Lululemon to open men’s stores
New York -- Women’s yoga and activewear retailer Lululemon plans to open freestanding stores for men by 2016, outgoing company CEO Christine Day said during a presentation at a William Blair & Co. conference in Chicago. Day recently announced her plans to retire from the company once a successor is named.
Lululemon already sells select men's items, including golf polo shirts and underwear in its existing stores. Men’s apparel currently accounts for a “mid- to high-teen” percentage of the company’s sales mix, Betty Chen, a San Francisco-based analyst for Wedbush Securities, told Bloomberg.
Men’s same-store sales have been higher than the rest of the business “in general,” John Currie, CFO, said on Lululemon’s earnings conference call June 10.