preview

Lululemon Essay

Satisfactory Essays

General Environment
In analyzing the general environment of Lululemon the following factors are most important for the company to understand these factors and the trends within them: technological factors, political factors, sociocultural factors, and demographics. Through better understanding the effects of the factors in the industry and the company they can analyze the threats and opportunities within the factors and change their strategies to align them as necessary.
Technological Factors
Today, more than ever before, technology and businesses go hand in hand as the population relies on having access to online shopping and online socializing. For consumers it is efficient and convenient to be able to do their shopping with the click of a button in the comfort of their houses. Therefore, improving e-commerce sales …show more content…

Through its constant want for growth and expansion in countries Lululemon must remain aware of the implications the regulations could take on their financials through interacting in different nations with their local governments.
Sociocultural Factors When analyzing the sociocultural factors, it is particularly important to pay close attention to what society values in terms of trends. Today’s population still looks at the “athleisure” trend to be in the comfort of their workout clothes, but also being comfortable enough to wear it throughout the day. As mentioned before, Lululemon has suffered from backlash due to controversial misconduct from their former CEO and from statements made from their founder. Therefore, now it is more important than ever for it to not give reasons to customer attitudes by tainting their brand image. Through this, it shouldn’t only focus on the conduct of management, but also how the behavior of their suppliers and third-parties they work with could potentially reflect on the company as well.

Get Access