Trade Lululemon Athletica
Lululemon Athletica (), lululemon athletics-style, is a Delaware-based sportswear retailer based in Vancouver. Lululemon was founded in 1998 as a retailer of yoga pants and other yoga clothing, and has since expanded to sell its products internationally in 491 stores as well as online. The company has expanded to sell a variety of sports wear, including performance shirts, shorts, pants, as well as lifestyle clothing and yoga accessories. Lululemon was founded in 1998 by Chip Wilson in Vancouver, British Columbia, with the opening of its first standalone store in November 2000. Wilson created a name that contains many L so that it seems western to Japanese buyers, who often find it difficult to pronounce the message. The company's Initial Public Offering (IPO) was in July 2007, raising $327.6 million through the sale of 18.2 million shares. Christine Day, former co-president of Starbucks, became CEO at 2008.In 2013, and the company appeared for the third time in a row on Fortune's fastest growing list. In December 2013, Chip Wilson's founder announced his resignation as Chairman, and toms Shoes Chairman Laurent Butdevin will become CEO. In 2014, lululemon opened its first store in Europe, a flagship store in Covent Garden, London. In February 2015, Wilson announced that he would resign from the board, and that Michael Casey, the former chief executive officer, would replace him. In 2018, Laurent Botdevin resigned as CEO and board of directors Because of misconduct. In 2019, Lululemon announced an investment in Mirror, a fitness startup that sells an interactive mirror with a camera and speakers for exercises at home. Companies planned to create new content for the device, starting with meditation lessons. In June 2020, Lululemon announced a $500 million deal to buy Mirror, taking advantage of a growing trend of people conducting virtual workouts at home instead of going to the gym because of the COVID-19 epidemic.