22 Facts About Lululemon

1.

Lululemon was founded in 1998 by Chip Wilson in Vancouver, British Columbia, Canada, with its first standalone store opening in November 2000.

FactSnippet No. 440,248
2.

Lululemon later remarked that he found it "funny to watch [Japanese speakers] try and say it".

FactSnippet No. 440,249
3.

In 2014, Lululemon opened its first store in Europe, a flagship shop in Covent Garden, London.

FactSnippet No. 440,250
4.

In 2019, Lululemon announced an investment in MIRROR, a fitness startup that sells an interactive mirror with a camera and speakers for at-home workouts.

FactSnippet No. 440,251
5.

In June 2020, Lululemon announced a $500 million deal to purchase MIRROR, capitalizing on a growing trend of people conducting virtual workouts at home instead of going to a gym due to the COVID-19 pandemic.

FactSnippet No. 440,252
6.

From its founding through 2015, Lululemon incorporated elements of Landmark Forum into its leadership and development training.

FactSnippet No. 440,253
7.

Lululemon sells athletic wear including tops, yoga pants, shorts, sweaters, jackets and undergarments, as well as hair accessories, bags, yoga mats, water bottles, and personal care products such as deodorant and dry shampoo.

FactSnippet No. 440,254
8.

Lululemon trademarked its original fabric, Luon, which included a higher-than-average amount of nylon microfiber, in 2005.

FactSnippet No. 440,255
9.

Lululemon is primarily known for their leggings, which first made the brand popular.

FactSnippet No. 440,256
10.

Lululemon maintains a research and development lab, "Whitespace, " within its headquarters.

FactSnippet No. 440,257
11.

Originally known for women's yoga apparel, by 2019 Lululemon had grown by acquiring more male customers, adapting its product and marketing strategies accordingly, and plans to increase awareness of the brand among men.

FactSnippet No. 440,258
12.

Lululemon has been stated to use "holistic guerrilla marketing", aiming to make customers feel that by wearing Lululemon clothing they are part of a larger community.

FactSnippet No. 440,259
13.

Lululemon uses social media including Facebook, Twitter and Instagram as one of its main methods of marketing the company and its products.

FactSnippet No. 440,260
14.

Lululemon has its "Sweat Collective" which allows for instructors of fitness to receive 25 percent off their order.

FactSnippet No. 440,261
15.

Lululemon has a wide network of stores around the world with 270 as of 2018.

FactSnippet No. 440,262
16.

In terms of product development, Lululemon is trying to develop new fabrics to provide customers with more comfortable use experience, like their Nulu fabric.

FactSnippet No. 440,263
17.

Lululemon increased its liquidity by 2018, making it easier to raise capital and capture market growth opportunities.

FactSnippet No. 440,264
18.

In November 2007, The New York Times reported that Lululemon made false claims about its Vitasea clothing product; the firm had claimed that the clothing, made from seaweed, provided "anti-inflammatory, antibacterial, hydrating and detoxifying benefits" but laboratory tests failed to find significant differences in mineral levels between ordinary T-shirt cotton and Vitasea fabric.

FactSnippet No. 440,265
19.

Lululemon was forced to remove all health claims from its seaweed-based products marketed in Canada, following a demand from a Canadian oversight agency, the Competition Bureau of Canada.

FactSnippet No. 440,266
20.

In December 2010, Lululemon recalled some of the store's reusable bags that were made from polypropylene, based on reports of high levels of lead.

FactSnippet No. 440,267
21.

In 2013, Lululemon recalled its black yoga pants that were unintentionally transparent and "too thin"; the recall, which amounted to approximately 17 percent of all women's pants sold in its stores, impacted its financial results.

FactSnippet No. 440,268
22.

In 2012, Lululemon filed a lawsuit against Calvin Klein and supplier G-III Apparel Group for infringement of three of its design patents for yoga pants.

FactSnippet No. 440,269