Lululemon to triple Chinese stores in five years
20/07/2022
The comments were made by the Canadian company’s chief executive, Calvin McDonald.
Mr McDonald also highlighted Lululemon’s positioning as being in line with the Chinese government’s 2019-2030 Healthy China initiative, which seeks to boost the health of the local population and, in turn, fuel more social and economic growth. “We are committed to supporting the well-being of people and communities through physical, mental and social dimensions, which is very much aligned with the Healthy China priorities,” he said.
The chief executive added that the brand’s Chinese customers typically skew younger than their North American counterparts and, generally, could be considered mid- to high-income individuals.
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