Lolë to Erode Lululemon Market Share with Canadian Store Expansion


Photo:  LolëPhoto:  Lolë

Photo: Lolë

Lululemon will face increased competition, as Montreal-based Lolë plans to open as many as nine new Canadian stores by the end of next year. This women’s activewear brand already has 14 Canadian locations, and it seeks to significantly expand both by opening new stores, as well as grow its wholesale distribution network.


Photo: montrealshoppingtours.comPhoto: montrealshoppingtours.com

Photo: montrealshoppingtours.com

Lolë has retained Montreal-based brokerage Think Retail to locate space for new Canadian stores. The brand has already announced plans to open another three locations this year, including at the Toronto Premium Outlets, Mississauga’s Square One, and in Whistler, BC. Furthermore, Lolë plans to open as many as six more Canadian locations in 2015, focusing on Toronto, Calgary and Vancouver. It recently opened its 14th Canadian store in Banff, Alberta. 



Lolë seeks retail space in the 1,250 to 1,600 square foot range. It is considering openings in super-regional malls, high streets, outlet centres, and tourist destinations. 


Lolë White Yoga Tour, Toronto. Photo: http://1loveto.comLolë White Yoga Tour, Toronto. Photo: http://1loveto.com

Lolë White Yoga Tour, Toronto. Photo: http://1loveto.com

Founded in 2002 in Longueuil, Quebec, Lolë, or Live Out Loud Every Day, caters to the active urban woman. It specializes in apparel for yoga, running, swimming and other activities, as well as casual fashion apparel. All locations offer free exercise meet-ups twice weekly at a local park, as well as lectures given by yoga/pilates specialists, and nutrition experts. Tea and fruit are served daily at each store location.

Lolë is expanding internationally under new ownership, both with new stores as well as extensive wholesale distribution. According to the Globe & Mail, the company’s revenues are expected to surpass $105 million this year. Remarkably, its CEO hopes to achieve sales in excess of $1 billion within several years. Lolë expects to increase sales by opening new stores, as well as expanding its wholesale business, which represents currently 80% of the company’s sales. The company hopes to reduce that to 55% as it opens new stores. 

For reference, Lululemon achieves sales of about $1.6 billion annually. 

Besides its new Canadian locations, Lolë plans to open about 50 international locations over the next five years. 

Today’s retail news from around the web: July 29, 2014

Article Author

Craig Patterson
Craig Patterson
Now located in Toronto, Craig is a retail analyst and consultant at the Retail Council of Canada. He's also the Director of Applied Research at the University of Alberta School of Retailing in Edmonton. He has studied the Canadian retail landscape for the past 25 years and he holds Bachelor of Commerce and Bachelor of Laws Degrees. He is also President & CEO of Vancouver-based Retail Insider Media Ltd.

More From The Author

Exterior of Aesop store on Toronto's Queen Street West. Image: Aesop

Aesop Expanding Canadian Store Operations with Multiple Storefronts Over 12 Months

The brand could open as many as five Canadian boutiques this year amid an ongoing expansion that includes new markets.
Renovated Holt Renfrew facade on Bloor Street. Photo: Doublespace Photography

Holt Renfrew Unveils Overhauled Mink Mile Flagship Facade and Main Floor...

The luxury department store’s ‘mothership’ has seen the launch of several impressive new concession boutiques as the flagship sees an incredible transformation.

RECENT RETAIL INSIDER VIDEOS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

RECENT ARTICLES

BRIEF: Golden Goose Opens 1st Store, David Rocco Opening Yorkville Wine Bar

Other News: Victoria's Secret closing more Canadian stores, Birks launches luxury brand Tudor watches, survey looks at female entrepreneurs.

Aesop Expanding Canadian Store Operations with Multiple Storefronts Over 12 Months

The brand could open as many as five Canadian boutiques this year amid an ongoing expansion that includes new markets.

Canadian Retail 2020 Winners and Losers: Ed Strapagiel Analysis

Strapagiel provides his yearly analysis of Canadian retail sales data from StatsCan.

Subscribe

* indicates required
Get Connected

MOST-READ ARTICLES

International Retailers Continue to Enter Canadian Market Despite Pandemic [List/Analysis]

Retail Insider analysis of the international retailers that have entered Canada over the past 12 months as the industry looks to an uncertain future.

Canadian Footwear Brand Maguire Opens First Toronto Store

The Montreal company anticipates lower rents and as a result, plans to selectively open more locations while also significantly growing e-commerce.

Big Changes Coming for Canadian Grocery in 2021 and Beyond: Expert

Expansion of omnichannel development and greater use of predictive analytics and machine learning to help shape the grocery experience of tomorrow.
- Advertisement -
- Advertisement -
- Advertisement -