Lululemon Is Still in Growth Mode
Lululemon (NASDAQ: LULU), one of the most popular athleisure-focused companies, is among the small number of retail companies that are expanding its store base during 2020's economic and COVID-19-related challenges. Here's why Lululemon is confident in its continued growth while some peers are taking a more conservative stance.
Image source: Lululemon.
While large clothing retailers like Gap (NYSE: GPS) are closing 225 stores globally (net of openings) in 2020, Lululemon continues its expansion, with plans to open 30 to 35 net new stores this year. It sees the importance of a physical presence in driving revenue growth. The athleisure retailer has focused on community-centric offerings in stores, such as group yoga classes and outdoor workouts with local ambassadors:
Source Fool.com
