lululemon athletica named in top three of most successful stores by RetailSails
Los Angeles, California – November 18 , 2012 – USA Today reports that according to RetailSails, a retail and consumer goods consulting firm, that lululemon athletica is the third most successful retail store following Apple and Tiifany & Co.
“3. Lululemon Athletica > Sales per sq. ft.: $1,936 > Sales per store: $5.49 million > No. of stores: 189 > 1-yr. sales growth: 38.6% >Revenue: $1.0 billion
Founded in 1998, Lululemon is a yoga and sporting apparel company headquartered in Vancouver, British Columbia. Not only are its sales per square foot higher than all other retailers on this list except two, but its sales per store are higher than most apparel stores as well, even though it has substantially less store space than other companies. Still, Lululemon’s one-year sales growth was the eighth highest on the RetailSails list, and its share price is up nearly 50% year-to-date. The company said it expects to open 30 stores in the United States by the end of the fiscal year.”
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