lululemon creates history almost 100% growth in stock price, wins Forbes “Retailer of the year” award - SkillNet Solutions

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lululemon creates history almost 100% growth in stock price, wins Forbes “Retailer of the year” award

JANUARY 08, 2020

lululemon has grown multifold in last 15 years. This year the next feather in the cap is Forbes Winner “Retailer of the Year 2019”. We congratulate them for the success and cherish the partnership.

We are delighted when our clients succeed; a case in point is lululemon Athletica. lululemon has beaten the S&P Retail index by a huge margin. Furthermore, this thanksgiving season lululemon was featured as one of the best Thanksgiving retail winner of the year.

The other feather in the cap is Forbes naming lululemon as the retailer of the year ahead of Walmart, Target etc. Forbes writes – “lululemon stands out from the crowd for what it has accomplished in one of the most hotly competitive areas around, specialty apparel.”

With this performance, no wonder the stock price of lululemon has grown about 100% in a year. Congratulations team lululemon for outgrowing the whole Retail index of S&P by a whopping margin, record-breaking holiday shopping weekend and winning the Award “Retailer of the Year 2019” by Forbes.

The MarketWatch reports that the retailers who have strong multiplatform capabilities, which makes shopping convenient won this seasons holiday shopping. Do you have a multiplatform strategy in place?

Another research by Adobe Analytics suggests that Buy-online-pickup-in-store has grown 43.2% year-over-year in 2019. Is your technology ready to cope up with the retail evolution?

Forbes states – to paraphrase – lululemon is on its way to create a cult of lululemon lifestyle with its two newest stores in Chicago and Minneapolis with its experience stores. Do you have the technology and partners to execute such bold ideas?

Reach out to us for learning how we do retail transformation, including enabling BOPIS solution, faster deployment with DevOps and cloud enablement for our clients.

Additional resources –

lululemon Stock Is Up Over 80% viz-a-viz industry S&P by 5%

Analysts say lululemon in top 3 Thanksgiving weekend retail winners

Forbes: 2019 Retail Awards

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