Lolë to Erode Lululemon Market Share with Canadian Store Expansion
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.
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… Read the rest of the article via our friends @Retail – Insider