Stump to drive global brand awareness and quality of guest
experience
VANCOUVER, British Columbia--(BUSINESS WIRE)--
lululemon athletica inc. [NASDAQ:LULU] today announced that Duke Stump
has been appointed to its senior leadership team as Executive
Vice-President, Community and Brand effective December 1, 2014. Mr.
Stump will be responsible for continuing to build an authentic and
differentiated global Brand and Community experience, and amplifying
lululemon’s global impact. He will report to the Company’s Chief
Executive Officer, Laurent Potdevin.
“This is an exciting step in the evolution of the lululemon brand,” said
Potdevin, “and we have full confidence that Duke’s leadership will help
deepen our connection with our guests and our communities as we continue
on our path of global growth.”
Throughout his experience in the athletic retail industry, spanning 20
years of executive leadership at Nike and Easton Sports, Mr. Stump has
demonstrated how maximizing people’s potential and being honest with
guests can re-imagine a brand and build its community. Beyond being
known as an originator of top brands, Stump is also passionate about
cultivating cultures with mission and purpose. In 2006, Stump
transitioned to Seventh Generation as Chief Marketing Officer to expand
on his passion for shaping and defining corporate responsibility, paving
the way for a career determined to spread the notion that doing well and
doing the right thing are not mutually exclusive. In 2008, he moved into
the role of Principal and Chief Architect at The Northstar Manifesto, a
company committed to helping others become “bonfire” brands, emphasizing
the role that a business conscience can play in propelling brands
further on the road to growth and sustainability.
Mr. Stump and his family live on a farm in Ojai, California, and he
looks forward to relocating to Vancouver. He is an athlete, having
played pro hockey in Sweden. He loves running and cycling, has completed
an ironman triathlon, and enjoys a wide variety of outdoor activities.
He is passionate about bright minds and bright ideas, having co-founded
the DO
Lectures US, and actively serves on several boards, including the Biomimicry
Institute.
About lululemon athletica inc.
lululemon athletica (NASDAQ:LULU) is a yoga-inspired athletic apparel
company that creates components for people to live long, healthy and fun
lives. By producing products that help 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 and our prospects and strategies for
future growth. In many cases, you can identify forward-looking
statements by terms such as "may," "will," "should," "expects," "plans,"
"anticipates," "outlook," "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:
our ability to maintain the value and reputation of our brand, including
any negative publicity regarding our products or the production methods
of our suppliers or manufacturers; the acceptability of our products to
our guests, including receiving products that comply with our technical
specifications and quality standards; our reliance on and limited
control over third-party suppliers to provide fabrics for and to produce
our products; an economic downturn or economic uncertainty in our key
markets; our exposure to various types of litigation; increasing product
costs and decreasing selling prices; our ability to anticipate consumer
preferences and successfully develop and introduce new, innovative and
updated products; our ability to accurately forecast customer demand for
our products; any unforeseen disruption of our information systems; any
material disruption of our information systems; our ability to manage
our growth and the increased complexity of our business effectively; the
fluctuating costs of raw materials; our ability to expand
internationally in light of our limited operating experience and limited
brand recognition in new international markets; our highly competitive
market and increasing competition; our ability to deliver our products
to the market and to meet customer expectations if we have problems with
our distribution system; our ability to protect our intellectual
property rights; our ability to cancel store leases if an existing or
new store is not profitable; increasing labor costs and other factors
associated with the production of our products in China; our ability to
successfully open new store locations in a timely manner; our ability to
comply with trade and other regulations; the continued service of our
senior management; seasonality; fluctuations in foreign currency
exchange rates; the operations of many of our suppliers are subject to
international and other risks; our ability to source our merchandise
profitably or at all; and other risks and uncertainties set out in
filings made from time to time with the United States Securities and
Exchange Commission and available at www.sec.gov,
including, without limitation, our most recent reports on Form 10-K and
Form 10-Q. You are urged to consider these factors carefully in
evaluating the forward-looking statements contained herein and are
cautioned not to place undue reliance on such forward-looking
statements, which are qualified in their entirety by these cautionary
statements. The forward-looking statements made herein speak only as of
the date of this press release and we undertake no obligation to
publicly update such forward-looking statements to reflect subsequent
events or circumstances, except as may be required by law.
Investor:
ICR, Inc.
Joseph Teklits/Jean Fontana,
203-682-8200
or
Media:
ICR, Inc.
Alecia
Pulman, 203-682-8224
Source: lululemon athletica inc.