Lululemon Athletica (LULU) is a Canadian athletic apparel retailer, best known for its high-quality yoga and workout clothing. The company was founded in 1998 by Chip Wilson in Vancouver, British Columbia. Lululemon’s initial focus was on designing stylish and functional yoga clothing for women, but it has since expanded to offer a wide range of athletic wear for both men and women.
Lululemon’s products are known for their premium materials, stylish designs, and attention to detail. The brand has built a strong following and loyal customer base, largely due to its emphasis on quality and performance. The company’s signature fabric, called Luon, is a blend of nylon and Lycra that is moisture-wicking, breathable, and stretchy, allowing for optimal comfort during exercise.
as of April 13, 2023
Great business, horrible price. Lululemon’s growth story is second to none in apparel retail. It’s been on fire since it got started, growing 20,000% in the last 20 years from $40 million in sales to more than $8 billion last year. Another big positive is the ability to convert retained earnings into high market capitalization. Lulu has done this very well with every $1 in retained generating $19 in value. That said, the current price is not ideal.
