Lululemon Athletica‚ Inc. Created by: Kelsey Davis GBA 490-901 March 21‚ 2014 Table of Contents Executive Summary To: Laurent Potdiven Chief Executive Officer Lululemon Athletica Inc. This report has been created with the intent to analyze the athletic apparel industry with a specific focus on Lululemon Athletica‚ Inc.‚ further refered to as Lululemon. In this report you will find that the strengths and weaknesses of Lululemon’s current strategies and future goals are analyzed and
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Company profile Lululemon was founded in 1998‚ by Chip Wilson. After attending a yoga class‚ Wilson noted that the existing cotton clothing which people wear in yoga class was neither fitted nor appropriate for sweaty and stretchy yoga. He then spotted a gap between the increasingly popular sport and the unmet demand of yoga clothing. With a passion of making quality athletic clothing for women using technical athletic fabrics‚ Wilson started the company. The name of the company was chosen in a survey
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levels increase‚ and also‚ the introduction of women-oriented gyms has also increased the customer base by encouraging more women to partake in fitness. Moreover‚ the technologies of designing and manufactured apparel have been constantly improved. Lululemon`s fastest wicking fabric is primarily used in running gear for women and men which the moisture wicking is inherent in the fabric so will last for the life of the garment. The analysis from porter`s five forces shows: Rivalry between established
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Assignment for Course: MGT 5090 – Entrepreneurial and Strategic Thinking Submitted to: Dr. Regina A. Greenwood Submitted by: Anais Carrasco Date of Submission: May 30th‚ 2013 Title of Assignment: CASE 4 – Lululemon Athletica Inc. CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledge and disclosed in the paper. I have also cited any sources from which I used data
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stores outside North America • Increase awareness of the lululemon brand and apparel line • Incorporate next-generation fabrics and technologies in the company’s products to strengthen consumer association of the lululemon brand with technically advanced apparel products and enable lululemon to command higher prices for its apparel products compared to the prices of traditional athletic apparel • Broaden product line by designing lululemon products for a bigger range of athletic activities •
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option for Lululemon. France has a large population which includes several major urban centers which represent suitable targets for Lululemon’s marketing activities. As a developed economy with a robust economy‚ the average income in France is sufficiently high to afford high quality‚ high price products like Lululemon products. Finally‚ there is sufficiently developed technological and communication infrastructure to support a focused marketing campaign which will allow Lululemon to penetrate
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Lululemon Tops Earning Estimates‚ Stock Price Rebounds Lululemon Athletica (NASDAQ:LULU) shares spiked almost 4.54% after beating analysts’ revenue and earnings estimates by a wide margin of $4.17 million and $0.04 per share‚ respectively. The company’s revenue surged 13% to $544 million compared with the revenue of $479 million in the same period last year. Its total comparable sales increased 7%‚ while direct to consumer revenue surged 16% over the year-ago period. Above all‚ Lulu’s operating
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· Grassroots marketing could hinder Lululemon’s competitive advantage in the future. · In terms of advertising it relies on word of mouth to promote the quality of its product. Situation Analysis and Research · Lululemon hopes to reach as many health driven individuals as possible through grassroots marketing and word of mouth campaign (WOM). It markets its brand through the influence of peers and employees. It has been very successful in building its name and the
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Based on the financial information‚ it is clear that lululemon has performed extremely well using a focused differentiation business-level strategy. However‚ as the case study noted‚ until recently‚ lululemon has been unchallenged in serving a distinct premium yoga niche for women. Dozens of established apparel companies‚ including Nordstrom‚ Adidas‚ Nike and Under Armour‚ have
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Lululemon of SWOT analysis Strength Strong distribution: Lululemon has three large distribution facilities located in Vancouver‚ Sumner‚ and Melbourne. These large facilities allow the company to operate efficiently and distribute its products to its stores around the world. Merchandise was typically shipped to retail stores through third-party delivery services multiple times per week. Widen product lines: Lululemon offers high quality athletic apparel and accessories‚ especially yoga products
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