Lululemon Athletica Inc. (LULU)
Summary
Activist investor Elliott reportedly takes $1 billion stake in Lululemon, eyes new CEO
Activist investor Elliott Management has taken a sizeable stake in Lululemon Athletica and has a potential CEO candidate in hopes of turning around the company's fortunes, according to a new report.
Elliott Builds Over $1 Billion Stake in Lululemon
The activist investor is pushing for former Ralph Lauren executive Jane Nielsen to be Lululemon's new CEO.
Here is What to Know Beyond Why lululemon athletica inc. (LULU) is a Trending Stock
Recently, Zacks.com users have been paying close attention to Lululemon (LULU). This makes it worthwhile to examine what the stock has in store.
Lululemon Athletica Inc. (LULU) FAQ
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Lululemon Athletica Inc. Profile
| Textiles, Apparel & Luxury Goods Industry | Consumer Discretionary Sector | Calvin R. McDonald CEO | NASDAQ (NGS) Exchange | 550021109 CUSIP |
| CA Country | 39,000 Employees | - Last Dividend | 12 Jul 2011 Last Split | 27 Jul 2007 IPO Date |
Overview
Lululemon Athletica Inc., established in 1998 and headquartered in Vancouver, Canada, is a premier designer, distributor, and retailer of athletic apparel, footwear, and accessories under the globally recognized lululemon brand. Catering to both women and men, the company is renowned for its commitment to quality and innovation, targeting individuals who lead a healthy lifestyle, including activities like yoga, running, and training. Lululemon's expansive global footprint spans across continents, including the United States, Canada, Mainland China, Australia, South Korea, Hong Kong, Japan, New Zealand, Taiwan, Singapore, Malaysia, Macau, Thailand, the Asia Pacific, the United Kingdom, Germany, France, Ireland, Spain, the Netherlands, Sweden, Norway, Switzerland, Europe, the Middle East, and Africa. The brand's diverse sales channels include a wide array of company-operated stores, outlets, an interactive workout platform, partnerships with yoga and fitness studios, university campus retailers, license and supply arrangements, mobile apps, and the comprehensive lululemon.com e-commerce website.
Products and Services
- Pants, Shorts, Tops, and Jackets: Lululemon offers a wide range of high-quality athletic wear designed for a variety of activities such as yoga, running, and training. These products are crafted to support a healthy lifestyle, offering both comfort and functionality.
- Fitness-inspired Accessories: In addition to apparel, Lululemon provides a range of accessories that complement an active lifestyle. These include items designed to enhance the workout experience, bring convenience, and support the fitness journey of their customers.
- Interactive Workout Platform: Embracing modern technology, Lululemon offers an interactive workout platform that delivers fitness and yoga classes, enabling users to engage in physical activities from the comfort of their homes or while on the go.
- Multi-channel Retailing: Lululemon utilizes a multi-faceted retailing strategy encompassing company-operated stores and outlets, partnerships with yoga and fitness studios, sales through university campus retailers, license and supply arrangements, seasonal or temporary locations, mobile apps, and a robust e-commerce platform (lululemon.com) to reach a wide audience and provide convenient shopping experiences.
