Vp, Regional Merchandising, Women's, North America
2 months ago
COMPANY BACKGROUND
lululemon’s purpose - we elevate human potential by helping people feel their best - is as dynamic as the company’s history and current momentum.
From our roots in Vancouver, Canada, lululemon has growth across the globe and through new channels to serve guests worldwide. Today, lululemon is a publicly traded (LULU) $9.6B global business with more than 35,000+ employees and over 710+ stores across four continents and 25 regions. lululemon’s products include Performance Apparel for women and men (pants, shorts, tops, jackets) for healthy activities such as yoga, running, training, and most other activities, On the Move Apparel (OTM) for women and men (RTW tops, bottoms, outerwear, knits and wovens), Accessories (bags, socks, underwear, yoga mats/equipment, and water bottles), and most recently, footwear.
The power of our brand translated to growth across regions in 2023, with revenue in the Americas increasing 12%, China Mainland up 67%, and other international markets combined growing 43%, compared to 2022. We have an impressive funnel of innovation, our opportunity to increase our brand awareness remains significant, and we will continue to grow and optimize our store base both within the Americas and around the world.
Our Essentials membership program in North America has grown to more than 17 million members in the first year, and we were proud to see the China Mainland business approach the $1B mark in 2023, as the region celebrated their 10-year anniversary. In 2023, we entered new markets in EMEA and APAC and ended FY23 with 711 company-operated stores worldwide, adding 56 net new lululemon stores since Q4 of 2022.
In the second quarter of 2024, net revenue increased 7% to $2.4 billion and diluted earnings per share increased 18% versus last year to $3.15. Across International, our business remained strong with consolidated revenue up 29% across Mainland China, APAC, and EMEA.
Our Impact / Impact is an essential part of our culture and underpins our business strategy. Guided by our Impact Agenda, we approach this work holistically through three pillars that address the interconnection of our products, people, the communities we serve, and our planet.
- Be Human / We are taking thoughtful steps towards a more equitable and inclusive future. We are committed to reflecting the diversity of communities we serve and operate in through our IDEA work, investing in our people with full pay equity, holistic benefit offerings, and leadership development, as well as supporting and empowering the makers across the supply chain.
- Be Well / As a global company committed to helping people feel their best, we are leveraging our business, expertise, resources, and communities to invest in and advocate for the wellbeing of those most impacted by systemic inequity around the world. Our goal is to provide access to wellbeing tools and resources to more than 10 million people by 2025.
- Be Planet / To create a healthier planet, we are innovating to create more sustainable materials and working to advance a circular ecosystem. Across our value chain, we are also reducing our carbon, waste, and water footprint, and improving chemicals management through science-based targets.
MERCHANDISING AS A DRIVER OF lululemon’s FUTURE
lululemon aspires to be the best merchant in modern retail. We have always prided ourselves on creating beautifully crafted, high-quality products that both surprise and delight lululemon’s guests, while also offering innovative apparel solutions. As lululemon continues to expand into new categories, geographies, and on/offline experiences, we aspire for lululemon to achieve what we believe no other retailer has done well before - grow exponentially as a company without compromising quality of product.
The VP North America Merchandising, Women’s will bring an enhanced understanding of Her and building business acumen to lululemon, in a way that accelerates what is possible from a product, design, and distribution standpoint. The VP will be a Strategic Thought Partner to Global Merchandising, North America Retail, Brand Marketing, and Planning & Allocations ensuring that these teams are never at odds, but rather a dynamic extension of one another. You are a business builder responsible for flawless execution at scale, charged with determining how lululemon shows up to Her wherever she shops in North America. You are both an Architect and a Builder, who will help commercialize lululemon’s vision, and develop a clear merchandising strategy and oversee its execution in North America.
TITLE
Vice President, North America (NA) Merchandising, Women’s
LOCATION
The VP NA Merchandising, Women’s will be based in Vancouver, Canada.
REPORTING STRUCTURE
**Reporting + Direct Reports**: The role is a direct report into our SVP, Regional Merchandising, North America and will oversee a team of 30+ FTEs.
**Peer Relationships**: The VP NA Merchandising, Women’s will sit on the Merchand
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