Lululemon Athletica Inc. revealed that it plans to open smaller, “local” stores amid results that disappointed Wall Street.
On the retailer’s quarterly conference call with analysts, CEO Laurent Potdevin revealed lululemon plans to open smaller, “local” stores, ranging from 1,000- to 2,000-sq.-ft., the Financial Post reported. The first such local store opened in Fort Collins, Col., on Aug. 20, and the response has been overwhelmingly positive, according to Potdevin.. . . more