Analysis of Lululemon Athletica Inc (LULU)

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Industry & Market Analysis Market Needs The first Lululemon store was initially created as a place for people to gather to learn and share ideas about a healthy lifestyle. As the company expanded, Lulu could no longer target every individual walking into the store with knowledge of healthy living. At this point, the company shifted its focus to educating their employees who could positively influence everyone who walked into the stores. The thought and reasoning that went into the first Lulu store has continued as the company has grown. It has continued to target active people while pushing everyone towards a healthy lifestyle. Its main target market is young woman, between 15 and 34 years old, in the middle to upper classes. One of Lulu’s top products is its yoga pants, which along with a majority of the products Lulu creates, are made to wear during exercise. The style and fit of this clothing helps men and women alike to look good while working out, this leads to a boost in self-confidence and self-esteem. On the other hand, the close fitting material incentivizes people to stay active and eat healthy in order to fit into the clothing that is offered by Lululemon. In the past few years Lulu has expanded its target market to include active males as well. The same material is used in the male products, so the male consumers benefit in similar ways as the woman consumers. Industry Environment Lululemon is an athletic company that is in the clothing industry and more specifically in the retail sector of the economy. The clothing industry is a multi-million dollar industry that is devoted to the making and selling products for consumers to wear. Lululemon produces various athletic attire for both men and women including exercise... ... middle of paper ... ...n/age/data/2011comp.html> "When it comes to sport, kids think they can dance." The Sydney Morning Herald. N.p., n.d. Web. 3 Dec. 2013 . "SBRnet | Sport Business Research Network." SBRnet | Sport Business Research Network. N.p., n.d. Web. 3 Dec. 2013. . Barnes PM, Schoenborn CA. Physical activity among adults: United States, 2000. Advance data from vital and health statistic; no. 333. Hyattsville, Maryland: National Center for Health Statistic. 2003. Kilpatrick, Marcus, Edward Hebert, and John Bartholomew. "College Students' Motivation for Physical Activity: Differentiating Men's and Women's Motives for Sport Participation and Exercise ." Journal of American College Health 54 (2005): 92. Mintel . Web. 4 Dec. 2013.

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