Lululemon Stepping Soundly Into The Footwear Business
Recently, the CEO of Lululemon (LULU) Calvin McDonald shared with analysts that the company is planning to launch its own footwear line as a part of its five-year growth plan, upon successful collaboration with sneaker company Athletic Propulsion Labs, Los Angeles. The brand well known for its Apparel offering apparently had launched APL sneakers in August 2017 to test the market. Calvin stated “We’ve tested and learned a lot on footwear,” as per reports. The entry of Lululemon in the footwear range holds a good chance to threaten to a fair piece of the footwear business from the likes of sportswear giants i.e. Nike, Adidas, and Under Armour who are investing huge on their footwear businesses. NIKE, Inc. (NIKE) is the world’s top designer, marketer, and distributor of athletic footwear, equipment, apparel, and accessories. The Beaverton, Oregon based company offers products for a wide variety of sports and fitness activities. To learn more about NIKE, Inc. (NIKE) and to continue to track its progress please visit the Vista Partners NIKE Coverage Page. Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. Stay Informed! Stay Competitive! Join us at Vista Partners! It’s FREE to receive email updates.