Does Lululemon provide franchise opportunities? How much does it cost to open one franchise unit of Lululemon Athletica? Read on to explore most accurate information:
Lululemon Athletica is a Canadian based company which is involved in the tailoring of athletic clothes for yoga, running, workouts and other sweaty pursuits.
It manufactures and markets a wide collection of athletic wear such as performance shirts, shorts, and pants, lifestyle apparel and yoga accessories for women, men, and young girls.
Though Lululemon is much popular for being high quality and stylish centric company, however, it often faces criticism for its overpricing policy.
Let’s read further to know about Lululemon’s background and especially about its franchise opportunity.
1. Lululemon’s history
Back in 1998, Chip Wilson laid down the foundation of Lululemon Athletica at Vancouver, Canada. While the company initially began as a design studio during the day and a yoga studio during the night, it eventually ended up as standalone store and in 2001, Lululemon started selling yoga wear.
Lululemon at present owns more than 90 stores, out of which 40 stores operate in Canada, 38 stores in the United States and near around 8 stores in Australia.
2. Franchise information
There are actually no franchising opportunities made available by Lululemon at the present moment as it doesn’t want to go beyond corporate stores strategy to expand its business.
The company even has its own official website lululemon.com where you on your own can verify whether Lululemon offers franchise opportunities or not. Thank you for reading this article.
3. Franchise costs and fees
Total initial franchise startup costs and fees one who would want to buy a Lululemon franchise needs to have = NA