Lululemon is a technical athletic apparel company for yoga, running, training, and other sweaty pursuits.
lululemon athletica inc. is a US-Canadian athletic apparel retailer headquartered in British Columbia and incorporated in Delaware. It was founded in 1998 as a retailer of yoga pants and other yoga wear, and has expanded to also sell athletic wear, lifestyle apparel, accessories, and personal care products. The company has 574 stores internationally, and also sells online.
Both Peloton and Lululemon will partner for 5 years as they hope to exchange benefits to help support the exercise and athletics businesses.
Lululemon Athletica announced a revenue of about $2.2 billion, up approximately 18 percent compared to the same time last year.
For the second quarter, Lululemon Athletica expects to report net revenue of between $2.140 billion and $2.170 billion, thereby representing growth of approximately 15 percent.