VANCOUVER, British Columbia--(BUSINESS WIRE)--
lululemon athletica inc. (NASDAQ: LULU; TSX: LLL) today announced
that Christine Day has been appointed to its Senior Leadership Team as
Executive Vice President, Retail Operations. In this newly created
role, Ms. Day will oversee all of lululemon's retail operations in
North America and on an international basis, as well as the Company's
Community Relations, Real Estate Development, the Guest Education
Center and Wholesale businesses.
Ms. Day brings more than 20 years of consumer and retail industry
experience to lululemon from Starbucks, where she held several senior
management positions since joining the company in 1986. Ms. Day most
recently served as President of the Asia Pacific Group of Starbucks
Coffee International from July 2004 to February 2007. From July 2003
to October 2003, she served as Co-President for Starbucks Coffee
International. From 1987 to 2003, Ms. Day served in various capacities
for Starbucks Coffee Company, including Senior Vice President, North
American Finance and Administration; and Vice President of Sales and
Operations for Business Alliances.
Ms. Day has a BA from Central Washington University and is a
graduate of Harvard Business School's Advanced Management Program.
Christine is currently a director of Select Comfort Corporation, a
provider of adjustable-firmness beds and other sleep-related accessory
products and Nu Skin Enterprises, Inc. a direct seller of personal
skin care and nutritional products.
"We continue to develop lululemon's Senior Leadership Team," said
Robert Meers, CEO of lululemon athletica, "Christine's extensive
experience overseeing the retail operations of a rapidly expanding and
international company like Starbucks will be a tremendous asset to us
as lululemon grows."
To support the continued growth of the Company and in connection
with the hiring of Ms. Day, lululemon Chief Operating Officer, Mike
Tattersfield, has been named Executive Vice President, Retail
Logistics and Sourcing.
Mr. Meers continued, "Mike Tattersfield has been instrumental in
leading our growth through fiscal year 2007, with lululemon
successfully opening 27 new stores throughout North America, sourcing
and hiring many of our senior management team, and formalizing the
'lululemon experience'. This new role will permit Mike to focus on the
critical areas of supply chain and production as the Company expands,
overseeing the Production, Merchandise Management, Planning &
Allocation, Logistics, and Factory Compliance and Social
Responsibility teams."
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,
visit www.lululemon.com.
Forward-Looking Statements:
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.
Source: lululemon athletica inc.