lululemon Expands International Presence with First Store Opening in Italy
VANCOUVER, British Columbia — lululemon (NASDAQ:LULU) continues to grow its international footprint with the upcoming launch of its first store in Italy, which will be opening in the heart of Milan's iconic shopping district on Saturday, July 19, 2025. Located at Vittorio Emanuele II 24/28, the new store will introduce lululemon's innovative athletic apparel and accessories to the Italian market, furthering the brand's vision to unlock greater possibility and wellbeing for all.
Article content
Article content
The Milan store's full concept will span approximately 5,700 square feet across two floors, offering a thoughtfully curated environment for guests with distinct spaces dedicated to lululemon's signature technical innovations. The two floors will showcase the brand's men's and women's collections – all designed through the lens of high-performance, high-style to support a wide range of activities including yoga, running, training, tennis, and golf.
Article content
Paying homage to Italy's rich design heritage, the store is expected to feature a locally inspired architectural concept that blends traditional craftsmanship with contemporary materials. A standout feature of the new store is anticipated to be the lululemon Glide sculptural façade – a striking visual expression of movement and form. The custom 3-D printed installation is set to draw inspiration from lululemon's iconic Define Jacket pattern, and its flowing geometry is designed to expand and move across the storefront, emulating the properties of fabric on an architectural scale.
Article content
In line with lululemon's omni-channel vision, the Milan store aims to offer a fully integrated guest experience. Guests can enjoy seamless access to the brand's full range via the Endless Aisle BBR (Back Back Room) solution, which is designed to help ensure availability of product beyond what is stocked in-store.
Article content
International visitors will benefit from Global Blue Tax-Free Shopping, further enhancing the guest experience in one of Europe's most popular tourist destinations.
Article content
Strategic Growth Across EMEA
Article content
The Milan store opening marks a significant step in lululemon's international expansion. The brand already operates stores in key markets including the UK, Ireland, Germany, France, Spain, the Netherlands, Norway, Sweden, and Switzerland. Entering Italy is part of lululemon's broader Power of Three ×2 growth plan, which aims to quadruple international revenue from 2021 levels by year-end 2026.
Article content
Building Community
Article content
lululemon is grounded in product innovation, guest experience, and a deep commitment to building meaningful connections. In Milan, the brand expects to engage with the local community through a series of activations planned throughout the year, which may include partnerships with local studios, run clubs, and a new ambassador program. These initiatives are intended to reflect lululemon's holistic approach to wellbeing – supporting the physical, mental, and social health of the community it serves.
Article content
About lululemon
Article content
lululemon (NASDAQ:LULU) is a technical athletic apparel, footwear, and accessories company for yoga, running, training, tennis, golf, and other activities. It creates transformational products and experiences that build meaningful connections, unlocking greater possibility and wellbeing for all. Setting the bar in innovation of fabrics and functional designs, lululemon works with athletes in local communities around the world for continuous research and product feedback. For more information about lululemon's Milan opening and latest product collections, visit eu.lululemon.com or follow @lululemoneurope on social media.
Article content
Forward-looking statements:
Article content
This press release contains forward-looking statements, which reflect lululemon's current expectations and plans. These statements are subject to various risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could affect our future performance are included in our filings with the Securities and Exchange Commission, including our most recent reports on Forms 10-K, 10-Q, and 8-K. We undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of this release.
Article content
Article content
Article content
Article content
Article content
Article content
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CTV News
6 minutes ago
- CTV News
Aircraft maker Textron tops profit estimates on strong aftermarket service, Bell demand
A Textron Flight Systems drone Aerosonde MK 4.7G is displayed at the 50th Paris Air Show at Le Bourget airport, north of Paris, Thursday June 20, 2013. And in background the Predator B drone. (AP Photo/Remy de la Mauviniere) Aircraft maker Textron beat second-quarter profit and revenue estimates on Thursday, helped by strong demand for aftermarket parts and services and growth in its Bell unit. 'In the quarter, we saw revenue growth in both our commercial aircraft and helicopter businesses, as well as in Bell's FLRAA program, now known as the MV-75,' said Textron Chairman and CEO Scott C. Donnelly. Textron's larger aviation segment, which manufactures Cessna and Beechcraft aircraft, delivered 49 jets in the quarter, up from 42 in the second quarter last year. However, its quarterly deliveries of commercial turboprop were down to 34 from 44 last year. The segment's revenue rose 2.9 per cent from last year to US$1.52 billion, aided by higher aftermarket parts and services revenues in the second quarter. The company's Bell unit makes helicopters and tiltrotors, and has benefited from the Bell V-280 Valor program which the U.S. Army designates as the MV-75 future long-range assault aircraft. The unit posted a nearly 30 per cent rise in quarterly revenue to US$1.02 billion. Textron's total revenue rose more than five per cent to US$3.72 billion in the second quarter, compared with estimates of US$3.64 billion, according to LSEG compiled data. Its quarterly adjusted profit stood at US$1.55 per share, compared with the average of analysts' estimates of US$1.44 per share. Textron reiterated its expectation for full-year 2025 adjusted earnings to be in the range of US$6.00 to US$6.20 per share. The Providence, Rhode Island-based firm, however, sees a US$100 million hike in its annual adjusted manufacturing cash flow to be in the range of US$900 million to US$1.0 billion. This incorporates the expected impact associated with recently enacted U.S. tax legislation. --- Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Leroy Leo


CTV News
17 minutes ago
- CTV News
Trump tariffs would hit Hungary hard despite warm relations with MAGA-friendly Orbán
President Donald Trump, left, welcomes Hungarian Prime Minister Viktor Orban to the White House in Washington, on May 13, 2019. (AP Photo/Manuel Balce Ceneta, File) BUDAPEST, Hungary — Hungary's populist prime minister has spent years building a close political relationship with U.S. President Donald Trump and aligning himself with the MAGA movement. But despite Viktor Orbán's success in gaining favor with the culturally conservative and nationalist wing of Trump's administration, his country is poised to be among those hard hit by Trump's tariffs against the European Union. Trump earlier this month announced he would levy tariffs of 30 per cent against Mexico and the EU beginning Aug. 1 — a move that could cause massive upheaval between the United States and the 27-member EU, of which Hungary is a member. As a small, export-oriented economy with major automobile, pharmaceutical and wine industries — some of the main categories of products Europe exports to the U.S. — Hungary will be particularly vulnerable to Trump's tariffs. The duties 'would put the Hungarian economy in a very, very difficult situation, because then the entire possibility for Hungary to export to America would be essentially eliminated,' Péter Virovácz, chief analyst at ING Hungary, told The Associated Press. 'Not the best way to make money' Hungary's largest trading partners are other EU countries like Germany, Italy and Romania, as well as China, but many Hungarian companies export their goods across the Atlantic. Outgoing trade to the United States represents around 15 per cent of all Hungarian exports to countries outside the EU. One such enterprise, a Budapest-based company specializing in Hungarian wine, said it will likely cease doing business in the U.S. altogether if the 30 per cent duty is levied on its products. 'If it's really going to be 30 per cent, then there is no more shipment ... We might just call it a day at the end of the year,' said Gábor Bánfalvi, co-owner of Taste Hungary. Bánfalvi's company has been shipping around 10,000 bottles of premium Hungarian wine per year to the U.S. for about half a decade. With a base in Washington D.C., it exports a range of red and white wines to clients in numerous U.S. states including specialty wine shops and bars. Until now, 'it's been a thin profit margin, but it's been fine because we want Hungarian wine to be available' to U.S. consumers, Bánfalvi said. 'Then came 2025,' he said. When Trump began imposing tariffs on EU exports earlier this year, the cost of Taste Hungary's shipments tripled, Bánfalvi said — price hikes he had to build into the sticker price of the wine. The imposition of 30 per cent tariffs would make exporting 'unsustainable.' 'You just start to think, why are we doing this? Is it really worth it? It's just not the best way to make money,' he said. In total, the value of EU-U.S. trade in goods and services in 2024 amounted to 1.7 trillion euros (US$2 trillion.) Doubts that political ties could soften the blow Hungary's government, a vocal proponent of Trump's 'patriotic' foreign policy prioritizing national interests, has acknowledged that the tariffs would present a challenge. But, careful not to criticize the Trump administration, it has instead blamed the EU, a frequent target of Orbán's scorn, for failing to reach a comprehensive trade agreement with Washington. Confident that his right-wing populist policies would help win him favor with Trump's administration, Orbán said in an interview in April that while tariffs 'will be a disadvantage,' his government was negotiating 'other economic agreements and issues that will offset them.' But Péter Krekó, director of the Budapest-based Political Capital think tank, expressed doubt that political affinities could play a meaningful role in mitigating damage to Hungary's economy caused by Trump's trade policy. 'The unquestionably good bilateral relations simply cannot compensate for the trade conflicts between the EU and the U.S., and as a consequence, Hungary will suffer the tariffs the same way that the EU will,' Krekó said. 'Mutual nationalisms cannot be coordinated in a way that it is going to be a win-win situation.' Car manufacturing and pharmaceuticals Virovácz, the economist, pointed out that Hungary is home to numerous automobile factories for major automakers like Audi and Mercedes. The manufacturing of cars and motor vehicle parts represents an 'overwhelming majority' of the country's total exports, he said. Pharmaceuticals make up an even larger share of Hungarian exports to the United States — an industry on which Trump this month threatened to impose 200 per cent tariffs. That 'will essentially kill European and thus Hungarian exports to America,' Virovácz said. 'It's impossible for tariffs to be levied on EU products but not on Hungarian ones,' he said. 'A theoretical option is that Trump could somehow compensate Hungary because he's on good terms with the Hungarian political leadership, but if that only starts happening now, it's way too late.' Krekó, the political analyst, said Trump's administration 'gives practically nothing for free. If Hungary ... cannot fulfill the interests of the U.S., then I think Hungary is not going to receive gifts.' 'Hungary just doesn't have the cards, to use Trump's terminology,' he added. Justin Spike, The Associated Press


Globe and Mail
36 minutes ago
- Globe and Mail
Like the Fed, European Central Bank holds off on rate cuts amid tariff upheaval
FRANKFURT, Germany (AP) — The European Central Bank left interest rates unchanged Thursday, hitting pause on rate cuts amid uncertainty over US President Donald Trump's tariff onslaught and high-stakes trade talks marked by threats of drastically higher import taxes on European goods. Bank President Christine Lagarde said the current economic environment and the potential impact of higher tariffs was 'exceptionally uncertain." Higher tariffs could slow investment, growth and inflation - or they could be inflationary by disrupting existing supply chains for parts and raw materials. 'The sooner this trade uncertainty is resolved ... the less uncertainty we will have to deal with," she said. 'And that would be welcome by any economic actors, including trade tensions are resolved in short order, it will clear some of the uncertainty that we have weighing on the decision-making of consumers, of investors, of, untold enterprises." 'You could argue that we are on hold, we are in this wait and watch situation.' The central bank for the 20 countries that use the euro is facing the same dilemma that has led the U.S. Federal Reserve to hold off on cutting rates further: it's hard to tell how high the tariffs will end up after fraught negotiations, and what the ultimate impact will be on the economy. Fed Chair Jerome Powell has been harshly criticized by the Trump for delaying rate cuts. For his part, Powell has said the Fed wants to see the impact of the duties on prices and the economy before making any rate changes. The ECB has already cut rates eight times since June of last year. The monetary authority for the 20 countries that use the euro currency has been lowering rates to support growth after raising them in 2022-2023 to snuff out inflation caused by Russia's invasion of Ukraine and the rebound after the pandemic. With the bench mark rate now at 2%, down from a record high of 4% Analysts say a rate cut in September is a possibility but not a certainty. The reason: ECB's policymakers simply don't know the outcome of talks between the EU's executive commission and the Trump administration. Trump first set a 20% tariff for EU goods, then threatened 50% after expressing displeasure at the pace of talks, then sent the EU a letter informing officials of a potential 30% tariff. EU officials earlier held out hope of winning at least the 10% baseline that applies to almost all trade partners, and analysts think that the actual rate may be lower than Trump's tariff threats. The talks are up against an Aug. 1 deadline, but earlier deadlines have slipped as the sides kept talking. Higher tariffs, or import taxes, on European goods would mean sellers would have to either increase prices for U.S. consumers - risking loss of market share - or swallow the added cost in terms of lower profits. In either case, higher tariffs would hurt export earnings for European firms and slow the economy, which would strengthen the case for another rate cut in September. The ECB's rate cuts have helped support economic activity by lowering the cost of credit for consumers and businesses to purchase goods. Higher rates have the opposite effect and are used to cool of inflation by reducing demand for goods. Growth in the eurozone was relatively strong at 0.6% in the first quarter - though that was partly due to rushed shipments of goods trying to beat the tariffs. Inflation has fallen from double digits in late 2022 to 2% in June, in line with the ECB's target. A stronger euro, which lowers the price of imports, and softer global prices for oil have helped keep inflation moderate.