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Introduction of lululemon athletica
Introduction of lululemon athletica
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Lululemon Athletica, founded by Dennis J. "Chip" Wilson in 1998, is a Vancouver-based Canadian clothing-line producing organization specialized in retailing yoga-oriented athletic apparel. The majority of its customers are women who participate both in yoga and other forms of athletic sports; although, in recent years with the production of a variety of wear products for cardio sports, such as running, cycling, mountain climbing, and so on, there has also been a sudden increase of male customers as well. In ratio terms, however, women are still the majority customer demographic of the organization. In order to maintain its sustainable competitive advantage over other athletic wear companies, the company focuses and applies all its energy in …show more content…
First, the health of all individuals is an essential component of society in order to maintain a healthy functioning nation. With this in mind, lululemons athletica addresses this importance by building customer loyalty with in-store yoga classes to encourage its shoppers to maintain their body through physical exercises, let that be yogi, cardiac, or both. The company hires local fitness instructors to provide the guests the opportunity to learn about yoga and become participant of these in-store classes provided by the company at its expense. Consequently, instead of marketing and advertising, Lulu establishes customer loyalty through positive store experiences. Since the company is based on retailing athletic wear, it successful demonstrated that with positive store experience and high quality products in sum are essential principles for the organization to gain sustainable competitive advantage over other athletic stores. Besides advocating a healthier lifestyle, environmental concerns and the attempt to become an ecologically-friendly organization are also included in lululemon athletica’s mission in achieving social responsibility. To illustrate, Lulu introduced the line of organic-fibre clothing called OQOQO while also maintaining low price. This is important, consider the fact that organic material are friendlier to the environment and healthier to human beings; consequently, the corporation produces the least pollution. Equally important, Lulu launched The Charitable Giving program in which the guest of company have the choice to decide which local charities they would like to contribute. In addition to this, the company is also committed to non-profit organizations to prevention of Cancer, such as the Centre for
While looking at many different reviews people posted online, customers of lululemon athletica seem to be very pleased with the wear and tear of their products. Many different sources say that lululemon athletica’s clothing lasts for an extremely long time therefore people feel that their getting their money’s worth. lululemon athletica is a trend in itself because many consumers want to show off that they work out and wear an expensive clothing line while doing so and love flaunt
The most recognized brands amongst US males in the sports and fitness clothing market are Nike, Adidas, Reebok, and Puma (Statista, 2014). However, there is a large amount of opportunity to gain market share as only Nike hold a high percentage favoritism from male shoppers (Statista, 2012). Multiple brands have a stronger focus on women’s clothing such as: Fabletics, Athleta, and Lululemon. Lululemon has a similar business model however the brand has a stronger connection with women and yoga.
Lululemon geographics have expanded into Asia, Africa, Europe, and have densified in North America with new openings of stores. The companies’ demographics have also expanded. Previously only focused on yogi’s, Lululemon is now focused on any one who sweats and is interested in athletic wear and the lifestyle it promotes. Lululemon also offers the same quality leggings to men and young females; one of Lululemon’s biggest market segmentation moments was when they opened their sister store Ivivva to market the same product to a younger female audience. However, they are still fixed on offering their products at a higher cost, meaning only customers who have money for discretionary products can purchase them; the high exclusiveness and quality has created a loyal fan base. The organization also continues to segment themselves as a leader in the health conscious market, promoting the better lifestyle with yoga ambassadors. With the rise of people being aware of their bodies, Lululemon fits perfectly into the new
Problem: Lululemon Athletica wants to convert consumers of rival workout clothing companies to become loyal customers of Lululemon.
As this consumer group is very interconnected through their passion for fitness and yoga, they also have a shared passion for promoting a healthy, happy, active lifestyle. These consumers also heavily identify with the main point of Lululemon’s manifesto. Lululemon’s public declaration of its policy and aims consists of phrases such as: “The pursuit of happiness is the source of unhappiness”, “friends are more important than money”, and “sweat once a day to regenerate your skin.” (Lululemon Manifesto) Many of these “trendy urban” consumers would identify as a “yogi”, otherwise known as a, “person who is proficient in yoga.” (Google Definition) Their interests and values are consistent with Lululemon’s vision: “a place where people could get a sweat in, we wanted to create a community hub where people could learn and discuss the physical aspects of healthy living, mindfulness, and living a life of possibility.” (Lululemon
Consumers in today’s market are growing increasingly more aware of the need for companies to be socially responsible in order for consumers to show support through loyal business. Baby Boomers, The Silent Generation, Generation Y and Generation X cultures have embraced the megatrend of environmental and social consciousness of organizations, despite their many different generational characteristics (Kotler & Ketler, 2012). Home Depot has become more than just the orange home improvement store by continuing to effectively integrate multiple marketing strategies into its business plan. Home Depot targets a variety of consumers, helping gain a wide customer base to support the company even through economic swings (Home Depot, 2012). By focusing on all of the macro-environmental factors, Home Depot is now known as a company that helps all Americans create a personal sanctuary in their homes, regardless of their income (Home Depot, 2012).
Delivering the product to retailers is an extremely important piece of the footwear industry. There are many moving parts, from the actual manufacturer to multiple distribution centers and delivery, which can all be quite costly. In order to reduce cost and transportation time, many companies will take the operations overseas just as New Balance did. With the move overseas, New Balance needed to pay special attention to human and labor rights, as well as social and environmental challenges. Brands such as Nike, Reebok, and Timberland have been longtime competitors of New Balance, and at the time had already acknowledged the need and developed their own corporate social responsibility strategies. So in 2006, New Balance made a commitment to corporate social responsibility as a central part of their vision and mission. They recognized that this is going to be the way to differentiate themselves as a company that “thrives” from a company that just “...
Since 1998, Lululemon has transformed the way people dress to workout. Through innovative products and technical athletic fabrics, a brand was created to provide clothing for workouts such as yoga, running and cycling. Lululemon opened its first store in Vancouver in 2000 with the plan to have the store be a community hub for people to learn and discuss their physical fitness and overall health goals. As Lululemon was more than a store to provide products for consumers, their goal was to influence every person who walked into the store. A basic criterion for investment is Lululemon’s mission to create components for people to live longer, healthier, fun lives. All Lululemon locations maintain strong relationships with local communities and host in-store events such as complimentary yoga classes and goal-setting workshops.
About lululemon Athletica inc. is a well known athletic apparel retailer based in Vancouver, British Columbia, Canada which is known for its fashionable yoga wear and also the promotion of yoga through their apparel. It’s a unisex apparel company founded in 1998 by Chip Wilson. Recently Glenn Murphy was announced as the Chairman of lululemon. The retailing company has stores across 354 locations across Northern America, Europe, Oceania as well as Asia. It trades under NASDAQ by the name lulu.
Founded in Vancouver BC in 1998, the first Lululemon shared its retail space with a yoga studio. Lululemon Athletica inc. is a Canadian designer and vertical retailer of athletic apparel, which operates predominately in North America (“Lululemon Athletica Inc (LULU.O),” 2014). The Company’s garments are marketed under the brand name “Lululemon Athletica” (“Lululemon Athletica Inc (LULU.O),” 2014). Lululemon decided to go public in 2007, 7 years after opening their first store in 2000, raising $327.6 million (Urstadt, 2009).
What makes a person choose one brand of clothing over another? Is it the price? Or is it the style of the clothing? There are numerous factors that will play a key role in determining who will purchase your products and why they will choose to purchase your product. Kevin Plank, the founder of Under Armour and former captain of the special teams on Maryland University’s football team, would become infuriated at the amount of times he was forced to change his undershirt during games and practices due to how heavy with sweat they would become. He set out to create a shirt that would help keep an athlete cool and dry during intense physical activity. This simple idea would develop into a powerhouse in the sports apparel industry and has broken into the sports equipment industry as well.
Lululemon Athletica, Inc. (Lululemon) is renowned for its technical, high-quality yoga-inspired apparel for women. However, the company is growing beyond this niche market and is therefore altering its competitive strategy. Lululemon utilizes a broad differentiation strategy because its target market is broad and its product line is varied, it stresses product innovation, and its community-based marketing and retail experience sustain its differentiation from competitors.
As a response of various environmental issues from the textile manufacturing industry, green or sustainable textile manufacturing has aroused in recent years. The idea and concept of sustainable textile manufacturing is involving ethical and sustainable considerations to the entire supply chain process, from textile production to apparel manufacturing to retailing. “According to the Ethical Fashion Forum (2011), ethical fashion “represents an approach to the design, sourcing and manufacture of clothing which maximizes benefits to people and communities while minimizing impact on the environment.” The ethical fashion industry follows an ethical production cycle which creates social and environmental value.” (Cervellon & Wernerfelt, 2012, p. 177) Consumers is the biggest contributor and the reason of success for the textile manufacturing industry, therefore, in order to promote the growth and future for sustainable textile manufacturing, the education and knowledge that consumers have on green fashion and a new mindset for business and manufacturing are crucial for the future of a better environment for
This article is about the overall impacts of fast fashion. The particular section referenced discusses possible solutions and alternatives to fast fashion. It talks about how it is possible to produce environmentally friendly clothing through the use of organic cotton, bamboo, hemp, and other fiber crops that require less pesticides, water, and other inputs. It goes on to share how certain brands are beginning to implement the model of sustainable clothing. The point of this article is to introduce readers to the topic of fast fashion, give background, and show readers what they
Mission Statement: As an educator I will provide for students the opportunity to make a positive difference in their lives to help them accomplish unexpected goals. I will enhance learning to support my students in achieving their highest potential by integrating technology into the curriculum. I will integrate conceptual technology learning techniques that will implement concrete knowledge of technology that will emphasize mastery of understanding. Through committed support from educators, faculty, staff, parents, and the community, I will advance learning to support my students. This will allow students to become confident, creative, motivated, technology-ready students. I will provide leadership to achieve these standards of excellence each student deserves for a technology driven society.