It’s been a good 2021 for Lululemon and the retailer expects the momentum to continue in the coming years as well.
After surpassing US $ 6 billion in sales for the first time ever in 2021, the Canadian-American sportswear retailer has now announced that it aims to double revenue to US $ 12.5 billion by 2026.
Also Read: Lululemon surpasses US $ 6 billion in revenue for the first time
To make it happen, Lululemon is essentially repeating its Power of Three strategy, with a distinct focus on doubling its digital revenue and quadrupling its international revenue by 2026 – in addition to also doubling menswear business.
Meanwhile, the retailer has also said that it expects womenswear business, stores as well as North America operations to also grow in double digits.
In 2018, Lululemon made US $ 3.3 billion, which doubled to US $ 6 billion in 2021 and now, it plans to further double the numbers in next 4 years.
The retailer has also said that its product growth is underway and it is expecting to grow its core categories like run, train and yoga.
Lululemon was founded in 1998 as a retailer of yoga pants and other yoga wear, and it soon expanded to also sell athleticwear, lifestyle apparel and fashion accessories.
Bharat Tex Special Report 2026 
