VANCOUVER, Canada--(BUSINESS WIRE)--
lululemon athletica inc. (NASDAQ: LULU; TSX: LLL) today announced
that Sheree Waterson has been appointed to its Senior Leadership Team
as Executive Vice President of General Merchandise Management and
Sourcing. In this role, Ms. Waterson will oversee lululemon's
Merchandise Management, Global Production, Community Legacies and
Visual Merchandising.
Ms. Waterson brings 25 years of consumer and retail industry
experience to lululemon. She most recently served as President of
Speedo, a Warnaco, Inc. brand. Prior to this she served as Vice
President of Merchandising, Women's, for Levi Strauss & Co., where she
spearheaded initial work on new women's speed-to-market and
profitability models and pioneered the "fit logic" initiative. At
Gymboree she served as Vice President of Merchandising and served as
CEO of Enfashion.com. Additional prior roles include senior level
positions with Contempo Casuals and Wet Seal. She graduated from the
University of California Berkley with a Bachelor of Arts in
Psychology.
"We are pleased to have found a merchandising veteran with a
strong history of accomplishments for this important role," said
Christine Day, President, Chief Operating Officer, and CEO designate
of lululemon athletica. "Sheree is an excellent cultural fit for
lululemon. This combined with her extensive industry knowledge and our
new merchandise technology systems will help form a robust
infrastructure to support our future growth plans."
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. Setting the bar in technical
fabrics and functional designs, lululemon works with yogis and
athletes in local communities for continuous research and product
feedback. Founded in Vancouver, British Columbia in 1998, lululemon
athletica is extending into new communities across North America and
throughout the world. For further information, please 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.