New Appointment Further Develops Information Technology Strategy
VANCOUVER, British Columbia--(BUSINESS WIRE)--
lululemon athletica inc. [NASDAQ: LULU; TSX: LLL] today announced that
Kathryn Henry has been appointed to its Senior Leadership Team as Chief
Information Officer. In this role, Ms. Henry will oversee all global
information technology operations for lululemon. She will report to CEO
Christine Day, and work closely with Christine and CFO John Currie on
the Company's strategy.
Ms. Henry possesses 7 years of senior level information technology
experience working for specialty retail companies during periods of
development. She joins lululemon from Gap, Inc., a $14.2 billion global
specialty retailer, where she served as Vice President and Chief
Information Officer of International IT and Gap North America and was
responsible for the systems support of key international growth
initiatives. Prior to Gap, Inc., Ms. Henry was Vice President of Dockers
Business Divestiture and Vice President of Global IT Strategy &
Development at Levi Strauss & Co. Previously, she also served as Senior
Manager of Customer Relationship Management Practice at Ernst & Young
and Manager and Senior Consultant at Deloitte & Touche.
Commenting on Ms. Henry's appointment, Christine Day, CEO of lululemon
athletica, said, "We are excited to have Kathryn as part of our team —
she has great relevant international, e-commerce and vertical retail
experience from years spent at Gap and Levis and has most recently spent
time on her own personal training & Postural Alignment therapy business,
making her a strong cultural fit for lululemon. We look forward to
having Kathryn on board to develop an IT platform that will further
strengthen our IT strategy and drive innovation, supporting lululemon's
future growth initiatives."
About lululemon athletica inc.
lululemon athletica (NASDAQ:LULU; TSX:LLL) is a yoga-inspired athletic
apparel company that creates components for people to live longer,
healthier and more fun lives. By producing products that 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,
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 our future financial
condition or results of operations, our prospects and strategies for
future growth, the development and introduction of new products, and the
implementation of our marketing and branding strategies. In many cases,
you can identify forward-looking statements by terms such as "may,"
"will," "should," "expects," "plans," "anticipates," "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: the possibility that we may not be able to manage
operations at our current size or manage growth effectively; the
possibility that we may not be able to locate suitable locations to open
new stores or attract customers to our stores; the possibility that we
may not be able to successfully expand in the United States and other
new markets; the possibility that we may not be able to finance our
growth and maintain sufficient levels of cash flow; increased
competition causing us to reduce the prices of our products or to
increase significantly our marketing efforts in order to avoid losing
market share; the possibility that we may not be able to effectively
market and maintain a positive brand image; the possibility that we may
not be able to maintain recent levels of comparable store sales or
average sales per square foot; the possibility that we may not be able
to continually innovate and provide our consumers with improved
products; and the possibility that our suppliers or manufacturers may
not produce or deliver our products in a timely or cost-effective
manner; and other risk factors detailed in our filings with the
Securities and Exchange Commission ("the SEC"), including Risk Factors
contained in our final prospectus relating to our initial public
offering included in our Registration Statement on Form S-1 (file no.
333-142477) filed with the SEC, as revised or supplemented by our
quarterly reports on Form 10-Q filed with the SEC. Our filings with the
SEC are available at www.sec.gov.
You are urged to consider these factors carefully in evaluating the
forward-looking statements herein and are cautioned not to place undue
reliance on such forward-looking statements, which are qualified in
their entirety by this cautionary statement. The forward-looking
statements made herein speak only as of the date of this press release
and the company undertakes no obligation to publicly update such
forward-looking statements to reflect subsequent events or circumstances.
lululemon athletica inc.
John Currie, 604-732-6124
Teklits/Jean Fontana, 203-682-8200
Source: lululemon athletica inc.
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