...Product and company background: Lorna Jane is an Australian active-wear label, which offers the modern-day woman fashionable and high quality sports wear. Lorna Jane Clarkson who, whilst working in Cairns as a dental therapist, discovered that fashionable exercise clothing available for women was limited. This inspired her to create her first fashionable active-wear collection designed to make women not only look good, but to feel great whilst working out (Lorna Jane 2014). Operating for over twenty years now, Lorna Jane is a multi-million dollar award-winning active-wear label designed by women for women. With approximately 180 stores world wide, Lorna Jane has successfully captured the Australian active-wear market (with 140 stores throughout all Australian states) but has also expanded globally. Opening its twenty-third shop in 2013 (Walsh 2014) Lorna Jane has a strong retail presence in the United States, predominately California, and also retails in South Africa, Asia, Canada, the United Kingdom, France and the United Arab Emirates. According to Euromonitor, Lorna Jane holds the ‘third largest sportswear market share in Australia behind Nike and Adidas’ (Peterson 2014), approximately ‘9.4 per cent share of the entire fitness and athletic clothing market in Australia’ (Bailey 2013). In 2010-11, revenues totalled $77.8 million (Bailey 2013), indicating an ‘annualised growth rate above 40 per cent for the past five years’ (Bailey 2013). Sales in 2012-13 exceeded...
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...MKT 302A Final Project – Lululemon Yoga Pants Marketing Analysis University of Phoenix School of Business March 29, 2013 Table of Contents Executive Summary 3 Introduction 3 Objectives 3 Target Markets 5 Situational Analysis 5 Strengths 5 Weaknesses 6 Opportunities 6 Threats 7 Positioning 9 Marketing Mix 9 Product 9 Pricing 11 Place (distribution) 12 Promotion 12 Conclusion 13 Appendix 14 Appendix A 14 Appendix B 15 Comparisons 15 Appendix C 15 Appendix D 16 Appendix E 16 Executive Summary/Introduction Lululemon is a successful company that produces, markets, and sells high end yoga, running and athletic casual wear for women and men. Lululemon was founded in 1998 by a yoga enthusiast, Chip Wilson, who saw a need for high end yoga apparel. Mr. Wilson had prior surf, skate, and snowboard marketing and lifestyle experience. At the time Wilson began experimenting with yoga wear, most patrons of the practice worn cotton clothing that did not remove sweat or allow for maximum flexibility (Lululemon, 2014). Wilson’s first store was in the beach city of Vancouver, BC in 2000. The store doubled as a yoga studio at night. One of the early product promotion and research ideas was to offer free yoga wear to instructors for their feedback. With this Lululemon was born. Lululemon has a brief but effective mission statement: Creating component for people to live longer, healthier, fun lives (Lululemon, 2014). Gaining popularity through...
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...PROJECT IN ENGLISH 2 UNFAMILIAR WORDS Submitted by: John Patrick Sese Submitted to: Ms. Lorna Sacyang A Abase - behave in a way so as to belittle or degrade (someone). Example: I watched my colleagues abasing themselves before the board of trustees Abate - (of something perceived as hostile, threatening, or negative) become less intense or widespread. Example: The storm suddenly abated. Abdicate - fail to fulfill or undertake (a responsibility or duty). Example: The government was accused of abdicating its responsibility. Aberrant - straying from the normal or right way. Example: John’s aberrant behavior is going to get him in a lot of trouble one of these days. Aberration - deviating from what is normal or desirable, not typical. Example: Since I did not properly adjust my camera settings, all of my pictures have a blurry aberration on them. Abet - to encourage or support a behavior or action. Example: The photo editing software is sure to abet my odds of winning the photo competition. Abeyance - a state of temporary disuse or suspension. Example: Immediately following the terrorist attack, pilots had to observe a period of abeyance where they could not depart from the airport. Abhor - to reject something very strongly; hate. Example: We abhor violence against others and respect everyone, regardless of a person's race, color and creed. Abhorrent - causing or deserving strong dislike or hatred. Example: As I looked around the filthy...
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