Apparel is an athletic gear company with a mission “proving to provide” simple and challenging lifestyle. The motto‚ “Wear it for Good” ‚ says it all about how their company is unique. Greenlight Apparel also produces in a sustainable
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provide anti-inflammatory‚ antibacterial‚ hydrating and detoxifying benefits to its wearers‚ but the New York Times’ test showed no evidence of seaweed in Lululemon’s clothing. This sent Lululemon’s stock price on a rollercoaster ride. Previously‚ Lululemon had been enjoying stellar stock performance‚ reaching $60 a share after an IPO price of $25 in July. Next day‚ the stock closed at $41.50(Robert Cordero 2009). While the stock is being fluctuating‚ the new retail store in Tokyo‚ Japan has been a
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Lululemon Athletica Case Study I. Executive Summary Statement of problem and recommend action Lululemon is a rapidly growing company with a different niche for its products. Its philosophy as well as their business model has allowed them to increase revenue over the past years. The dilemma they faced is how to continue expanding without losing their special niche‚ grassroots and a nontraditional feel of the brand that sets them apart from their competitors. In order to do so‚ it has been
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Introduction The company which our focus centers on is the prestigious Lululemon. What started out as an underground yoga and design studio blossomed today into a $225 million-dollar company that offers premium athletic clothing at high-end prices. It all started one day when the company founder‚ Chip Wilson‚ decided to try something new – yoga‚ a physical activity that emerged in 1997 which appealed to the independent woman. Wilson was a fanatic in every type of board; he took joy in surfing‚
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Culture: The culture surrounding Lululemon is tough to pinpoint exactly due to the global scale that Lululemon operates at. Originally founded in Vancouver‚ where “the culture [is] healthy living” (Oliffe‚ J. L.‚ White‚ C. F.‚ & Bottorff‚ J. L. 2013)‚ it is clear to see how Lululemon shaped their foundation of a business into now what is one of the largest clothing retailers in the world. Lululemon stresses healthy living through physical activity: their annual renowned “Seawheeze” half marathon
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cheap prices on their products. People with low income would turn to a store like Walmart to purchase their shoes instead of purchasing an expensive branded shoe from a sports store. They also carry fitness clothing at cheaper prices too. 3. Lululemon. Lululemon is extremely well known for their fashionable‚ high quality fitness apparel. Their apparel is used for fitness as well as for fashion and casual wear. Although it is extremely pricy‚ it is still popular. Sue would have a hard time to compete
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