35 Burst results for "Lululemon"
"lululemon" Discussed on MarketFoolery
"It's thursday september ninth. welcome to market fully. I'm chris with me today. The one and only bill man good to see you. Thanks for having me on chris. Nice to see you buddy as well my friend. We've got beer. We've got games. I mean not really not really. We're gonna talk about here in games. That'd be bad this this. This show is going to be awesome. We're going to start with the stock of the day. Shares of lululemon athletic up thirteen percent this morning hitting an all time high after a monster. Second quarter report. And i i know the default thinking for a lot of people myself included when they hear lululemon they think. Well this is women's apparel this is a women's brand but a big part of the story today and really over. The last couple of years has been the way lululemon has grown their men's business yes and by the way lululemon for manned is fantastic. It's absolutely fantastic stuff. Yeah and they came out and they said sales were up strongly in the women's and men's categories which make you wonder what other categories they have. I don't i don't recall there being lululemon for pets. But just you that's right. It's pretty much the categories. They did great up sixty one percent and this is even so about a third of lulu lebanon's supply. Chain manufacturing is in vietnam which is suffered all sorts of shutdowns due to kovic so they have had supply chain issues and yet they have still absolutely crushed it and they don't see this as being a covert phenomenon. I mean. obviously who amongst us isn't sitting around in more comfortable closed than usual but they see this as being a long live trend because their guidance was very very strong and part of that guns was hinting at updating guidance that they gave in two thousand nineteen around the men's line. Which was we're going to double our men's line by twenty twenty three and the language we got today was it it. It's almost certainly going to be sooner than that. And it could be as early as you know. Basically they said check back with us after the holidays. We'll update you then. But all signs point to them being early on doubling their men's bits and again this is not a segment that's like. Hey it's now a couple of guys and you know twenty twenty three. It's going to be a couple more guys. These are meaningful amounts of revenues for for lululemon. The other thing so it's really interesting to me. Lululemon has been one of the really the select few apparel retailers. that's absolutely thrived during the pandemic so much so that they made that transaction of you know they bought mirror and they're also now talking about how they're going to integrate that into into more of the lifestyle part of what of what of what lululemon is..
Why good ideas get trapped in the valley of death -- and how to rescue them | TED-Ed - TEST
"It's ted talks daily. I'm elise hugh. Birthday is thursday april twenty seconds so we thought it would be a great time to share another lesson from our friends at ted. Ed this is part of a video series designed to cut through the complexity around climate change and explain the science in a clear way. It's all inspired by bill. Gates's new book how to avoid a climate disaster. This lesson is about how a lot of the smartest solutions to reduce. Carbon pollution actually already exist and how they're getting stuck in the valley death. How can we get them out of this trap. You can watch all seven lessons for free at ed dot ted dot com slash plan for zero. That's plan f. o. R. zero wants a gourd. Ted talks daily is brought to you by lulu lemon. I am a longtime runner and my attitude about workout clothing is i don't want to have to think about it at all. And that's why. I run in lululemon these days. I work out a lot alone. But i prefer doing it with friends. I have such great memories of really bonding with whoever. I'm running with my friends. They trust lululemon to my running buddy rob whereas the men's lululemon running shirt that comes in short sleeve or long and he says it's so light so dry so breathable. You'll never run in another shirt again. You can get your own shop. The fast and free shirt at lululemon dot com support for ted talks daily comes from odu odors suite of business. Apps has everything you need to run a company. Think of your smartphone with all your apps right at your fingertips odu is just like that for business but instead of an app to order takeout or tell you the weather you have sales inventory accounting and more union the department we've got it covered and they're all connected joined the six million users who stopped wasting time and started getting stuff done go to odu dot com slash ted to start a free trial that's od odio dot com slash ted. They've passed every test cleared every huddled jumped through every hoop now. All that remains is to unleash them on the wait. What's yes there's one more challenge. They must now cross the valley of death. All new products must pass through here before they reach the market. Many never make it out and sometimes that's okay if they don't work don't feel a need all for any number of other reasons but inventions. That could help address massive global issues. Also face this risk that's because technology's potential isn't the only factor that determines whether it will succeed. The valley of death is especially risky for innovations involving complex physical objects as opposed to software and for those in highly regulated industries like medicine building materials and transportation regulations and other obstacles aren't inherently bad. They're often designed to keep people safe but they do tend to scare off investors and that's what traps good ideas in the valley of gaffe that funding dries up before they can become profitable one of the fields where this problem is most pressing. Today is zero carbon technologies that is central to our future because they will help us eliminate greenhouse gas emissions and stabilize our climate but they also have features that make them particularly vulnerable in the valley of death. Let's look why that is and how we can change it. All new technologies must go through a development fans before they can become profitable for zero carbon technologies. The costs of this phase are high. The time lines are long and in spite of the good they can do. Demand is often low because they can require big changes in both infrastructure and consumer behavior for example electric heat pumps don't burn fossil fuels and when you factor in savings on energy use off cost competitive with gas furnaces but only change that heating and cooling systems every few decades direct air capture technologies meanwhile remove co two directly from the atmosphere. We need these technologies to reach our emission goals and several of them have already been proven to work but they're at risk of getting trapped in the valley of death because they're expensive. This creates a vicious cycle because the best way to know a costs is by well practicing making more of a product and refining it but high initial costs scare off investors and without their money companies can't continue to develop that technologies and can't ultimately decrease cost. Fortunately there's a way to break this cycle. Governments can help the gap when private investors won't fund technologies with such a high potential for social benefit. This isn't just theoretical. In the one thousand nine hundred ninety s functioning solar panels existed but one widely adopted because of that cost to change this. Germany offered government loans to companies creating soda piles and legally obligated utility companies to buy electricity produced using renewable energy the us and china followed suit by financing major solar panel projects. The cost of solar has dropped almost ninety percent since two thousand nine making it much easier to adopt a similar thing happened for wind energy. During the oil crisis of the nineteen seventies denmark invested in wind power and started taxing winds fossil fuel based competitors other countries took similar steps and as more wind power was generated worldwide. The costs of this technology dropped dramatically. These success stories tell us that government initiatives walk initiatives like boosting spending on research and development offering tax and loan incentives to stops that want to develop zero carbon technologies and consumers who want to buy them and putting a price on carbon emissions. We need governments to do what they did. For solar and wind for many more innovations at the end of the day ideas and inventions alone can't solve our most daunting problems. Policies and markets have to be shaped so the most promising
Dick's Sporting Goods launches its own men's athleisure line, rivaling Lululemon
"Dick's. Sporting goods is launching. Its own line of men's athletic apparel and are aimed at competing with lululemon. This is available online starting today and they're starting at four hundred locations at dick's sporting goods across the country so by seller hold their new line of athletic apparel for men. I'm going to hold because there's there's a mix of positives and negatives that i see here first of all you didn't you didn't announce the name of the brand vs tr is that close. I it's v r. s. t. I had the letters all caps so go ahead and pronounce that the way that we'll be pronouncing that when it's a truly monumental thing they have paid people to brand this this. This wasn't arrived at with seconds however not versed okay. You're the expert. Sure why not are you saying that. In all caps by the way because it's a little different than if it were all lower case i don't i don't wanna yell i this is. This is a thing that looked. Dick's probably would prefer in in the world of branding To to not have its own name at times And to have some other name. But i can see wanting to brand away from the you know the the parent company name. They've got other brands Calia i think is the women's at leisure brand which is Done with carrie underwood and has been very successful. And i've been in Dick sporting goods and seen it and didn't realize it was an house thing So i i think that Given the success that they've had under current management. I'm a fan of what they're trying But i don't think that know. The men's division is going to be probably as successful in the athletes. Your world for them as as the women seems to have been But
Every Product Should Have Hidden Messages For The Fans
"Okay so look got a confession to make. I have become a looming guy. Ever since i started all this walking in the park a few months back. I reached out my might brian for some tips on the right gear. Because i was having a horrible time with these cotton shirts and everything else that i was wearing. And he put me onto lululemon. Now it's expensive gear. But i've got to tell you after what four or five months or so. Now i guess i am a fan of one particular thing that i've noticed that i really like about what they do. As part of their branding is they have these little hidden messages in the gear on the garments. Like this one here better. What does it better every day on the inside on the bottom inside of the shirt and some of them have got on the sleeve of the shirt. The point is that they're all on the inside. It's not this overt. Branding that say nike or added as might have it's quite subtle and it's on the inside so the only person that's ever gonna see that. Is you the person wearing it. And it's not even set up so that it's they way you read it every time you put it on but once you notice it you know it's they and so it's effectively doing the part of letting you know that there's a bit of a motivational message there but it also let you know that your in on the secret. There's an inside secret just for fans just for love is just for people who own the brand. They get to know the message. Those on the outside. You're not a part of the club. And what i think is great about that. Is that this probably not a product around the couldn't implement a similar kind of strategy doesn't a what your product is. You could have a hidden message somewhere. Might be on the underneath of the product that might be on the inside of the packaging. It could be anywhere on the product which is not overtly noticeable to just passing. It will just the positive consumer but if you regularly use the brand like skin. Skincare brand on the inside of the the top of your skin care. You could have that. He'd message so no one's going to see it and they bought the brand and become a fan so aric and that is a fantastic strategy to implement think about what products you could take and put a hidden message inside just for the fans
Sweats Are Beating the Pants Off Office Wear
"More than six months ago producer. Gwen moran wrote this story about the new fashioned way that swept the country early in the pandemic admit it you succumbed as well to the sweatpants craze what we didn't know back in may's how long lasting that trend would be although as you'll hear some sartorial pundits predicted. Then that sweats were here to stay now. Whether that's a good or bad thing we'll leave that up to you. Take a listen back to this story about the rivalry between champion and lululemon. The late great fashion designer. Karl lagerfeld once sneered sweatpants. Or a sign of defeat with apologies to mr lagerfeld. He never had to do as seven. Am zoom meeting as stay at home. Orders have stretched well beyond their original end dates. Our work lives are increasingly blending with her home lives nowhere. Is that shift. More apparent than in our pero dressing down has become the norm as a result sales of apparel and accessories dropped nearly eighty percent between march and april but there is one bright spot on the otherwise dismal retail horizon. Sales of active wear or at leisure are soaring in particular sweat pants or having a moment in april g kua. We are living in the age of sweat pants and never going back. Even the devil is traded product. For more downscale duds folks editor-in-chief in style icon. Anna wintour posted an instagram shot of herself working at home in tracksuit bottoms this despite once swearing she would never wear them. Just how much growth are we talking about well. Data from tracking firm edited found that sales of sweat pants are up a whopping thirty six percent over the same period. Last year it makes sense. A recent harris poll found that more than half of employed. Americans are working from home. At the same time videoconferencing has skyrocketed as meetings and interviews have gone remote. You may need to be picture. Perfect from the shoulders up but down below. All bets are off sweats. Yoga pants were tracked bottoms. Call them what you will. They're stretchy comfortable and exceedingly forgiving of those late night. Pandemic sour dough bread and butter benches wall street is betting on the trend at least for now analysts susan anderson from be riley. Fdr told fortune that what selling is casual active in lounge wear last week. Shares of lululemon athletic inc rose more than ninety percent hitting a record high. The brand is credited with kicking off the athol leisure segment and simeon seal from b. m. o. capital markets call lululemon an at home kobe winner while the luxury leading may be the it brand of the moment. Lou may have some competition from classic competitor. Hanes brands champion during a call with analysts early. May hanes brand. Ceo gerald evans said the champion dot com sales had tripled. He said volumes. Were at black friday or cyber monday levels. Champion success lies. In the brand's cool factor. Being on the upswing recently and company has been smart about partnerships to in march hanes. Brands unveiled an exclusive multi year agreement with amazon to carry its popular c nine champion line which had previously been sold at target in april. The company announced a new partnership with sesame street for the un's but for those who don't care about cool or if you stop carrying when you stopped going outside champion has a significant leg up in another arena and that's price while some lululemon bottoms will set you back more than one hundred. Twenty five bucks. You can score a pair of champions for less than a third of that price. If sweatpants newfound social status is making you think about tossing all your old suits and ties. You might just want to wait a bit. It seems a backlash has already begun the los angeles times. Deputy fashion editor admonished readers. Dress like the adults are getting paid to be and recent articles like thirteen stylish ways to dress up sweat pants on business insider indicate that even the work from home crowd may wanna feel a bit more put together as leisure brands battle to get people in their pants. Some questions remain record. High unemployment will continue to affect consumer spending and more companies announced. That remote work is here to stay casual everyday. May also be here to stay with no nosy co workers around judge fashion choices workers to fault more minimalist wardrobes after all as long as they pass the sniff test how many pairs of stretchy pants does anyone really need. The answers will come as more businesses open and people go back to work. We'll traditional dress code stand or will homebody style find its way into the office while athletes. Your manufacturers are pulling up. They're not so big kid pants and making the most of the moment. Employees may be hedging their bets over memorial day weekend data from edited showed shape wear one of the top five apparel categories. Selling out so maybe all that sour dough bread can't be ignored after all
Political Ad Campaign from The Gap Strikes Sour Note with Twitter Users
"These days. It's become almost mandatory to declare your company a purpose driven brand but owen said it would be easy. Take the gap for example last wednesday the day after election day. Remember that oh what feels like about a year ago. The gap came forward with a message of unity to this divided. Country on social media posted an image of its classic hoodie. But this one was navy on one side. Red on the other click. The image in zipper brought the two sides together. The accompanying message. The one thing we know is that together. We can move forward sitting berkeley alongside the text. We're two hearts one red one blue this while the united state of anxiety was just beginning to hold its breath waiting for ballot counts in court battles. The gaps message felt so flat that you might say no one voted for it. With the exception of a hapless brand manager who suggested it and the yes people in the boardroom who had thought it was a good idea as add weeks. catherine lunchroom wrote the hoodie. Mashup was greeted with almost exclusive derision. Many on social media criticized the gap for being tone death at such a tense moment. Lindstrom noted the common sentiment across to the new york times. The gap utterly failed to read the room within an hour. The gap deleted. It's post a brand representative assured the new york times that the sweatshirt existed as an image only they had no intention of selling it in a statement sent to several publications. The gap said their intention was to show the power of unity. They admitted their timing was too early but said they had faith the country would in fact come together in the future but just in case you think gap is alone in making this sort of fashion. Faux pas consider rival lululemon the luxury ath- leisurewear company is known for the one hundred dollar plus prices of its leggings with more and more professionals working from home and scarfing up comfortable fashion. Lululemon sales have soared but so to have consumers calls for brands to stand for something and lululemon tried in september. The brand went viral worldwide. For its case. Study of hypocrisy and marketing. The company highlighted the instagram accounts of five of its brand ambassadors one charlotte north carolina. Yoga teacher ready. Kern was promoting a workshop calling on people to resist capitalism the ouch factor of a multibillion dollar luxury brand telling consumers to resist capitalism. Well it drew attention from press all over the globe from the bbc. The new york post ultimately lululemon deleted that post it also distance itself from its own brand ambassador drawing criticism from kerns followers according to the charlotte observer in october struggling gap revealed that its latest strategy is to pump its own small but successful athletes. Your brand athletic taking direct aim at rival lululemon. At least they'll be evenly matched when it comes to brand messaging but the lesson from both companies missteps is for marketers everywhere. Those who choose to publicly support mission must be authentic about it and support it through and through a million ways to get mission driven marketing wrong and only Narrow pats to do right
Ty Manegold from ROAM Fitness: A New Airport Offering
"Brought you on the show because we're really interested in what you're doing with Rome Fitness and just hoping you tell us a little bit about what what your vision is there and and what you guys are building and how how often came to be absolutely. So the company that I co-founded is is Rome and our goal of it was to create a home. The outlet in the airport, you know Briefly summarize. Rome is a brand of post security airport gyms and health clubs and that's odd is an all-inclusive all Incorporated service facility. So you show up our gyms are a thousand square feet 1500 square feet. We have a clothing rental program set up through Lululemon. So you come on up and four twenty-five bucks, you can get in through the day pass and that includes your clothing rental. We have a whole line-up of technogym audio equipment strength training. There's a yoga section to it and then private bathroom showers to get refreshed and then on top of that we have some other healthy food and beverage stuff that we we provide but the main goal of it was to provide a change to the status quo of deep fried food and overpriced alcohol, you know, there's certainly the dog Time and place for that and I've been there as well, you know, but when you're you're traveling, you know two or three days a week that gets old really fast and and are healthy lifestyle that most of us are trying to maintain is the first thing to get cut when when X crunched and the airport just seemed like it perfect environment for it. So we've got one location in Baltimore airport right now a second one coming to SFO once covid-19 Dove settles down a little bit and and there's a path going forward. But our goal is to create a whole network of these facilities where your membership or your day passes work at all of them and then it's tied into your you know, your health insurance plan or your company provides this for you or it's part of your loyalty plan and we're catering not just the passengers but also airport employees and and certainly flight Crews. Yeah that was going to be my first question is what what kind of customers wage Have you seen so far at the Baltimore location primarily? Are you seeing mostly business Travelers or are you seeing a mixture of air crew also that are passing through the airport maybe showing up on Airport stand by birth or something to that effect the whole gamut I would from a unique user perspective about 90% of our members and we call anyone who has a day pass a phone number our passengers the other ten to fifteen percent are both airport employees other concessionaires, but mainly flight Crews both both flight attendants and Pilots are coming on in and using it from a visit perspective. I would say it's fifty percent or so forty-five 50% of our business are actually employees so it if I'm correct in when I heard you before so you have clothing and shoe rentals as part of your day passed. So technically you just show up wearing whatever birth You've got with you, you know, if your air crew and you're in uniform you have everything they need socks shoes the whole the whole thing, right? Yep. Absolutely show up in your your uniform with your flight bags. We've got Walker's Forum. They're all powered enabled so you can charge all your devices while you work out and in about two minutes from checking in you can be you know, on a treadmill and and all of our gear or stretched out or just showering however, you want to use it. Yeah. So that's something that you don't really at least I've been in a lot of airports over the last couple of years and and it's definitely something that I haven't seen before. I mean you start to see the massage chairs and all those sorts of services pop up and obviously shoeshine, but this is something that it seems like if you have a couple of hours on a layover or you're showing up or commuting to work or something like that. It could be very valuable. I know some of the hotels are doing the thing where they you can rent shoes and and that sort of thing, but I haven't seen it to where you can you can rent the whole month. Yards, you know everything you would need to get on the treadmill and get a workout. And
Lululemon to buy in-home fitness company Mirror for $500 million
"Yahoo Notes. The chairs of Lululemon rose in early trading after announcing it would acquire home fitness startup Mirror for 500 million, putting it in competition with indoor cycling company Alison
"lululemon" Discussed on Snacks Daily
"This is nick this Jack and this is snacks daily end of the week. It is. Friday may fifteenth smackers. Raise your hand if you really need a haircut right now if it had on my head anymore. I'm using a pillow case. That's a really big thing. You got a perfect timing because this is T. B. Y. The best one yet. Our First Story Steph jumper float to the top of the map because we got data on Lululemon sales during Cova nineteenth snacker thriving right now for more reasons than even realize just Astra Chaka Lululemon. Unique style of at leisurewear. That's nice enough for work is winning right. Now get this. We're calling it work leisurewear for our second story at home. Contactless Mail in braces. Or you can straighten Your Jack. Hold my molars. Where do I sign up? Sounds like the perfect time for smile. Direct club except it's not as stock fell seven percent yesterday and has never been lower after its latest earnings. Reports should be the Peleton of oral care right now. It looks more like the fly wheel. Don't WanNa be the flywheel of go cycling by cycles. Like what are you guys have a dog in about four third and final story guess? What percentage of fantasy sports players are dude space on living with our former roommate? Timmy Jack I'M GONNA go with one hundred and forty three percent or buddy timmy's in like nine leagues. Because he thinks that diversifying is he has an old league just for himself. Eighty one percent of fantasy football players. Dude but sleeper thinks. That's because the fantasy apps you're using stink cough cough sports cough cough so it just got twenty million dollars from top venture capitalists to be. Espn to beat Yahoo into beat CBS. Fantasy bond. We know you're a snack or know you're listening you know we're talking about best team name. Teenage mutant Ninja Bortles. Now snacker before we jump into all that we know there are some not good news yesterday. Three million people signed up for unemployment last week bringing the eight week. Total of people who've been laid off to thirty six million. Now that's nationwide but Jack. I'm not that in the bay area. Silicon Valley hasn't been immune to job. Hits either Uber. Recently laid off thirty five hundred lift laid off. A thousand lime has thirteen percent of its workforce cut then Airbnb laid off one quarter of its workforce but made the most impressive move. We have seen in the chronic. It's called the talent directory at airbnb. They gotta come up with a better name because this thing is way. More powerful magical. It's a public facing website for the one thousand nine hundred x Airbnb who just got laid off to find a new job as quickly as possible but incredibly cleverly over at Airbnb they frame this more like an alumni network not a layoff. You should check this out it's AIRBNB DOT com slash talent and it's one thousand nine hundred people who have great fantastic resumes. It's a lot like Lincoln. It's easy to use it. Feels like you're scrolling looking for a three bedroom lake tahoe home instead. It's a bunch of really skilled people who used to be working at AIRBNB. Jack and I are super impressed. We're going to tweet it out from Teaboy Jack. Agnew of New York classy move airbnb but wait. There's more yeah get this knacker's because the new better version of Lincoln wasn't enough. There are thrown in like this extra layoff etiquette. Everybody who got laid off gets to keep their work apple MAC book. It's like a reverse oprah you get you get a Mac Book and You keep your macbook. Everyone keeps the puck. We hope this becomes new layoff etiquette. Let them keep their book. Let's hit our three stores. Daily Food is candy. They don't reflect the views of family informational just recommending any security snow. It's not a research report or investment advice offer or sale of security digestible. Business News financial. Llc member Pc for our first story. This guy knows you're trying to do their. I'm doing the Jive Jack. On for our first are we got lululemon which just found Nirvana in the work from home era and we have to announce the rise of work leisurewear snacker. We're not going to announce this without a big sendoff party so to give you some context for sprinkle a little stock Info on you Jack under armor stock since the start of this year. It's down sixty five percent Jack Adidas stock since the start of dossier. This German company has planted thirty five percent since the peak and Jack Nike Stock Performance. So far this year slipped and fell by sixteen percent down sixteen percent and Jack. How is Lululemon stock? It's flack which is actually really good compared to its competitors ended not being first knackers. It's about being ahead of everyone else. You're running against a wild story at Lululemon. We picked up this week. April sales online for Lululemon DOT COM surged by over fifty percent. From what was selling in January. That's according to one company the New York Times reporting sales have tripled online for Lulu As we enter may sales are jumping higher and higher for Lululemon but think about like high end fashion companies trying to sell online thinking about it right now Jack. You're kind of in a recession during covert nineteen because people don't care what they're wearing as much because they're not going outside snag no he. Does we on the PODCAST? And I gotTa Tell Jack Dude. Put the product back in the closet. Another drop in three hundred dollars for pants. Nobody can see except my wife and poppy. It's a podcast. We don't have to see the Gucci Belt so nobody's buying Gucci Belts during Covert Nineteen. But everyone realized in March after being home for two weeks they needed more leggings. More sweatpants and a comfy sweatshirt that sharp enough for zoom. So here's what fascinated US knackers. There are other very specific elements of lululemon fundamental business model that fit like a glove with the Korean economy. Okay first of all it has four hundred physical stores most of which are closed. That's bad but they're using those doors for distribution and shipping for online sales and get this thirty three percent of Lululemon sales or already being done online before Kobe. One thousand nine was even a thing so it knows what it's doing. When it comes to ECOMMERCE it's been honing this practice. Practice for years breath in for ten seconds. Hold for ten seconds breath out for tencent. Finally if you've ever been in a Lululemon you know that it's inventory isn't seasonal no. It's not this spring high-rise twenty three inch crop leggings. Know them well. They're the same as the winter. High Rise Twenty three inch crap leggings six most now. You're going to see the same crop the same twenty three inches and the same high rise on the waste. So the clothing. That Lululemon isn't selling in stores right. Now it's fine. They can sell later unlike the spring line at the gap which is pretty much spoiling. Because is pretty much over. It's like the twelve pounds of Ragu saucy got stuck up in your pantry right now. So Jack what's the takeaway for our buddies over Lula? Lulu made a bold better at leisurewear would become the new work. Where and it was rights knackers Adidas Bet on style Nike Bet on performance and under armour bed on bolting performance protectors. Because there's someone at your door over there I will take them down house protect. Your Lululemon took a risk. They turned their brand into a hybrid of athletics. Leisure Nice and Professional. Just go on their website right now. Snappers the men section. You're going to see corporate ready but in downs I only four corporate ready buddy down at Lululemon. They're stretchy their sharp. Meanwhile gas what's getting designated like a must have insane sage color. Tell me tell me more. We're talking about the wanderer pant which is basically glorified pajamas. According to the editors over life style Yahoo Canada it's practice is Straw fashion east north of the border investors. Thank you won't work leisure clothing right now when you're working on from your couch and in the future when you're working at work again. They concerned for Lululemon. Were Kinda entering an unprecedented recession? Twenty eight dollar. Men's pants not exactly recession. Special snacker complaints. That are halfway turnaround time for this. Next challenge is a little. We rather not the two thirds. So we're almost halfway through. You should turn around in about a minute for our second story. Smile direct club should be like the Peleton of oral hygiene right now but she actually down sixty two percent from the IPO for smaller. I club in September. Yeah fell seven percent yesterday. Which is why we jumped in. Snacked out noticed page. Three of their earnings report is amazing. If you think your teeth could be better your goals should be to get in. The earnings report first milder at club whole bunch of before and after photos third pages just.
Lululemon apologizes, fires art director for 'Bat Fried Rice' shirt
"Issued an apology Tuesday instead of fired an executive who recently took to Instagram to promote a bat fried rice T. shirt design during the corona virus outbreak according to the New York Post and overflowing the fitness apparel company senior global art director reportedly shared a design that showed a white shirt with a drawing in red ink and a Chinese take out box a pair of bat wings and chopsticks the words no thank you was right on the box and down the sleeves of the shirt was being sold by California artist just looter under the title bout fried rice for sixty dollars that's according to the New York Post as looters since deleted poster showed off the tee under the heading Korean tea and read it where did cook a nineteen come from nothing is certain but we know a bat was involved next personally the pandemic originated from wet markets where the selling of wild exotic animals like about skiing ruse and reptiles takes place the post immediately drew accusations of anti Asian sentiment little women was quick to respond to an Instagram comments that it acted immediately and a person involved is no longer an
"lululemon" Discussed on Snacks Daily
"Don't have to worry about it. Going bankrupt it's dealing with its landlords dissolve. It stores closed down centrally. He's trying to get its rent excused. Yada Yada Yada that was was not the highlight that Jack and I found fascinating. These star of the earnings report was the power of three staffers. One year ago. Lululemon head a mindful moment I it adopted its Social Media Hashtag become its corporate vision that Hashtag sweat life. It means an active lifestyle. If you're sweating you can still go out and see Putin no joke that is actually in its earnings and stuff but then Calvin McDonald. The CEO turned on some instrumental. Playlists lit up a candle and then set an intention for the company. Got Every single lululemon employee in a Yoga Studio announced a five year plan called the power of three. He did that in April last year. Now this is a real thing. This is an actual corporate thing. It is not a self help book. The power of three is Lula. The top line goal is to drive revenue growth at Lululemon for five years in three distinct ways. Okay so snacker Jack and I jumped in snacks out. We check this out with got three ways. The first way Lululemon wants to drive revenue growth for five years is product innovation basically double sales to men and increased self care products like Shampoo Indiana. Basically Lulu dudes walking around at work in Khaki so you can be doing bur peas after the meeting. I'm wearing blue jeans right now. That's a disclosure as where your story Jack now wearing a shirt but he is wearing. We are working from home also true story for the second part of the power. Three Lululemon decided to focus on a little bit of jargon here called the Omni Channel Experience Omni Channel Means Online and offline merging them together with the ultimate goal to Double Digital Sales Aka ECOMMERCE for Lula. This is exactly why Lululemon opened up a twenty thousand square foot Chicago store. That basically is like a yoga spot. It's got as many yoga studios in this store. Suv cupholder and the third and final element of Lululemon power. Three is international expansion. This one simple quadruple international sales. This is straight up at JFK. Playbook get one man on the Moon Cadre Rupel international sales. So Jack. What's the takeaway for our buddies over at Lululemon Lululemon? Mantra strategy is pure toned healthy well aligned. Corporate leader smackers in the face of the corona virus. Lulu isn't shifted priorities. It's not changing direction. It's not calling. It's parents not distracted. It's not freaking out is singularly and devotedly focused on the power of three. Despite all the north hasten point all the investors analysts the other day they were looking at Lulus earnings but they may not have noticed that Lulu also released a one page sharp look and memo on its power of three results number one. Men's revenue increased thirty two percent last quarter compared to just seventeen percent growth. In Women's she achieved that checks off the first part of the power three how about digital sales jumped forty one percent last quarter compared to just nine percent growth in stores and Jack were the third and final leg of the three power of three stool. What was the international results? International sales jumped twenty five percent compared to just nineteen percent in its home market of North America. Fun Fact. Yahoo Lemon is based in Vancouver. Also fun fact. If you set an intention keep it you may get. Lululemon style results even through a global pandemic four. Our second story fast real name is start trying to do what pay Pal Apple Pay Amazon. Never have one payment to rule them all if you go to page forty three in their pitch deck. We're a platform agnostic log in and check out services service like our description a little bit. It's much better than that. What's our translation on this one Jack? This company trying to kill shopping cart anxiety. Everyone's feeling shopping karting Zadie. I got a pair of boxers in J. crew shop and car right now. I can't pull the trigger on air sweating in bed and you can't sleep because you're beds too hot. You open up your phone. You're about to buy some eucalyptus sheets. But then you type in like Gillian. Snags I WANNA point out here that I was thinking you would go with extra light. Cotton sheets on this. Jack made clear. I was definitely missing out on Eucalyptus. You got your shopping cart ready and then you've got to put in your user name. Your Password your shipping address your billing address your CC number await the shipping and billing or different than the expiration date zip code and then the CVC what you thought you remembered but no one remembers the by the way. Are you a robot they make you press the button you gotTa do the recapture? Then you gotta thing like how many signs are there. How many of these nine images have a fire hydrant? You'll extra insulting because a robot is asking you. If you're a robust akers people bail on online purchases at the last second win their one. Step Away Because of laziness shopping from a couch is not convenient. And now you want one. Click shopping now. Amazon has come closest to achieving the one. So clothes shopping. But that only works when you're buying things on Amazon Dot Com right which is why fast once every online shopping cart to be using fat. You just enter your fast username and password. Boom everything's there. You're ready to make the purchase. So Jack Can. I noticed this company because they just raised a twenty million dollar series A. And they're still in the early phases of a startup life into startups born. It starts with friends and family chipping in money to start the business. Then you get an angel. Investment than a seed investment now series. A for fast either way airbnb oldest startup in the US. Right now basically. They're on like their series but this is also just a log in and check out service. That's pretty much the whole company. We're looking at that jack-knifed start wondering feels more like just a feature and not an entire company. That's why we think this is an obvious. Acquisition target for Niche e commerce payment companies like shop a FI stripe square or pay pal or giant tech companies that are curious about expanding their domination to payments like Google Apple and facebook. They acquired too. So Jack what's the takeaway for our buddies moving quickly over at fast? Only a tech can rule online payments. Knackers you've heard this before. I'm a proud outsider. Not One of those career politicians. I haven't been living in Washington. Dc my whole life. I understand what real Americans live. You may have noticed that outsider status has had appeal in politics and it could be gaining appeal INTECH to hey pal. Google Amazon and Apple. They have all tried to do. Exactly what fast is trying to very simple one feature easy check out with paypal or one? Click checkout with Apple. Pay Right. We've seen these before. That is just what fast is trying to do what we're living in a moment where privacy concerns in fear of too much. Power are preventing widespread adoption of big TEX new features. Like Google and Apple. Already know everything about me. I don't need them to control my payments as well so in order to scale and grow the fastest maybe fast shouldn't sell itself too big to. Maybe you can only win the trust of online shopping American regulators if you stay independent for our third and final story. Nike's earnings reveal class sick Wall Street practice where we got earnings report. Close reading we're talking. You know close talkers. They're up there. They're right up there. They're like right up on the MIC like this. You're basically tip to tip with his guy you can smell. Would he just add for dinner? Nike meanwhile has a very interesting earnings report. Because it's one of these like off peak season earnings reports. It's like trying to book an Airbnb from Tuesday to Wednesday. It's probably available because everyone else is on the weekends. No one else is paying attention during that time now. Most companies report their first quarter which is January through March three months the first quarter of the year. Yeah you know like the actual definition of a first quarter. Nike's first quarter is from December to February so the last month of last year and the first two months of this year. Talk as you know snappers from Your Toilet. Paper acquisition moves. Things can change really quickly because February. Twenty-ninth ninth you had t p today. You're like fighting over Kleenex. So Nike's earnings report shows as just the pre corona virus plenty of toilet paper era of American business and it turns out digital sales surged. Thirty six percent during that period from last year and revenues. Were up five percent honestly though investors. Don't really care about how. Nike's businessman before the Corona virus impacted every Nike. What have you done for US lately? How will you perform global supply chains get frozen stores closed and people start playing.
"lululemon" Discussed on Today in True Crime
"Back in the LULULEMON. Britney's continued assault of JANA reached. A bloody crescendo. She cycled through the various murder weapons. None of them apparently doing enough to finish the job but finally a blow to the back of Janus head reached her brain and ended her life from here. Brittany went about covering up her crime though. It's unclear exactly when she did what we know for certain that at some point she moved. Janus car down the block. This would prove to be her undoing as she left traces of both her own and Janus blood in the vehicle back inside she trashed the store or at least further trashed it beyond what had already happened in. The struggle displays were knocked over. Merchandise was strewn about. She moved to the registers. Removing all of the cash to make it seem like the store had been robbed. She was wearing men's shoes leaving footprints in an attempt to make. It seem like a man had attacked. Jana Britney then injured herself slashing her arms and stomach to make it appear that she had also been attacked then. She tied herself up in the bathroom. Again some of this timeline is difficult to pin down. Brittany was the only survivor from the incident and she didn't provide many details during her trial. So we have to guess at how fast some of this happened. The actual murder would have been relatively quick. One judge would later speculate that lasted about eight minutes. Based on the wapping three hundred. Thirty one wounds on GINA's body a small portion of the night but an agonizing amount of time for Jana who almost certainly suffered beyond that. However it's hard to say. Brittany may have spent hours staging the scene or she may have finished her work quickly then laid on the bathroom floor all night. Brittany's state of mind throughout all of this is also hard to guess at and indeed would become central to the trial. It would soon be up to a jury to decide how much of her crime was premeditated. And how much occurred in the moment as March eleventh turned into March Twelfth Britney awaited the arrival of police. She had no idea at the time but she had done more than simply end an innocent life. She had ruined her own. Next will discuss the investigation and trial listeners. I'm excited to announce that crime junkies Ashley. Flowers has a new podcast original series. I think you'll really enjoy. It's called supernatural with Ashley. Flowers and you can find brand new episodes every Wednesday. We all know that most mysteries can be solved by looking at the facts but sometimes the facts don't lead to a logical explanation and the truth lies somewhere in the unknown in supernatural with Ashley. Flowers Ashley takes a deep dive into the strange and surreal to explain some of the world's most bizarre true crime occurrences each week. She'll dig into a different crime or mystery where the most fitting theory isn't always the most conventional from exercises to unsolved murders to alien abductions. Ashley will take on. The tails challenged the unexplained and dissect the facts with a heavy helping of skepticism and rationale. So are you ready to get to the bottom of history's most peculiar events? Follow supernatural with Ashley. Flowers free on spotify. Or wherever you get your podcasts. Now back to the story. On March Eleventh Two Thousand Eleven Lululemon employee Brittany Norwood brutally murdered her co worker. Jayna Murray my guest host Nate Hale is going to take over from here to discuss the details of Janus murder and the investigation. That followed thanks. Vanessa Brittany attempted to make the whole crime. Look like a robbery but within just a day of investigating. Police spotted several discrepancies between her story. And the physical evidence for won. Gina was so horrifically beaten stabbed that the crime seemed more personal in a typical robbery. Gone wrong it was equally strange. That Britney's own wounds were superficial. Detective Dmitri Ravine noted that all of the murder weapons and even the ZIP tie that was used to bind. Brittany came from inside of the store. It was rare that robbers or criminals of any kind would arrive at a store without weapons of their own. No one plans a crime and just expects at everything they'll need will be on hand at the location. The shoe prints at the store. Were indeed from a male shoe but those shoes were found on site again criminals. Don't just take off their shoes and leave them at the crime scene and finally the detail that was most suspicious was the fact that genus car had been moved down. The street and blood from both her and Brittany was inside. This is Britney story started to crack as police interrogator. They asked her why her blood was in the car. She admitted to moving saying that the assailants had forced her to move the car from the front of the store then asked her why at that point. She didn't run. Why didn't she just drive away and call the police? She could only reply that she was scared. Brittany was arrested on March. Eighteenth just a week following the murder or Gill was never truly in question though she herself would never fully confess to the crime for defense however did operate from the position that she was guilty but that she committed the crime in the moment the matter of motive was tricky one of Janus other co workers claimed that she had spoken with Jana. That night and at. This is when Jana planed that she had caught Brittany stealing. It's clear then that Brittany might feared the Jane could have lost her the job or even exposed her to criminal repercussions but that doesn't quite explain the absolutely brutal nature of the killing and of course logically killing gene wouldn't necessarily covered up Brittany's theft. Perhaps there is a deeper hatred at play some aspect of the relationship between the two that will never be unearthed but such an evil illogical act doesn't require a comprehensible logical motive ultimately Janus phone call with her co worker wasn't even admitted as evidence with Jana dead. The judge considered it hearsay. So motive was never firmly established regardless the prosecution could at least prove that the tax was premeditated luring. Jana back to the store bringing the oversized shoes. And of course attempting to cover the whole thing of all spoke to a crime that had been thought out if not particularly well in January two thousand Twelve Brittany. Norwood was sentenced to life in prison without the possibility of parole. The judge pointed to the fact that she had shown little remorse until the day of sentencing. He was also moved by testimony from eight of Janus family members and friends by the fact that the apple employees had heard her screaming but had done nothing. He was a horrible tragedy from every angle. Nearly ten years later genus family continues to raise money through a foundation to award scholarships Janus honor. She left behind two parents multiple siblings and soon to be Fiancee Brittany. Meanwhile appealed her sentence. Claiming police had not redder Maranda rights but she had not even been under arrest most of the questioning and so in April. Two Thousand Fifteen or appeal was denied. She will die in prison..
"lululemon" Discussed on How I Built This
"To Vancouver and they asked me to run it and it was like a gift out of heaven because we were really low on money. We're I didn't want to advertise. I wanted word of Mouth. Two of the quality of our clothing to be the branding niche. Because I I really did believe in the tipping point and it had to come from people at couldn't come from advertising so I was again another incredibly likely thing I hired. This woman who Shannon Gray was her name. The first person had ever seen that had a design portfolio without using stretch clothing and within about two weeks. I after hiring her. I left her in charge of Lululemon. Seo for a year. And I went back and ran West Beach. And that's how you're able to make some cash that's house able to make more cash exactly so you And so we should foreshadow. There's a foreshadowing here that Shannon eventually Because your wife you're married to Shannon she's your See Are you So lululemon really launches in in ninety eight in this neighborhood and Vancouver and does it take off right away. It was just like insane or was it a slow burn. It was very slow. Burn and And then it was so slow that even when I left for to run West beach we were running out of money. I had a lot of Imon Tori because I need to make at least five to six hundred of every of our six styles in order to get the price down so I fell into the trap a wholesaling and so I. I made a big deal to wholesale to a sporting goods company. Thank Hoover and I shipped to them and they immediately went bankrupt so that really took the company to the very edge. We had no money to pay payroll again. I was only a couple of weeks away from the end of it. We had just decided to move across the street from our second floor into a store on the main floor on Fourth Avenue at ten dollars a square foot because it was an old beat up electronic store and then the other thing from heaven came in it was. They fired me West beach well and I use that loosely but they combined with Sims skateboards in. This Sim skateboards became the the Co so. They let me go with a a severance fee of fifty thousand dollars. If it wasn't for that fifty thousand dollars we never would have been able to finish our store just before Christmas. Time is in two thousand Kia this in two thousand and even though we had this great yoga pants and tops Shannon had to design this polar fleece Bra which got into the newspaper and brought everybody into the store and of course while they were there they they mostly the yoga pants. Khazei could we were in a position then to educate people on the technical features of our pant and once we had somebody in them they. They were a customer for life. And if you taking a yoga class in Vancouver at that time presumably you would have seen the label because the label was like right on the outside of the waistband right. Yeah I put it there because I was very clear that I that I. I didn't want big logo ing and I thought that somebody should look in the mirror and not see any logos and I definitely didn't like Louis on the left breast because I looked at it as being kind of corporate logo in there on the left chest so I I decided I wanted the local small. I wanted to be discreet in a place that nobody could see. See You I guess around two thousand and two you open your first store outside of uncovers in Toronto or Toronto as they say in Toronto. Yeah so we had My second floor you know in Vancouver was really a pop up store in the you know where people had to really look and find it. We did the same thing in Toronto almost a year before we opened the store there and it was. We got a way of developing the marketplace which became a Lululemon business model so we would go into every city in the future. Set up a store in the back alley or an aside street and develop our market invite Yoga instructors in before we spent you know six hundred to a million dollars on a store and again created word of mouth. Which was you know? My favorite type of marketing is break even marketing. Because I never had any money for marketing so there was a given. Well you did. You guys did some some stunts right like when you opened your shop in Vancouver. You said the first thirty people who show up naked. Get a free outfit while it was worse than that. I actually put my I add in anyone that shows up gets a free outfit and then I realized is in Vancouver and I was going to get every person in the whole city would show up naked so I couldn't really do that so I had to put another ad in a week later. Seeing the first thirty and I did that happen. Oh yeah and it created global media. Everybody showed up there was TV truck. Sell up and down the street and and make it in front of the store. Well they showed up. It was October morning. It was You've probably never heard this about Vancouver. It was overcast and drizzly. You know they all showed up in their trench coats and and then you know we went out. When we went to open the store. I went out with my wife and put my arm around her. And then we We sit thanks for coming in. Everyone dropped their trenchcoats and went running into the store and like nobody. Nobody was arrested because like this is not normally allowed in most cities. Well especially in two thousand and two. But I think it's part of the culture here and there's lots of nude beaches so I don't think it was. I don't think it was another realm for for Vancouverites. I'm very proud of our city and our police for I. You know stepping back in just observing surrounded has into Lululemon really starts to grow like two thousand and three you open your first store in the US and Santa Monica which obviously you chose that because that was sort of right the center of the Gogo Culture in the US. I guess you're I think the big thing that happened after we opened up. Tronto and the second store in Vancouver is You know I asked my lovely wife to marry me. She said yes and so. He was able twentieth Saturday when we were to get married. And I'm working in the store and really became almost a traffic cop because the the number of people coming into the store was something would never seen before. I think it went from a ten thousand dollar Saturday to a thirty thousand dollar Saturday. So obviously like you've got a store in Toronto. You've got one in Santa Monica and then I guess your next step was Melbourne Australia. You're growing fast but you you still Did you did? You have assuming you didn't have enough cash flow to really scale the business at that point. Well I only after that. We started making a lot of money. And I don't I don't mean a little bit of money. I mean a lot of money I mean you have to understand that again that nobody in the world had was was owning manufacturing to the retail store. I mean I was taking triple the Prophet of most people. I mean I guess it was two thousand five that you went out and and sought outside investors Who then 'cause because at that point you'd owned one hundred percent of the company so you sold I guess about half of the company and then step down as CEO. Why did you do that? Was that the only way you could like. You could expand and scale. No no I mean because I had built retail stores around the willow global manufacturing. I mean honest to God I could have done it all but I even though it was making so much money. I'd never taken any money out. My wife and I neither came from money and we were all scared. You know we were scared that an earthquake hit or you know like this seems really good but is it true is happening. We'd have to pinch your cells every morning and then And I wanted advisors. I wanted people around me. That could make sure that I wasn't going to run into roadblocks. Okay so you've sold about half the company to private investors A new CEO comes in a you on as chairman and then And then I guess you become like chief innovation officer at this point right right and it allowed me to sit in the middle.
"lululemon" Discussed on How I Built This
"Hey everyone just a quick thanks to to our sponsors who help make this podcast possible. I TWO COLOUR. Intelligent toilets a range of smart features for pampering relaxation and cleanliness. Colour intelligent toilets are designed to provide an elevated experience. Enjoy warm water. Cleansing warm air drying and heated seat control surround yourself with ambient lading automatic air freshening because every moment with a colour. Intelligent toilet is designed to make you feel your cleanest and most comfortable colour invites you to discover what you've been missing at Kohler dot com slash intelligent toilets. Thanks also to indeed when it comes to hiring you need help getting to your shortlist of qualified candidates fast with indeed DOT COM. You can post a job in minutes. Set up screener questions than zero in on qualified candidates using an intuitive online dashboard. When you need to hire fast accelerate your results with sponsored jobs new users can try for free at indeed dot com slash podcast terms conditions and quality standards apply offer valid through March. Thirty first twenty. Twenty astrology is as old as civilization itself and today it's easier to access than ever before thanks to the Internet smartphones this week on through line. How astrology almost went extinct and made a remarkable comeback through line from NPR? Podcast where we go back in time to understand the present welcome back to how I built this from. Npr so after attending his first yoga class in Vancouver in the late. Nineteen nineties chapels and had this idea for his next clothing company but it actually took him a while before he acted on it. Yeah I had to read an article in the paper. Windy that told me that sixty percent of the graduates at a university where women in one thousand nine hundred ninety eight. Then I went. Wow you know something really really big is GonNa come out of this. And that is we're going to end up with a market. That's never occurred before and that is a twenty to thirty five year. Old Single Professional well-traveled Stylish Athletic Women. Who Owns Condo? And and and that. So you know what I kinda put these things together and I think that it just reinforced that this market was they're ready for something. Big `specially in athletic clothing did so did you. What did you do did you? Did you run back from that? Your class and I go back to your house or wherever you were living in. Start to sketch out ideas yet. There was a little bit of that and I talked to. Ecorse Fiona staying who was the my yoga instructor who kind of dropped out of the New York financial world to become a yoga instructor in Vancouver and like I did in Sir Skate and snowboarding. I started to use her as a sounding board and as a creative source. Because unlike Sir Skate and snowboarding rise boy I could fit in the clothing. I knew exactly what was going on. I obviously wasn't a woman and I could see that yoga at that time anyway. Ninety nine percent women and if I was going to do this and I was going to transfer knowledge of what I learned in. Snowboarding Lakers stretch pants into yoga than I needed. Some advice. All right. She had Some money to play with from from the sale of your other company And you knew so of course and you knew how to source material. So what what we like. What was your first move in starting the business? Well one of my big issues in life has always been about rushing clothing and I could never really believe that Nike was a shoe company. So I know they didn't really understand clothing either because even in their running shorts they had. These open seems in between their legs. And I'd run five K and I totally rash so for me. It was like solving athletic problems. I went to Japan. I'd heard about these machines that were forty thousand dollars a piece which was huge at the time and I bought for them and I she duet. They were flat. Seem so is the first time you could put two pieces of fabric together. And the machine would flat seem the fabrics together and then cut off any excess fabric so there was nothing flopping around on the inside so the idea was to basically make athletic. Wear that would eliminate rashes. Yes when I was running ten KS or triathlons. The rationing was the thing that was always the pain point of what? I'd high level athletics and again what I because I became a fabric scientist of sorts. I could bring in the Wyking the moisture waking I could bring in the anti stink. Make it thick enough where it would smooth over girl's body so she could feel comfortable wearing it. You know getting up in the morning putting it on at work and then walking down the Yoga class and then walking home and was the idea to just make athletic gear. Yoga clothes or was it to make a fashionable apparel. Well I think I was. Just you know the right person to be putting like I said the two together in my drive in what differentiated Lululemon from everybody else's. I came at it from function and put fashion into it. Let's reality check here for sake. It's ninety eight. You don't have a lot of money. You take a pretty big bet like a pretty much better everything you had right. Why why would you`ve? Why were you so confident? This is GonNa work. I think because when I started to do my first design meetings with these ten groups of ten women and we had like five or six samples and they touched the fabric and they put it on. It was the first time that really a synthetic fabric felt like cotton. There was nothing like it like it was just nothing like it so I think that looking in the eyes of the consumer. I could tell that this was something that was going to be unbelievable. All right see you bet everything on this then you open a store right. Yeah but it's You know I can only get a store on the second floor in the right area on the right St in Vancouver which is probably got more athletic stores in any place in the world because you know the type of environment we have but I can't you know it's really hard to get people up to the top floor so the only way I can figure out how to do it is to is to combine my business with Fiona Stang Yoga teachers and I had all my clothing unrolling racks and we'd move it all out to the side and have yoga classes there early in the morning and then at night that would bring women into Yoga but also see where clothing was and then it kind of moved from there. See I store was essentially a yoga studio with a like a boutique inside correct. You have you'd have this this company which which you decide to call a Lululemon But by the way where? Where did that name come from? Probably get asked us once a day. And so when I had West Beach I had bought a skateboard brand called homeless and with homeless I started to sell that to the Europeans and the Japanese and it started to occur to me that the five big trading companies in Japan were making North American brand name clothing. In other words they would come up with their own brand name in order to deliver that. The job needs customer but Japanese. Those trading companies would never come up with a name with an ellen because it doesn't exist in the Japanese language and so what I got. Was that the young kids could see through that and they went a name with an ellen. It is more authentic North American. It's not like a Japanese knockoff. So it had real value to them so I started all. That's really a neat idea. So over the next couple of years I just started doing alliterate in my mind and with els but it was a pretty risky name at the time because lemon was really connected with a really bad quality. Detroit cars right a lemon. Yeah but actually came up with about twenty names and a twenty logos. What were some of the other names Well the only one I can remember right now is called athletically hip. So we'll name. Well that's what the girls thought too. Because I had ten focus groups of ten people and I had them vote on the names and the logos and they came up with the name Blue Lemon but the logo actually came from athletically hip so it was a stylized a from the athletic. So here's here's a question for chip is I'm curious. I'm I may as you know a man like you and you. You are selling a product primarily to women in a sport that Yoga or exercise that you weren't really an expert in you're not like some Yoga Guru you weren't I'm your big guy. You're like a football player type of guy and yet you were trying to create a market and sell a product to two young women. How did you do it? Did you sort of step back and and have other women kind of sell the products for you. Yeah I mean I had a when in between West beach and Lululemon. I'd I'd really decided that I only wanted to work with people. I love to work with and so I was really determined to develop people to train them to mentor them. And then get out of the way and as I was running out of my money for my second time I had taken another two hundred thousand dollar loan because the first time you ran out of money you're You're running West speechwriting right and I got West Beach. My old company moved back from from Salem.
"lululemon" Discussed on How I Built This
"So it used to be that the clothes you wore to the gym. Were like the absolute worst clothes you owned. You know the radio T. shirt. You got for free at some event sweatpants with your high school logo. You know the kind of short shorts Dr J. would have worn on the basketball court anyway. Most of this apparel was cotton-based Baggy. Didn't look so great in honestly. Nobody really cared. You had one job to do which was to sweat at the gym but at some point in the past ten or fifteen years all of that changed because suddenly the clothes you wore to work out. We're also the clothes you can wear to the grocery store or at a restaurant or even at work so for better or worse people were wearing their gym clothes outside of the gym on purpose and this trend it was called at leisure and chip Wilson. He was one of its pioneers. The brand he built out of his house in Vancouver is now worth more than fourteen billion dollars. Now before I go on let me just address. The elephant in the room chip has said some things that are well. How do I put this rude and Borish? He's put his foot in his mouth on several occasions. He's embarrassed the company and you will hear about some of that later on in the show. But he's also an open book and open to getting grilled all about his life. He's not a cautious media. Trains soundbites guy which is in part. What makes him interesting? Because that's sort of how chip grew up without any pretension middle class. Kid and Calgary. Canada chip was athletic. He played hockey and football. His Dad taught phys ed at the local high school and his mom was a seamstress she lived for it. It's were total passion was. She tried to make clothing for the kids. But of course we didn't. We'd never liked what she made for us. But you know if I want to spend time with my mom. It had to be editor foot in the sewing room. Until did you learn how to sew like from an early age. I can definitely so but more so I think it was working with the butterick patterns and watching my mum lay them down on the fabric and then and then how she moved them and twisted them in order to save fabric. I always say how important that is because once I got into big production and you'd lay fifty to one hundred layers of fabric down when you can save even five six seven inches a fabric that can mean thousands of dollars now before chip would go onto so and designed clothes for a living. He actually got his first real job at an oil company working a grueling incredibly lucrative job on the Alaska oil pipeline for almost two years. How much did you walk away with? How much cash interesting in? Today's dollars probably about six hundred thousand one hundred seventy five thousand. American is amazing amazing. Nineteen you were just given this cash. And that's simply because there was all this money to work on the Alaska oil by blood. I guess right and trade my life in for money I mean there was no girls. There was nothing there except for work so I also wonder you know if everyone got that opportunity with they have made the same thing out of it. I did a pretty good use your eighteen nineteen or twenty with a bunch of cash. So what did you? What did you do with the money? Well it all had three goals in Alaska when stolen my own house by the age of twenty To be in my own business by the age of thirty and retired by forty and retirement meaning that I was doing exactly what I wanted to do so so I did. I bought a house and then I Finished up my degree and I worked for an oil company. And this is an oil company Second in Calgary right because you you moved back there some Roy right and I guess in like the late seventies right Pretty much at around the time you graduate college or you start to make shorts like baggy shorts for men year. Because I didn't have to get it what it was like. At that time. Men were very short shorts. That were very very tight. You know you only have to look at movies from from the late seventies to get that kind of picture and And they made a lot of sense to me because I had very big legs and I was. I think because I was working out three times a day. I was always in a constant sweat and the idea of wearing shorts. Full-time was very appealing to me. Yeah and so you and these were like flower printed like loud Hawaiian like trader. Joe's like those shirts like that's what the shorts looked like. Yeah exactly but we have to see it in context that there was nothing like that before everything else. Was that era of Brown rust off color. Okra yellow like solid colors. There was no brightness in the world at all that time so that was a radical. Look so I started because I couldn't get loud flowered prints in two thousand meters which is kind of what a person needs to go into business. I started doing what my mom did. She quilted fabric so I would get masses of different types of patterns of fabric and then cut them into squares and then I would quilt them and then in order to keep the stability that I put up packing on it of black fabric. And then I realized I had reversible shorts so normally were they long and Begi and reversible. They just really revolutionized shorts. And then the skateboarder started taking them on because it kind of covers their knees even know about them. Did you start to sell them somewhere? Well I mean that's the invention of vertical retailing because I made about three hundred pairs of shorts up in nineteen eighty and I went to the big department stores here in Canada and they would have nothing to do with them so I had my first inventory problem so I thought what am I going to do so I basically set up a lemonade. Stand for the shorts. And in in Calgary in the downtown mall at Calgary and I had a partner girlfriend at the time and so we did that together and we would lay all the shorts out and then they would make like a thousand dollars a day selling the shorts and has making like a hundred and twenty dollars the oil company so it was tough to figure out the math of that and what these will not swimming shorts. What who would wear the shorts? What would you be doing while wearing shorts? Well these particular shorts you know. I couldn't release. It was tough in the oil business of conservative Calgary where people were practice suits and cowboy boots to them on loud begi shorts and so I originally called them barbecue shorts because I needed to give men needed an excuse to wear them. I knew they wanted to wear them. But as you know a couple of years went on and that's again that's when the skateboarding market took over from the surf market and the young boys you know like tend to eighteen started wearing them so this is this is one thousand. Nine hundred eighty. You've got barbecue shorts by the way the barbecue season in Calgary fairly short like a couple of weeks again forty days forty days. You've forty days or these shorts. And Calgary I mean not a brilliant marketing move but it worked people were like our barbecue and so nineteen eighty and then but at the same time you were still working for this oil company on the side or or. You're doing this and how long before you quit the oil company. Well ahead my goal of quitting being in my own business by thirty so I worked through company for five years and quit on my birthday. Your thirtieth birthday exactly. Did you create brand? Around around the barbecue shorts. Yeah I I called it. West Beach Which at the time was I think it's probably from being in San Diego whereas young and probably the the incredible feeling I had from living on the beach every day minute a little bit. Yeah when I was a little kid. And I being in Calgary. All's wanted to get back to the beach. I want to get back to the west coast. I think that's where I felt best. So that was the brand I built up around and who an and so initially your customers were in Calgary but how did you get the word out around Canada and beyond well I went to Canada? Was PRETTY EASY. Because you know that I got into it almost a decade before anybody else I think.
Lululemon Athletica: Chip Wilson (2018)
"So it used to be that the clothes you wore to the gym. Were like the absolute worst clothes you owned. You know the radio T. shirt. You got for free at some event sweatpants with your high school logo. You know the kind of short shorts Dr J. would have worn on the basketball court anyway. Most of this apparel was cotton-based Baggy. Didn't look so great in honestly. Nobody really cared. You had one job to do which was to sweat at the gym but at some point in the past ten or fifteen years all of that changed because suddenly the clothes you wore to work out. We're also the clothes you can wear to the grocery store or at a restaurant or even at work so for better or worse people were wearing their gym clothes outside of the gym on purpose and this trend it was called at leisure and chip Wilson. He was one of its pioneers. The brand he built out of his house in Vancouver is now worth more than fourteen billion dollars. Now before I go on let me just address. The elephant in the room chip has said some things that are well. How do I put this rude and Borish? He's put his foot in his mouth on several occasions. He's embarrassed the company and you will hear about some of that later on in the show. But he's also an open book and open to getting grilled all about his life. He's not a cautious media. Trains soundbites guy which is in part. What makes him interesting? Because that's sort of how chip grew up without any pretension middle class. Kid and Calgary. Canada chip was athletic. He played hockey and football. His Dad taught phys ed at the local high school and his mom was a seamstress she lived for it. It's were total passion was. She tried to make clothing for the kids. But of course we didn't. We'd never liked what she made for us. But you know if I want to spend time with my mom. It had to be editor foot in the sewing room. Until did you learn how to sew like from an early age. I can definitely so but more so I think it was working with the butterick patterns and watching my mum lay them down on the fabric and then and then how she moved them and twisted them in order to save fabric. I always say how important that is because once I got into big production and you'd lay fifty to one hundred layers of fabric down when you can save even five six seven inches a fabric that can mean thousands of dollars now before chip would go onto so and designed clothes for a living. He actually got his first real job at an oil company working a grueling incredibly lucrative job on the Alaska oil pipeline for almost two years. How much did you walk away with? How much cash interesting in? Today's dollars probably about six hundred thousand one hundred seventy five thousand. American is amazing amazing. Nineteen you were just given this cash. And that's simply because there was all this money to work on the Alaska oil by blood. I guess right and trade my life in for money I mean there was no girls. There was nothing there except for work so I also wonder you know if everyone got that opportunity with they have made the same thing out of it. I did a pretty good use your eighteen nineteen or twenty with a bunch of cash. So what did you? What did you do with the money? Well it all had three goals in Alaska when stolen my own house by the age of twenty To be in my own business by the age of thirty and retired by forty and retirement meaning that I was doing exactly what I wanted to do so so I did. I bought a house and then I Finished up my degree and I worked for an oil company. And this is an oil company Second in Calgary right because you you moved back there some Roy right and I guess in like the late seventies right Pretty much at around the time you graduate college or you start to make shorts like baggy shorts for men year. Because I didn't have to get it what it was like. At that time. Men were very short shorts. That were very very tight. You know you only have to look at movies from from the late seventies to get that kind of picture and And they made a lot of sense to me because I had very big legs and I was. I think because I was working out three times a day. I was always in a constant sweat and the idea of wearing shorts. Full-time was very appealing to me. Yeah and so you and these were like flower printed like loud Hawaiian like trader. Joe's like those shirts like that's what the shorts looked like. Yeah exactly but we have to see it in context that there was nothing like that before everything else. Was that era of Brown rust off color. Okra yellow like solid colors. There was no brightness in the world at all that time so that was a radical. Look so I started because I couldn't get loud flowered prints in two thousand meters which is kind of what a person needs to go into business. I started doing what my mom did. She quilted fabric so I would get masses of different types of patterns of fabric and then cut them into squares and then I would quilt them and then in order to keep the stability that I put up packing on it of black fabric. And then I realized I had reversible shorts so normally were they long and Begi and reversible. They just really revolutionized shorts. And then the skateboarder started taking them on because it kind of covers their knees even know about them. Did you start to sell them somewhere? Well I mean that's the invention of vertical retailing because I made about three hundred pairs of shorts up in nineteen eighty and I went to the big department stores here in Canada and they would have nothing to do with them so I had my first inventory problem so I thought what am I going to do so I basically set up a lemonade. Stand for the shorts. And in in Calgary in the downtown mall at Calgary and I had a partner girlfriend at the time and so we did that together and we would lay all the shorts out and then they would make like a thousand dollars a day selling the shorts and has making like a hundred and twenty dollars the oil company so it was tough to figure out the math of that and what these will not swimming shorts. What who would wear the shorts? What would you be doing while wearing shorts? Well these particular shorts you know. I couldn't release. It was tough in the oil business of conservative Calgary where people were practice suits and cowboy boots to them on loud begi shorts and so I originally called them barbecue shorts because I needed to give men needed an excuse to wear them. I knew they wanted to wear them. But as you know a couple of years went on and that's again that's when the skateboarding market took over from the surf market and the young boys you know like tend to eighteen started wearing them so this is this is one thousand. Nine hundred eighty. You've got barbecue shorts by the way the barbecue season in Calgary fairly short like a couple of weeks again forty days forty days. You've forty days or these shorts. And Calgary I mean not a brilliant marketing move but it worked people were like our barbecue and so nineteen eighty and then but at the same time you were still working for this oil company on the side or or. You're doing this and how long before you quit the oil company. Well ahead my goal of quitting being in my own business by thirty so I worked through company for five years and quit on my birthday. Your thirtieth birthday exactly. Did you create brand? Around around the barbecue shorts. Yeah I I called it. West Beach Which at the time was I think it's probably from being in San Diego whereas young and probably the the incredible feeling I had from living on the beach every day minute a little bit. Yeah when I was a little kid. And I being in Calgary. All's wanted to get back to the beach. I want to get back to the west coast. I think that's where I felt best. So that was the brand I built up around
"lululemon" Discussed on How I Built This
"Hey so really quick. I want to remind you about two incredible live shows coming up one in Seattle and the other one in San Francisco on Thursday March Twenty six albeit Bene- Royal Hall in Seattle talking to the founders of sub Pop Jonathan Parliament and Bruce Pavitt they founded the iconic indie label behind artists like Nirvana Fleet Foxes soundgarden and many many others and the very next day on March twenty seventh. I'll be in San Francisco talking with. Ken Grossman founder of Sierra Nevada. Brewing company a hugely important part of the micro brewing revolution in the United States. That's happening at the Sydney Goldstein Theater in San Francisco for more information on either of these shows or to get your tickets please head to NPR PRESENTS DOT ORG and. I hope to see their as for today's show ship. Wilson is definitely the kind of entrepreneur who is very attentive to trends and when he was living in Vancouver in the late nineteen nineties. The trend he noticed was yoga. It seemed like everyone was getting into it particularly women so the story. Lululemon is a classic case of seeing an opportunity. And just seizing on it. Right place right time but long way chip also ran into some major problems some of which he caused himself if I ran in June of twenty eighteen. It's a super interesting story. Hope you enjoy it. You're this people were just naked in front of the store well. They showed up in their trench coats. And you know we rent out when we went with open. The story went out with my wife and put my arm around her. And then we They we said thanks for coming and everyone dropped their trenchcoats.
Chip Wilson on Building LuluLemon
"Wilson is definitely the kind of entrepreneur who is very attentive to trends and when he was living in Vancouver in the late nineteen nineties. The trend he noticed was yoga. It seemed like everyone was getting into it particularly women so the story. Lululemon is a classic case of seeing an opportunity. And just seizing on it. Right place right time but long way chip also ran into some major problems some of which he caused himself if I ran in June of twenty eighteen. It's a super interesting story. Hope you enjoy it. You're this people were just naked in front of the store well. They showed up in their trench coats. And you know we rent out when we went with open. The story went out with my wife and put my arm around her. And then we They we said thanks for coming and everyone dropped their trenchcoats and went running into the store
Away CEO Steps Down After Investigation Reveals Toxic Work Culture
"Away the luggage startup founded by Steph Korean. Rian Jen Rubio has made a fortune by branding itself as a travel business. Not as what. It actually is a company that sells suitcases. More than half a million people mostly millennials selenium follower ways instagram feed the feed is filled with aspirational images of magical destinations cute dogs and babies and peaceful living spaces a recent Jason Hashtag advised followers to quote. Live like it's the weekend but for the company's employees life was anything but in fact there were often no weekends off for for months at a time the reality of working for away was so different than it's aspirational image. That co-founders Steph. Corey is now out as CEO. Corey left the executive post just four days. After the verge published a scathing article about a ways toxic work culture numerous former employees told reporters zoe schiffer for that. They were pressured to work. Almost endlessly typically without any overtime pay they also related many in-person slack conversations with Corey in which she berated and managers publicly for mistakes. Such as a single customer receiving a product with an incomplete monogram. Some employees also complained of discrimination against women and people of color color particularly within. Managerial ranks the verges schiffer. Backed up her reporting with several screen shots of slack messages written by Corey after the story was published Corey. Apologized jogged publicly on twitter. She wrote that. She was quote appalled and embarrassed by reading her own slack messages. She said she'd been working with an executive coach and promised to do better. That tweet led observers to believe that she wasn't planning to step down shortly thereafter. The company announced that a new interim CEO would take her place that new CEO is Stuart Hazelden who has been. CEO of Lululemon Athletico. He will start in mid January away. Disputes that had hired Hazelden because house of the verge investigation rather the company says away has been in discussions with him for months. According to the Wall Street Journal according to recode Hazelden had been planning to start it away as C.. CEO With the understanding that he would take corey spot. Presumably some months into the New Year Cory will remain as executive chairman. Gen Rubio will remain as has president and chief brand officer like many a Silicon Valley Unicorn away. His grown like gangbusters since Rubio Corey founded in two thousand fifteen. According to recode code the company has raised one hundred eighty million dollars in venture funding in May investors valued at one point four billion dollars Forbes reports that Corey and Rubio uh-huh stakes are each worth one hundred thirty million dollars according to the verge. Investigation Steph Curry often use the company's guiding principles all wrapped around fast growth as is reasons to castigate workers in particular. She attempted to get customer service. Employees to keep up with overflowing customer inquiries saying workers weren't sufficiently quote customer. Obsessed the article also depicts a workplace. That was dramatically understaffed whether these new revelations about aways toxic work environment will significantly only damage. The company has yet to be seen. The products themselves are well regarded but the online publication courts almost immediately published an article offering alternative luggage ideas that list is topped by products from Samsonite. which along
U.S. poised to give federal workers 12 weeks of paid parental leave
"House approved twelve weeks of paid parental leave for about two million federal workers on Wednesday. The new benefit would apply to any birth adoption or foster after October. First Twenty twenty any for employees who've worked for the government for one calendar year and stay for at least twelve weeks after taking the leave. The spending package is part of the national defense authorization. Sation Act that's a bill that often serves as a catchall for measures unrelated to defense. The Senate is expected to approve the measure in the coming days and the bill would then go to the white. The house where president trump is expected to sign it into
"lululemon" Discussed on Motley Fool Money
"It's up twenty one percent since the announcement after years of remarkably flat returns however that fat juicy dividend. I've i've been enjoying appears to have gone away of his expecting it to show up about a month ago. I don't see any reporting about a change on the part of management. Can you explain what's going on. What am i missing yeah bruce so <hes> okay is being acquired and they paid their last distribution dividend on may tenth dollar five per the unit and that will be the last one for oak tree. The <hes> acquisition will close sometime later this year and then brookefield will have their own own dividend policy make their own decisions of where that dividend goes but as far as the oak tree dividend that you you've loved so much that that's done and we own oak tree lean one of our real money portfolios and i just reached out to interactive brokers which is our broker. They have not yet provided the information how to vote for the merger because podcastone ashtros doc so they're in the work of kind of getting that ready for for their shareholders so people may not have received all of the information yet from their broker on the oak tree bam merger is is this a common occurrence because i'm not really familiar with brookefield but on the surface seems like an unforced error if people bruce can't be the only person who bought a lot of stock thinking oh i'm buying for the dividend and then to just discontinue it well. They were very clear that there would probably be only one more distribution when they announced the acquisition at some point. You do have to suspend it because things you know they're. They're closing mode here so event. The companies are going to be one company here. So at some point you just got to cut that off the question from san monthly in queens new york your rights when you're buying new stocks or adding to your current holdings. How do you think about money amounts. I around sixty socks and do bite size purchases that end up being about one percent of my account each time. I'd value any thoughts that you have. We'll just go around the table jason jason. I'll start with you yeah. I mean i think primarily the goal is to make sure that whatever you're doing when you invest that money don't pay any more than two percent of the overall purchase and transaction action costs so whether you're paying nothing or five ninety five just let that beer guide their didn't really boils down to investing philosophy or you look into own sixty or one hundred twenty different stocks are looking to own a more concentrated portfolio a d._a..
"lululemon" Discussed on Motley Fool Money
"They're basically sending out alerts kind of like an on call management for tech people. The pager duty is basically name. They created when it was first envisioned inside amazon basically when they had teachers many years ago i mean we've had a little but a fun over the years yeah at the expense of companies like coach when they changed their name to tapestry which we didn't really completely get this rank trunk trunk. Absolutely this seems like one where we want to go ahead and just openly encourage the executives that patriot duty to put together a team. Maybe think about some rebranding in two thousand twenty zoom video second quarter report was pretty much everything you would wanna see if you're a shareholder profits and revenue came in higher than expected the guidance was good shares of zoom falling nonetheless jason and and this is one of those recent i._p._o. That's really taken off. Is it just about evaluation. Is that why it sold off. Yeah i think the biggest risk to the stock clearly as evaluation in the near returned because by every metric businesses ron. I'm sorry firing on all cylinders dopey. Sorry i'm talking about companies. That may want to rebrand. I wonder if zoom might not wanna take the video out of its name because they are <hes>. They've introduced this new zoom phone product which is really just an audio base zoom phone offering. I hey man. I mean just consume communications and paint a little bit more of a clearer picture but i think ultimately you can never really underestimate the power of constant focus on making your customers is happy and that's what founder and c._e._o. Eric von does it seems day in and day out but strong quarter revenue was up almost one hundred percent to one hundred forty six million dollars customers contributing more than one hundred thousand dollars in trailing twelve month revenue <hes> were up over one hundred percent they stand four hundred and sixty six to put that in context tech's slack just reported seven hundred twenty of those customers so you can see there is some room there for zoom to grow that customer base <hes> total of sixty six thousand three hundred customers with <hes> with over ten employees <hes> and then also some interesting data that they had on the call in regard to remaining performance obligations or kind of uh-huh another billings metric but ultimately what it's telling us is that their customers are signing into longer term contracts and they're doing that because they liked the product <hes> and and they are getting more value out of it. Let me step back for a second because a couple of the companies we've talked about not really having to deal with the burden of being profitable and you mentioned something. Andy got me thinking and it's basically how unprofitable companies invest and when they're in that growth mode. That's something something that we like to see but i'm curious as analysts. Is that a little bit trickier to evaluate management on. It seems like for the blue chip well known companies companies that have a history of paying a dividend or buying back shares. They've got that track record. It almost seems like it would be a little easier to evaluate how they do on that. I'm wondering if it's just a little bit trickier for investors to look at younger companies that aren't profitable and judge how management is doing in terms of capital the allegation i think in the big expenses and people and evaluating the expansion having people we certainly saw it with pager duty this quarter this year is far harder harder and more difficult to evaluate what the ultimate return will that on that will be but that goes into your compensation stock-based compensation just costs a being all manage a growing business so for those young companies a lot of people yeah. The younger companies the growth companies. You'll often see misteps..
"lululemon" Discussed on Motley Fool Money
"Up twenty seven percents percents so at a faster pace than fifteen percent overall comp really impressive to see. I was a skeptic of menswear so again. I'll admit that clearly clearly. I didn't call this one right. There really impressive <hes> revenue up twenty two percent operating margins widened translated to earnings per share growth thirty five percent they were able to raise guidance as a result stocks trading at a premium no doubt about at forty three times for a specialty retailer wow but they're putting up the numbers to support deported. Well you point out. One thing that i think is really important. Which is that you know you talk about. The men segment growing that's something management has called for a couple of years now so it's nice nice to see a business business sort of executing against their stated plans and just to provide you a little bit of cover. I was thinking this morning about you. Go beck six seven years ago on this show and i think we were all a little skeptical of lululemon in part because the price point they were selling the yoga pants <hes> at a competition coming in from nike and under armour. You know you're forgiven for being thank you chris but it doesn't take the sting away. Shares the pager duty down more than ten percent this week second quarter profits for the cloud computing company came in higher-than-expected pager duties management raise guidance for the full fiscal year andy andy still sold off yeah if you look at the revenue growth at forty five percent for the quarter very healthy a little bit of deceleration the company's recently public but what's the folks that i was looking at. I think investors are paying attention to or just the investments that are making continuing to make the business not profitable generated a little bit of free cash flow this quarter which is nice to see but operating expenses up forty eight percent again versus revenue up forty five percent sales and marketing expenses up forty nine percent as they build out both their people which is the big investment but also their solutions long-term looking at the stock sales may be be up thirty eight percent for this this year so i hope they can do a little better than that sells at thirteen times sales an a really great culture the building there for this lucians very tech friendly <hes> <hes> insiders own north of fifteen percents. I liked the business. Long-term will be volatile stocksi discount now. I'm still confused exactly what this company does and i think it's the pager part of peter do stifled me what those pager duty do so it's basically they're the nerve centre inside these big tech companies and help in help developers. There's an operations and sales people kinda monitor the solutions and if things are failing not working..
Plans for new U.S.-China trade talks boost stock indexes
"Minute stocks posted solid gains for a second day in a row the news that the US and China plan to hold talks in Washington next month spark new investor optimism about the trade war the Dow Jones industrials gained three hundred seventy three points or one point four percent the nasdaq closed one hundred forty points or one and three quarters percent higher the S. and P. five hundred rose thirty eight points or one point three percent Brian Levitt of invesco talked about the positive mood on Wall Street the fed has backed off US in China or green to me is this great policy backdrop no but things moderately improving yeah and that's why the markets are responding to this lululemon Athletica posted stronger than expected quarterly results after the bell the athletic wear maker boosted its guidance for
Gigi Hadid and Tyler Cameron go to dinner with Serena Williams
"We're gonna talk primarily at demi a little bit but the next bachelor but before we do that i just wanted to a tyler update because andrew and i talked about tyler on monday and have personal update and be i wanna talk about rather just the latest in his celebrity meteoric rise personal update tyler along our housing may tyler love. You thank you great guy. There's that second of all tyler certainly not going to be the bachelor because he is still dating gee-gee hadid. They've gone out to dinner with friends. Including at-bat the matt james nine one nine and bucking serena williams one of the most famous most successful best living humans we have. I cannot believe it a million. What was your reaction to tyler hanging out with. Serena williams who's like probably the one of one of the best living athletes yeah. Maybe one of the best athletes it's ever gonna put a gender qualifier yeah. No i was speechless. I am a huge serena williams fan. I like i'm not like super nintendo but i'm like into to her and i want her to break all the records and she's so awesome and i'm just i'm just like oh my god it was it was incredible. I just i'm so happy for him. I'm so happy for bachelor nation. It's just very like this feels like some kind of like hey we're here finally and people saluted except that bachelor nation is a big deal okay. Thank you bachelor celebrities. You can't get rid of them. They're they're legit so now. G g has legitimizing them but one thing i've been thinking a lot about is she's like a friend of reality t._v. and formerly on reality t._v. herself which i feel kind of overlooked but when you launder was on the real housewives gee-gee was all over it. That was not like random. Oh no no no. I mean like we got the iconic nick moment when g g had like a going away birthday party for college or something and you'll here's the piece of cake and it was literally the size of an almond yeah. Have you ever google you llandough and she was in her heyday as a model. Yes i have actually she was gorgeous. Yeah can't imagine growing up under with evatt hanging over you sure i will say this though they kind of like. I think it was a run on. She was like the ninety supermodels naomi cindy yolanda. It is like really you'll onda your maga yeah. I don't know about that. She was on the same level. That's true and just tyler is like i don't know this just takes him out out of the running for like regular reality t._v. or like the bachelor career trajectory. I don't know what happens to him next. I don't know how long this lasts right biggest task for them. It will be in september because certainly j._j. Will be walking in the many fashion weeks new york london paris so she'll be traveling and like i don't think we can rule out him going with her like that could have now we'll end. He's a model to maybe we'll see him on the runway. I don't know that will be wild if he if he just. I mean he's like today. He put up a lululemon add lululemon partner it would be wilder tyler became a runway model as a result of his new found fame. I don't wanna say as a result of g g. I think think like he could get there on his own shore but it's just wild. I is a i. I now find that like part of my daily. Routine is waking up and checking to see see if tyler is done anything no like what like what's going on today in thailand yes. Maybe it would have done that anyway but like it's just crazy. He's legitimate celebrity. It's wild well. I think he probably likes it. Also jay is nine one nine. Do you follow him on instagram. No why not oh does that his friend who's the football player yahoos yeah. Who's catchy lives on okay well. Maybe i will after this. We'll he's after forty thousand followers literally. He's literally just random guy just like little chillers run yes and he is forty thousand instagram slow followers. That's crazy yeah. I know it is crazy. He's also really handsome. I hope that this is working out for him do we'll maybe lead to get him on the bachelorette. I think that's been like discuss like about to make him a bachelor. I don't i'm so down for that. <hes> <hes> we'll move on from tyler and one second but i just want to note the photos of them at last night which by the way was also namedrop from the new york post this week because i is where katie holmes was allegedly overheard talking about her break up with <hes> jamie fox big-league las geena a hard time believing it's complete coincidence anyway in those photos caroline wozniacki who is also towns player also <unk> serena williams the best friends. She's also there and there's nary a mention of her. It's very sad that's crazier. I know no one had like if you're a tennis fan into the photos. Oh there's caroline wozniacki yet otherwise no mention for her. Wow i mean like i said i'm not huge but i know who she is and like i say she would've voted wedding for christ's sake yeah m._s. Don't totally that's wild that she was even mentioned it stunning
2 Stocks Profiting from Rewards Programs
"Is there a publicly traded company that helps these retailers manage their rewards programs of often wondered about this but I don't have any idea where to start the research. Well you came to the right place Mike. What about this because he's right? We often talk last week on Monday. Full money we were talking about retailers and restaurant companies <hes> frequently the rewards program comes up there awards program is vital actually for the performance of a lot of great companies and as such many companies manage their own <hes> there are smaller non publicly traded companies that may help with awards program but there are actually two really big companies <hes> publicly traded companies that are really really doing well in the business of helping companies manage their awards programs. The first one I think is probably a company everybody knows but doesn't realize that they work in this space and that's shop affi- <hes> so shop affi- While obviously helping small businesses businesses with their e commerce presence there payment solutions they actually have really robust loyalty pro program management as well so a lot of these small businesses so if you're going online near buying something directly from a a producer of their product and you get loyalty email from them or sign up for some sort of program that is more than likely managed by shop affi- and it's been one of the more lucrative aspects of their business but also another company and my personal. Personal favourite though it doesn't get much love round here is actually a company called Stone Co.. I'd stickers S. T. E. and it's a Brazilian payment processor and they actually acquired a company called collect and they have a really innovative way of managing rewards programs what they do is they actually track credit cards so when you go into one of their retail outlets and you pay with a credit card on a stone co machine machine what it does it gets your name it gets your information and then it tracks how often you go oh. They're so. Let's say you go to a coffee store on your way to work three times a week. They'll track that you pay it the same card you buy the same coffee and then you know one week. I'm not really feeling coffee. You keep skipping what they'll do. Is they'll send you an email and say hey ten percents off your next purchase to reinstate advise you to start going back to that. You know probably bad habit of getting coffee three times a week bad. What are you talking about? One of the healthiest things you can do but I tell myself to. Although if you see how how much sugar and milk I put my coffee probably saying the opposite fair but the point being that there are lots of companies that are operating into space. I do think Stone Cohen shop a Fi are two of my favorites and they're kind of under the radar when you look at their loyalty program <hes> support court systems well and Mike Get something that we've talked about this with restaurants before where it seems like restaurants are now at the point where if you're thinking about investing in a restaurant one of the questions on your checklist should Eh. What is their delivery strategy? Do they have one. What is it? How well is it working et CETERA? I think Mike's Question gets at something that you know sort of cousin of that. which is if you're investing in a retailer? What is their rewards program? Do they have one. You know we we were talking before we started recording as speaking of coffee as a longtime starbuck shareholder in general. I'm obviously thrilled with how the business has been run for the last twenty years but for for a good stretch of time and we talked a little bit about this on Motley fool money the other day for good stretch of time there rewards program was bizarrely to me an a massive underperformer when I when you consider how big the company is how successful they the ban it is one of those habit forming things and so the fact that they were trailing so many different retailers and businesses in terms of the number of people. We've gotten this rewards program just said to me boy. They're doing this wrong that there. It seems like under. Kevin Johnson they're starting to get that right and it's a Predator member of that. Not all awards programs or loyalty programs were made the same so while it's true that starbucks really didn't make a concerted effort to robust improve their their rewards the program ultimately the quality of the people they have in their program is very different than allow the retards that they were being compared to so even if you look at D._S._W.. Or Lululemon are Victoria secret for instance. All of these companies are look loyalty programs that people just put their emails in when they purchase an item right that doesn't necessarily mean that you've made the decision to become an active part of their loyalty community and the vast majority of these people are just getting these emails that are being sent to spam and not engaging with them at all starbucks was completely different. You know when you order to drink at starbucks. They didn't ask you for your phone number or your email address the way they do at other retailers so it's unfair look at starbucks were royal loyalty program and compare it in terms of numbers to another companies that being said it was clear that they they need to do something to improve the number of people they do have in it because there's a lot of optionality there and I think over the past couple of quarters they've shown that they have been making strides and getting members into their program but it's important to remember that not all rewards programs are the same question from Erik Nord said you're right. I was wondering how y'all go about researching companies management. I understand certain cash flow metrics can be used to see how they are reinvesting paying down debt or paying dividends but other than that. Is there a certain website or some other resource to analyze management within a company <hes> great question because at the end of the day it's actual human beings running these businesses thousand exactly what I was going to say the best resources for analyzing manage it is actually actually yourself <hes> so you can always use metrics like the ones you mentioned but when push comes to shop I think we are the best judge of character as humans and when you're investing in a company you should be considering it like you're giving your money over to management because and essentially you really are. You're giving your money to accompany to allow management to spend it as they see fit so when you look at it that way the question actually becomes a little different. It's not about analysing management within a company on a general level. It's actually about evaluating tweeting their decision making skills their capital allocation skills so do you trust them to make the right decision with your money and and that's where things get personal because a lot of investors around here tend to think okay well. Insider ownership is a big you. A catalyst for that right management's likely to make decisions with capital that benefits themselves so they own a lot of shares. They're likely to make decisions that will improve shareholder returns while I like to see that our ownership. I don't like to depend on that kind of selfishness right to determine whether or not I'm going to get my money over so I WANNA see management actually simply not caring at all about the stock price. That's meaningful to me because I want to see that they're more focused about important things leading the company building a good company <hes> they built a good company. The stock price follows. It's not the other way around so I think a good example of management. That's really kind of exemplified. This is bringing up shop if I again but to buy his luquet so he's said numerous times despite the fact that he's a seven percent shareholder moroder he doesn't concern himself with stock price at all. He doesn't spend any time thinking about the only thing he's focused on is that customer experience at the small business experience on his platform so I trust somebody like that to manage my money. <hes> so I think push comes to shove to get make a long doc story shorts really use your personal judgment. Listen to them how they speak on earnings calls listen to their strategic planning moving forward and think do I trust this person to do what's best with my money. What other resource I'll just mentioned is youtube? I always find it instructive to see what does this person look like. What are they sound like particularly when they are in an interview setting whether it's clips of them on C._N._B._C. Your Bloomberg or on stage in front of a live audience I think you do you get a good sense of what they're like summer more polished than others and by the way that you know that can cut both ways I mean some CEOS can be polished to the point of being slick and not in a good way but you mentioned the earnings calls? I think it's always interesting to see who you know are they on the call and if so who else is on the call. Are they deferring to people. What sort of management team do they have around them because everybody has weaknesses and the great CEOS not only recognize what their weaknesses are but they build systems and teams around them to compensate for it? Oh I love that. Humans can pick up on aspects of whether it be conversations. Ends answers that numbers simply don't get and I will just add <hes> you know you kind of mentioned dividends share buybacks there when it comes on capital allocation if the best thing management can do is issue dividends or buyback shares you should be thinking to yourself okay what does management doing for me that no other company can do because anybody can take your money and then turn it around and buy back shares or issue dividends You WanNa see somebody who's giving some value back to US couldn't agree more listen to them. Get a sense of who they are as a person and then ultimately determine whether or not you trust them and how they spend their money
Under Armour beats earnings expectations
"Let's begin with Under Armour shares up around four percent at the time of our taping. Now, Andy, I look at the news here better than expected earnings and sales international revenue up twelve percent now. That's the good news North America. Not so great sales down three percent. Yeah. It's right MAC. So sales were up two percent to one point two billion that beat the consensus estimate with earnings per share a little bit. They were expected to be flat, and they were negative last. Year for the first quarter wholesale revenues up five percent direct to consumer guys down six percent, which kind of surprised me North American sales MAC as you said down three percent that seventy percent of their sales. So obviously, pretty important. They're really international twelve percent. Great inventories down twenty four percent which helped their cash flows costs down. So the the cost controls. They cut in salary last year that Kevin plank and his team are kind of implementing here when you're not really growing very fast. If you want to continue to grow your earnings. It was been a rough story here. Stocks down by half of the last three years as a turnaround for armor continues to go forward. They gotta get their cost control me, and they were doing four hundred million of operating profits year ago on five billion assails. Now, they're doing three million sales doing forty million in operating profits trying to get the profit margin picture really right for Under Armour's the story when you're not growing very fast. You gotta get that cost. Picture in line. And they're making some progress there. I think it's there at that point where you're going to invest a lot and try to drive growth or you're going to cost cut exactly like Andy set. So I think there was an attempt to kind of boost awareness, right? Bruce that brand name recognition increase sales. And so maybe they're still going to that process. I'm not entirely sure that it's it's not a success as it stands right now. I think they're still potential there for them to kind of turn this brand around. But I agree that if that doesn't succeed in your only option is to cost cut. I will say footwear where sales up eight percent. That's actually a nice bright sign apparel sales up one percent or so, and that's that's the largest part of the business. So they are seeing some nice little growth year Nike actually had a really nice North America quarter. I think they're up seven percent. So the comparison the competition out there not going away. Certainly so under armor has his work cut out for from for them. But we're starting to see the light. And obviously the stock has done really well over the last this year stocks twenty five percent. So investors are recognized. The work. They have to do, but Kevin plank and his team have to continue to get it. Right. And let's talk about Kevin plank CEO because he said that Under Armour plans to stay true to its performance gear. Despite the fact that athletes are really gaining momentum in the US. And so my question I don't own the stock, but as a potential shareholder or someone looking this company, why wouldn't under armor, just embrace that athletes market. Why think they kinda have I mean Kevin plank started the business into Niles? Yeah. I think he is. I mean, obviously Lululemon lemons really done. Great fantastic job on this in in that regard. And I think Kevin plank sees under armor as a real performance brand. And he doesn't want to try to dilute that by going into the athlete our nomenclature and pushing the performance especially around footwear and around so many other sponsorships continuing to drive that perception that they're all about performance, and he doesn't want to give that up
U.S. fourth-quarter growth cut; Lululemon profit beats estimates
"Update. Stocks are opening higher this morning amid talks of progress in the trade talks between the US and China and inline economic growth data the final read on fourth quarter GDP came in at two point two percent, which was in line with expectations leaving the final annual GDP read at two point nine percent for last year, though, this week's market performance has been uneventful the S and P five hundred is headed for its best quarterly performance in seven years. Broad based gains are accounting for an eleven point nine percent quarterly move higher with two days left for the quarter and heading into the open. Here's a look at how the markets are trading. The Dow Jones is up one hundred and three points SNP EPA, solid eight and the NASDAQ up nineteen ten year. Treasury yield is trading higher one and a half basis points oil is down dollar five a barrel. Gold down eighteen dollars and seventy cents an ounce in the days doctors. Lululemon surging fourteen percent after reporting profits that beat.
Targeting Lululemon, Outdoor Voices Aims to Kick Asana
"Business wars daily is brought to you by the podcast the growth show each week. They explore inspiring stories that get to the heart of how people grow a business an idea or movement. Stay tuned at the end of this episode here a little more about this fascinating new show. From wondering, I'm David Brown. This business wars daily on this Wednesday, December fifth you'd think that with as much competition as there is an athlete. You're where the company selling. It would be donning boxing gloves. Not yoga pants athlete that is comfy stretchy closed designed for athletes, but worn everywhere has been a consistent. Bright spot in the fashion world for many years the champion in this ring, so far has been Lululemon which is twenty years old and still growing its biggest success this year, an enormous jump in e commerce sales and profits after streamlining its online experience, but Lululemon which began in brick and mortar stores faces numerous challenges from under armor to the gaps athlet up one startup is getting a lot of attention, the digital native company outdoor voices, then twenty five year old Tyler Haney founded the brand in twenty thirteen with an expert. Press mission to compete with Lululemon like it's much bigger rival outdoor voices offers functional athletic clothing that works. Well, as street fashion. It's technical fabrics have spawned what? At least one trade magazine calls a cult like following it'll have eleven physical stores nationwide by the end of the year and last month, high end retailer nordstroms began carrying the clothing to and nordstrom's move actually says a lot about the future of so-called disruptor brands, like outdoor voices as we've reported before talking about brands, like mattress company, casper and Worby Parker digital natives startups. Now find that they need brick and mortar presences people still want to touch feel and experience items in person soon will we be talking about online stores and brick and mortar stores anymore or will the hybrid model. Become just as standard as wearing yoga pants to the office. We. Think it will. From wondering this is business wars daily when you get up from that downward dog share business words daily with your friends word of mouth is the best way for our show to grow. So please feel free to send an Email or give them a call. Tell them to subscribe, thanks. I'm David Brown. We'll see you tomorrow. You know, it's never been easier to start a business, but it's never been harder to grow that business. I want to tell you about a great new podcast, call the growth show, which is created by hub spot. They make free and paid tools that help you grow your business each week on the growth show. They explored the inspiring stories behind how people grow a business an idea or a movement. You'll learn about the challenges entrepreneur space in starting a company and you'll hear about some of the most interesting topics in business like social media marketing, the future of bots and the rise of subscription services. They also have some amazing guests on their show like Allie Weiss of glossier and Joe dessino creator of Spartan race, the growth show is chock full of great stories. Amazing guests and helpful advice. Subscribe to the growth show today on tunein Spotify, Stitcher or wherever you listen.
"lululemon" Discussed on Pop Fashion
"But I don't know what happened in those private conversations. So I can't really be the judge here. Okay. That wasn't really uplifting. News from Nordstrom rack in Saint Louis. Do you have something better for? Yeah. As information about a possible comeback. You'll never believe who it's with Lululemon scoop. You cut our really quick to this. This prizes me because we've talked so much about them in the past. And they were doing so many awful things that the stories kind of blowing my mind so way back in two thousand thirteen Lululemon was struggling they had to recall a bunch of their yoga pants because turns out there see through or they were and their chairman is named chip Wilson. He was just a big dumb dumb. He said some very stupid things. One might argue that he was a snake men of snakes, totally mate of snakes. He said that some women's bodies don't work for those pants to which everyone and America wanted to slap him across the face live, you wear pants if they worked correctly because it weren't seat through about a month after making that remark he step down as chairman, and he ended up leaving the board and twenty fifteen at just to keep in mind. How much of a jerk? This guy was in twenty sixteen. Eighteen he wrote an open letter to the board saying that the company had lost its way and was struggling to compete with Nike and Under Armour here, we are twenty eighteen and guess who is struggling Nike and Under Armour but chips still is not on our Christmas card list here, pop fashion. Just wanna put them up there. No, he was gone many years ago. But it looks like things are turning around. And that's because men's apparel is doing great. Really? Yes. It's doing great on their website as a whole sales of up twenty five percent this year. They've had a forty percent jump in online sales, and they are seeing sales grow and men's yoga pants and apparel as a whole so much. So that they have a sales goal of one billion dollars for men's apparel by twenty twenty. And they just might reach it. It's pretty incredible. I went on their website today because I was like, wow. What are they doing? That's going right. And I started clicking around. And I knew that they were doing athletic wear, but they're also doing button down shirts. They're doing hoodies doing t shirts they have shorts that look great. They have sweat wyking fabric. I was very impressed with it as a whole it looks very similar to what gap was doing a long time ago. Back in the day. And it's not quite norm core, but it's functional wear that you need in your closet collegiate chic if you will sure why not God remember when we talked about norm core. Remember what we talked about Lululemon constantly because this guy was such jerk, man. This is a trip down memory lane. I love it. It is. And it's all coming back in a positive way. I'm glad that they found their footing. Glad that they've gotten rid of some members of the company, and I have hoped that they are going to keep ongoing like they were such on the brink. I can't believe they pulled this out. We probably knew this was going to happen. Because if you looked at the past couple of years, there was so much competition in women's leisure, whereas the competition immense where I mean for men you're looking at either super high performance athletic gear or super casual gap sweats. And nobody was really focusing on that in between like maybe the Patagonia's..
"lululemon" Discussed on Pursuit With Purpose
"Hey sarah welcome to the show thank you someone to be here super excited chat with you so i know that before you started your businesses that you've got right now you had a really highpowered corporate career can you tell us a little bit more about that experience yeah definitely so i actually did have a high power corporate career ends a lot of people don't know this about me but i actually wasn't entrepreneur before having a big corporate career so i i like to say i feel like i am a serial entrepreneur in that i went into my career with entrepreneurial not only mindsets sort of just in my body is just built that way so i did go into a very fast paced highgrowth career with that mindset site you know sort of the evening with some people now you know dina terms or the intra poor that was definitely me i definitely ran my corporate roles as if i was in entrepeneurship and luckily for me i had opportunity to do so also but yes i was recruited out of my own business actually by lululemon athletic they were very young and they were pretty much solely a canadian company those of you listening may or may not know that they are based in vancouver british columbia and i live in seattle washington i was just over the border sort of skip it right where the brand had a lot of random are already and if we school back to that time it was you know the late nineties early two thousand win the yoga industry wasn't split it is now or everywhere in like using out of every you know.
"lululemon" Discussed on Pop Fashion
"I'm just living in a cyclical world over here fashion news, you'll breaking news from yesterday for which we have no further details today, but I'm going to tell you about it like it just Roque loot lemon announced on Monday that the CEO Laurent pot van had resigned effective immediately by bitch. In a statement. Apparently. It was said that he fell short of the company's standards of conduct and it expects all employees to exemplify the highest level of integrity and respect for one another. We don't know what that means at this point. There was a great comment on our Instagram from a listener who has worked in HR and pointed out that this is not necessarily sexual harassment case, this could mean anything it could be any sort of personnel situation that they don't necessarily want to go into details for but just because we're talking about sexual harassment a lot right now. We can't really jump to the conclusion yet that that's what happened. Okay. Fair point. That is correct point. But if your gut is telling you, anything, what do you think it is sexual harassment? I think he touched somebody's Weiner. That's pure speculation on our part, pure speculation. He could have done anything. He could've embezzled. He could oh my favorite. He cut have been hiding products at. His house that were unaccounted for. He could have given somebody a paper cuts. We do not know we do not know all that. We know is that this guy became CEO in January twenty fourteen and he had the task of rebuilding Lululemon after the whole snafu where the black stretch yoga pants were too sheer. Yeah. If you remember that I believe it was one of our like early issues, we talked about on this here show for the previous CEO had left the founder chip Wilson had resigned as chairman in two thousand fifteen after making some comments about whether or not women's bodies should fit in Lululemon clothing. So that's still ridiculous debate. Let's make women's clothing. And then tell them that they're not wearing women's clothing correctly. What is snakes? Hey, ladies, we made you some exercise gear, and you had better be skinny in it. Chip chip. I'm never going to be over chip. So pop van has resigned from the company's board. He is no longer in power. I mean, he had a big task during the years that he was in Lululemon. He had previously worked at. Let's see he was at his president of Tom shoes. He had been at Burton snowboards, and he began his career at LVMH, French luxury goods purveyor. So we are waiting for more details to come out about this. But for now all the we know is that something went very wrong, and he's leaving with five million dollars way. What I didn't see that part. Yeah. That was part of the agreement. He's stepping down. But they're giving him five million. And this I'm guessing they all signed paperwork saying you don't say anything. I don't say anything we signed stuff. And we give you money that sounds about. Right. Because you would have thought that maybe some details come out today. I don't know. I don't think we're gonna get an detail. Unless somebody high up in the company decides to leak it, otherwise, I don't think anyone's going to talk because it coming out this way versus coming out in the news cycle something horrible that he did. And Ben getting fired. I think they're trying to get ahead of it. Right. I think they said you can resign. We'll give you sovereigns, and we will never speak of this again. Yes. And Lululemon dealing with lot of the backlash internally. But they're trying to keep it internal all we need is for one person to leak. That's it. Somebody listened to that show. You know, what the tea is? He wants Bill it tell us that is not entrapment. Just saying that our Email inboxes open that is just saying you can share if you feel like sharing, and we're really going to keep people is. Yes, that is all that is what we know about Laura on next topic, please car and tell us about one speaking of stories that have hard worst pronounce love von a buyer, Don, the French fashion house l'enfant desperately needs a buyer..
"lululemon" Discussed on This Unmillennial Life
"And liu limin and i know that listeners of this podcast as unrelenting heels bomb probably have mixed feelings about lululemon i know for me this whole thing really started when i was laughing with a friend about how i would had never been to a lululemon store and would never go into it lululemon store to buy anything because they felt like the pricing was just so outrageous and that was when i posted on facebook looking for my on millennial friends that had opinions about liu limin and that's when your husband reached out to me i want you though to move past what i just kinda laughed about about not wanting to spend the money dare i because i felt like it was adami price range and i'd love for you to share your your actual experience of going into a lululemon store and what that was like so i'm just going to be honor i am a lot like cruel at lululemon the core and and i'm i'm ashamed that i i wasn't uh you know this happy customer walking in but i i knew going in that i was most likely not find anything that would save me um kind of for lunch months leading up to going into lululemon i uh i had watched a friend who who was working there i knew to people that were working there um who were both very encouraging uh fitness experts um just really share how excited they worry about the clothing they're very involved in community activities and going to fitness classes and and they they really you know i thought okay i love these people there they're great they're motivational their exciting and so i i decided against you know what i believed you know who as was going to happen i i decided to go in and and look at the products than i thought well maybe you know these people that that i i respect and like who who were so excited about this clothing line.
"lululemon" Discussed on This Unmillennial Life
"I do host reagan injued in welcome today's episode pena i've really struggled when i started putting together this episode of what took title this topic when i first started thinking about doing this episode it was prompted by the first visit that i ever made to a lululemon store i'm gonna assume many of you are familiar with lululemon but if you're not lululemon is an upscale athletic and asked leader brand that has become somewhat stereotypically millennial if i can say that it is very expensive and if you read some of the mainstream press it has been criticised over the years as being a brand that only caters to a certain admittedly smaller very athlete it body type so what was funny about this was i was gifted a pair of lululemon yoga pants and i was also gifted a lululemon give card this is all been within the last year or so i'd had the gift card forever and because there's not a liu limin in the town that i live in i really hadn't made it a priority to go spend the gift card but when i was given this pair of lululemon pants and admittedly they fit very well and i really like them i decided on my next visit to a city where i did have a lululemon retailer that i could visit to go in and spend that gift card and i bought something off of the cell rack in i left and i vox are back and forth with a friend in kandalaft laughed about going in lululemon and feeling very millennial because there is admittedly somewhat of this assumption that lululemon is more of a millennial brand we laughed about it and she shared with me how she had tried liu limin pants because she'd been told how transformative they were and so it really was not going to go much farther the math but i happened to put a query out on my personal facebook page to just ask kind of from other unwilling heels what their take was on lululemon and i was amazed at.
"lululemon" Discussed on The Tai Lopez Show
"Okay it should say one a crowd fund your downpayment underdog open what did i just say between 1994 what's the simplest business that's ever been built on internet selling what books books between 1994 and two thousand seventeen approximately sixty million entrepreneurs launch businesses zero thought to just go on sale books except mentor ma entrepreneurs i don't know if it's narcissism i don't know what it i find entrepreneurs tend to all of us tend to be more narcissistic so we think we got to be super smart and our website scabby because it this website is acting to smart no offence i blow in gentleness this website well acting way to smart what a nothing makes sense let's go the people who make money let's go lululemon they sold yoga she's clothes i mean operating much now shop women's what's new now they have a brand that's already somewhat known so they can be a little more esoteric but look they even got the price is right there copy lululemon you'll do a lot better and may even make because we've already know the lulu brand the brand they don't know you it's gotta be dislike this one is not gonna work right gofundme you homes it should just say even the work crowdfunding is a little bit complicated to people need help with your downpayment we'll get you the money right now this is just to me how much money i've made was simple sentences like what i just told you here's most entrepreneurs we crowd we build a multi faceted platform to crowd source multiple financial ventures into what people are on what the hell just say can't quite a forger downpayment will help you get the money.