lululemon expects its stores channel to grow in the mid-teens by 2026. Credit: Tiger Mask / Flickr.

Apparel retailer Lululemon Athletica has revealed its plan to double its 2021 revenue over the next five years.

By 2026, the company aims to deliver $12.5bn in revenue, compared to $6.25bn in 2021.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The company reported that its sales rose more than 40% in 2021, driven by strong direct-to-consumer business and overseas growth.

lululemon also announced several longer-term growth targets and cited three main drivers of momentum in the coming years, namely product innovation, customer experience and market expansion.

In the next five years, the company aims to double its men’s business and digital revenues, as well as quadruple international revenues.

See Also:

In addition, lululemon expects its women’s business and North American operations to generate low double-digit compound annual growth rates (CAGR) in revenue over the next five years.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The retailer’s stores channel is expected to grow in the mid-teens.

lululemon chief executive officer Calvin McDonald said: “The success of our Power of Three formula in delivering on our 2023 growth strategy supports our goal to double the business over the next five years.

“We remain early in our growth journey, with our strong product engine, proven ability to create enduring guest relationships, and significant runway in core, existing and new markets.

“Following our compelling track record of delivering against our goals, I am excited about taking our growth strategies to the next level to serve more and more guests around the world.”

lululemon offers apparel and footwear products for yoga, running, training and other activities.

Last April, the retailer announced the lululemon Like New and Earth Dye initiatives.