lululemon athletica inc. Issues Statement
The lululemon Board of Directors and management team have been consistently focused on enhancing shareholder value and will continue to take actions to achieve this objective. The Board's commitment to the value and reputation of the lululemon brand and the constant focus by the Board and management on the Company's mission and core values is critical to enhancing long-term shareholder value.
The Board is overseeing lululemon's strategy to strengthen the Company's
foundation, focus its product engine on innovation, and accelerate
sustainable and controlled global expansion. By leveraging its
design-led roots, strengthening its supply chain and providing an
exceptional guest experience, we are confident that lululemon, under new
About lululemon athletic inc.
lululemon athletica (LULU) is a yoga-inspired athletic apparel company that creates components for people to live longer, healthier, fun lives. By producing products that help keep people active and stress free, lululemon believes that the world will be a better place. Setting the bar in technical fabrics and functional designs, lululemon works with yogis and athletes in local communities for continuous research and product feedback. For more information, visit www.lululemon.com.
This press release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934 that involve risks, uncertainties
and assumptions, such as statements regarding the future of our products
or results of operations. In many cases, you can identify
forward-looking statements by terms such as "may," "will," "should,"
"expects," "plans," "anticipates," "outlook," "believes," "intends,"
"estimates," "predicts," "potential" or the negative of these terms or
other comparable terminology. These forward-looking statements are based
on management's current expectations but they involve a number of risks
and uncertainties. Actual results and the timing of events could differ
materially from those anticipated in the forward-looking statements as a
result of risks and uncertainties, which include, without limitation:
our ability to maintain the value and reputation of our brand, including
any negative publicity regarding our products or the production methods
of our suppliers or manufacturers; the acceptability of our products to
our guests; our reliance on and limited control over third-party
suppliers to provide fabrics for and to produce our products; an
economic downturn or economic uncertainty in our key markets; our
exposure to various types of litigation; increasing product costs and
decreasing selling prices; our ability to anticipate consumer
preferences and successfully develop and introduce new, innovative and
updated products; our ability to accurately forecast customer demand for
our products; our ability to manage our growth and the increased
complexity of our business effectively; our ability to expand
internationally in light of our limited operating experience and limited
brand recognition in new international markets; our highly competitive
market and increasing competition; our ability to deliver our products
to the market and to meet customer expectations if we have problems with
our distribution system; our ability to protect our intellectual
property rights; our ability to successfully open new store locations in
a timely manner; our ability to comply with trade and other regulations;
the continued service of our senior management; seasonality;
fluctuations in foreign currency exchange rates; the operations of many
of our suppliers are subject to international and other risks; our
ability to source our merchandise profitably or at all; and other risks
and uncertainties set out in filings made from time to time with the
Source: lululemon athletica inc.
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