Home / Knowledge / News / Apparel/Garments / Lululemon athletica plans to focus on menswear line
Lululemon athletica plans to focus on menswear line
22
Jan '13
Lululemon athletica, the US-based yoga inspired athletic clothing company, has stitched plans to focus on menswear collection for future growth of the company by investing more in the sector.

Ms. Christine Day, CEO of Lululemon, said the company is gaining a lot a grip in Canada in menswear section and there is a plan to make a large investment in the sector. She was giving his speech at the 15th annual ICR Xchange Conference in Miami.

According to Ms. Day, for Canada in particular, the investment in menswear line can lead to an enormous growth for Lululemon. She informed that over a year and a half ago, menswear accounted for eight percent of the company’s sales and currently it has grown to twelve percent, with holiday season sales recording fifteen percent.

She mentioned that the company offered discount on only two percent of its stocks during the holiday season sale.

Talking about Lululemon’s expansion plans in international market, she said the company is planning to expand its business in Asia and Europe by opening new outlets in the Netherlands, Hong Kong, Germany and the UK by 2014.

She added that it has 211 stores all over the world, among which 135 stores are in the US. The company is planning to increase its store count in the US to 300.

Lululemon athletica manufactures technical athletic apparel for yoga, running, dancing and other sweaty pursuits.  

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: AWI

Textiles | On 20th Jan 2017

Australian wool EMI at highest ever level in Au$ terms

The Eastern Market Indicator (EMI) managed to forge ahead by a...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Apparel/Garments | On 20th Jan 2017

Fashion etailer Fynd to offer Yepme product offerings

Online fashion retailer Fynd has signed a partnership with Yepme,...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search