Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Lululemon employees made to go to landmark seminars

28/10/2021 Client: muhammad11 Deadline: 2 Day

Need Assignment Based On Uploaded Document

Lululemon

If you invested in Lululemon in 2007 at $2 share, your investment would have more than

quadrupled. The shares have since risen to as high as $81, and investors are still optimistic

about the company’s future. The Canadian athletic clothing retailer has a lot to be proud

of. What started off as a humble Vancouver company in 1998 has risen to a billion-dollar

multinational with over 200 stores across North America, Europe, and Asia. 28

Lululemon athletica has been called the “Nike for Women.” 29 In an already competitive

sports retail market, how did this small yoga company rise to such greatness?

Two Canadian marketing academics agree that Lululemon offers something unique: a

high-quality product for yoga enthusiasts.

“Lots of people can make a good product, but this is [a] product really specially

designed for stretch, fabric, and the age of people who do yoga,” explained Alan Middleton,

marketing professor at York University’s Schulich School of Business.

According to Michael Mulvey, University of Ottawa marketing professor, Lululemon’s

product is known for its superior design and high quality. Mulvey also credits its sales staff,

called “educators,” for their focus on the customer. Mulvey explained that its customer service

is superior and appeals to the target market. Since Lululemon is not selling an undifferentiated

product to the mass market, it is not a traditional mass-market retailer. 31

Beyond a quality product, interest in the company has grown through the use of social

media. The yoga community is a well-connected demographic, says Mulvey. “In where

they put stores, in how they linked into local yoga clubs where their stores were . . . and

them being engaged in the whole promotion of yoga,” he explained. “They’ve got a very

nice niche.”

Clearly, strong community ties have resulted in less advertising costs. “We don’t do

ads,” says Nina Gardner, Lululemon’s community relations manager. “All of our marketing

is done word-of-mouth and grassroots. The only place you’ll see ads is in Yoga Journal

and Runners World , two national publications.” 33

Lululemon, of course, is not just selling yoga clothes, it’s also selling a lifestyle.

You can it see in its stores and its slogans. On a typical Saturday afternoon, its employees

are busy helping customers and community building. According to Timothy Taylor

of the Globe and Mail , in stores you’ll see a unique shopping experience. Taylor explains

that customers, mostly women, are called “guests,” ranging in age from young teenagers

to senior citizens. In fact, it is not just about yoga pants. The youthful staff are

modelling wraps and toques and advertising product features, and customers are comparing

fabrics.

CEO Christine Day argues that yoga isn’t just an exercise. It represents a broader trend

to take better care of yourself and live a healthier lifestyle. According to Day, Lululemon

is “part of, and contributing to a bigger macro-trend that affects consumers from their

early teens to their 70s. Investing in your health will pay big dividends for individuals and

society . . . elevating the world from mediocrity to greatness.”

Part of this lifestyle is also seen in its slogans such as “Friends are more important

than money” and “Dance, sing, floss and travel.”

Strategically, the company has also done something else differently. The company

uses a “scarcity model,” keeping inventory supplies low. According to Day, this creates

fanatical shoppers who return frequently to the store. 36 Few sales are offered, which means

customers must buy products at regular price. Typically, yoga pants range from $75 to

$128, when similar products can be found at Old Navy or the Gap for under $30.

The company’s reputation for quality and authenticity is one of the reasons customers

keep coming back. Marina Strauss of the Globe and Mail refers to the clothes as “aesthetically pleasing, functional—and pricier.” Day calls it the “Apple Model.” The

company keeps improving its clothing features and fabrics, and customers show their

appreciation through their ongoing loyalty.

Clearly, Lululemon is focused on its customers and their love of yoga. In recent years,

this ancient Hindu custom has become a popular trend in Canada and around the world.

Indeed, the practice of yoga is on the rise. The number of people that engage in some form

of yoga has risen to over 20 million in the United States alone. It is evident that Lululemon

has been able to appeal to this growing market.

Certainly, the value and popularity of the brand is growing. In 2012, the company

was ranked the 7th most popular Canadian brand by Interbrand in its biannual Best

Canadian Brands report.

The company is also unique in how it treats its employees. Often referred to as

“educators,” Lululemon employees receive special training to ensure professional quality

service for their customers. After their first employment anniversary, staff

receive a “learning library” that includes books such as The Seven Habits of Highly

Effective People , The Phoenix Seminar: Psychology of Achievement , and Landmark Forum

Seminars.

What’s next for Lululemon? The company has started to expand into traditional

apparel as well as swim and surf clothes to appeal to a larger customer base. In fact, in

2013 Lululemon decided to develop a men’s clothing line to appeal to both runners and

male yogis. “They have moved from being strictly yoga to a lot of running stuff, which

sort of broadens the appeal,” says consultant Maureen Atkinson. “From the point of view

of men, it becomes more acceptable to be in a store that focuses on running instead of

(just) yoga.”

Retail consultant Howard Davidowitz agrees. “Yoga is recognized not only by women,”

Davidowitz said. “If you call health clubs, more men are attending yoga classes. Men are

going to show up with their wives and their girlfriends to shop now. [I’d] say 90 percent of

their business is women’s wear. If they can add 10 percent for men . . . I look at it as a very

strong market for them.”

The greater challenge is keeping the company’s “aura of virtue” and “specialness”

while appealing to the mass population. After all, investors are demanding growth. 42

According to David Ian Gray, a retail strategist, “the specialness of a brand is hard to

sustain when you see it on every street corner or, in this case, on every other woman in

your yoga class or in the elementary school playground when you pick up your kids. That

sense of being part of a haloed community starts to dissipate when the group has grown so

big that it encompasses almost everybody—which is exactly what happened mid-90s to

the Gap, or mid-2000s to Starbucks.”

Has Lululemon made any mistakes? Some analysts believe the yoga giant could have

made even greater sales if it was better at matching supply with demand. The question is,

can Lululemon now expand beyond yoga wear and be successful with aiming its products

at the mass market? Many say, why not? “Is this a powerhouse company? My answer is

yes,” Davidowitz said. “Will it be five years from now? Yes, because they’re so dominant

and so recognizable. They’ve established themselves as the headquarters for yoga wear in

the United States.”

Certainly, other retailers have tried to tap into the yoga market. Under Armour, Nike,

Adidas, Victoria’s Secret, and American Eagle are a few companies that have sold yoga

wear. But so far, they haven’t captured Lululemon’s market share. It seems that Lululemon

is doing something special; and for now, it’s going to keep on doing it.

There is a saying: “Do what you love, and the money will come”—for Lululemon, it’s

the love of yoga.

Questions

1. Analyze the yoga clothing industry using Michael Porter’s five-forces model.

2. Conduct a VRIO analysis of Lululemon.

3. Discuss which of the three kinds of business-level strategies you think Lululemon is

employing or should employ.

· ### If you need textbook , I also uploaded the textbook.

IMPORTANT: Need a report on the questions with Citations along with the “link”(URL is necessary)

· 2-3 sources for each question

· Need a good report

· Explain the answers for the question precisely.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Premium Solutions
Quick Finance Master
Assignment Solver
Fatimah Syeda
Essay Writing Help
Writing Factory
Writer Writer Name Offer Chat
Premium Solutions

ONLINE

Premium Solutions

I reckon that I can perfectly carry this project for you! I am a research writer and have been writing academic papers, business reports, plans, literature review, reports and others for the past 1 decade.

$38 Chat With Writer
Quick Finance Master

ONLINE

Quick Finance Master

After reading your project details, I feel myself as the best option for you to fulfill this project with 100 percent perfection.

$41 Chat With Writer
Assignment Solver

ONLINE

Assignment Solver

I have read your project description carefully and you will get plagiarism free writing according to your requirements. Thank You

$46 Chat With Writer
Fatimah Syeda

ONLINE

Fatimah Syeda

I have assisted scholars, business persons, startups, entrepreneurs, marketers, managers etc in their, pitches, presentations, market research, business plans etc.

$20 Chat With Writer
Essay Writing Help

ONLINE

Essay Writing Help

After reading your project details, I feel myself as the best option for you to fulfill this project with 100 percent perfection.

$15 Chat With Writer
Writing Factory

ONLINE

Writing Factory

I find your project quite stimulating and related to my profession. I can surely contribute you with your project.

$18 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

+91-8306951337 vashikaran specialist near me IN Vijayawada - Emergency generator solas requirements - INFO321 Assignment 7 - Goldmail gold ac uk - How to draw a cube on paper - Leadership theory and practice case studies - Summary-response Essay - Apa citation for silver linings playbook - The one minute apology ppt - Glendale east public school - Biopsychology of emotion stress and health - HA599 Unit 9 Discussion - Separation of duties in IT - Macquarie university undergraduate fees - Create an abbreviated Risk Management Plan and Risk Register. - 34.3 mm freeze plug autozone - Political Parties Essay /no plagiarism / must be original / scholar resource 2015/ must be turn in ready/ cited - Degree in english grammar - Art appreciation 1301 final exam - Nur634d5q1 - Client teaching about electrical equipment safety ati - Using open ended questions in nursing - Cbs on virgin media - Employee class python - How does a hawaiian baritone laugh answers - Bull alley theatre training company - 45 dover street malvern - How to calculate average risk premium - Lauren goldstein rent the runway - 12 Pages APA - Price/Deadline Not Negotiable - Human Resources/Project Management Experts ONLY!!! - Frenchies of sandstone retreat reviews - Auspost small satchel dimensions - Roth and pilling competencies - Cebm levels of evidence - Wheel of fortune sextet nyt crossword - Whistleblowing in publicly traded companies within the last 12 months - Discussion - American Psychological Association. (2020). Publication manual of the American Psychological Association (7th ed.). Chapter 3 and 4 - 313199 ict support technicians nec - Phi 103 week 4 journal - Structural functionalism talcott parsons - How to construct an ecomap - 4 beacons moreton bay map - Paper - Aseptic technique lab report answers - Https firstworld firstsource com intranet - Management leading and collaborating in a competitive world 9e - ¿sabes? el concierto al aire libre fue un éxito. yo creía que (1) , pero hizo sol. - Seton hall email address - The global emotional intelligence test - Planet retail net group - 508 bc ancient greece - Pediatric drug use - Australia in the global economy answers - Oilatum soap bar superdrug - Quality of life self care wheel essay - Assignment - Cmi adjusted discharge calculation - Which of the following statements applies to media planning - Essential skills classroom management - Vhdl code for 2 1 mux - ECON 3100-090 Fall 2020 - Spanish preposiciones - Pgcc human resources - Onslow company purchases a used machine - Ned kelly primary sources - Little red riding hood script - COMMUNITY HEALTH - How to recruit a zombie in hollywood u - Unit 8 Journal - D5 - Assignment - 7.2 trillion in scientific notation - Acca p level papers - Ethics in finance unimelb - Frimley park hospital phone number - Best practices for it infrastructure security policies - Advantages of aseptic packaging - 215 minutes to hours - One size fits none sparknotes - Dax hair grower zimbabwe reviews - Elio kayaks price list - Journal - MKT 315 Wk2 DQ1 - Bubble chamber tracks analysis - Din en 10131 dc01 - Computer misuse act 2008 - Rina consulting d appolonia - How to calculate tukey hsd - Discussion 10 & 11 - John hunter hospital neurologists - You can grow your intelligence - Psalm 119 105 kjv - Semi log plot paper - Commonwealth bank eftpos support - Definition essay - When is rush hour in tokyo - Refworks is a citation generator made available through the ashford writing center. - Lenses lab report - Opposite of still life