What is Lululemon’s marketing Strategy?
What is Lululemon’s marketing Strategy for Canada? Today at BluCactus, we will talk about the marketing strategy of a fashion brand that has done a great job of building a strong community on several platforms. Lululemon is an athletic clothing brand. It is also a Canadian technical athletics company for running, yoga, workout apparel, and accessories. But, what is Lululemon’s marketing strategy? Stay with us to learn more about this brand that makes a difference among many other brands in the same category. Are you ready? Let’s see!
What strategy does Lululemon use?
What is Lululemon’s marketing strategy? The brand has an influencer marketing strategy. Lululemon regularly collaborates with local yoga, wellness, and fitness instructors to represent its brand. The brand creates a space where people can build community by using a section of its stores to host meditation, yoga, and fitness classes. The brand is very innovative and features garments after taking customer feedback seriously. Thanks to that, their clothing line is carefully designed to allow their clients to feel comfortable while working out.
In Lululemon’s marketing strategy, customers are a valuable part. Therefore, the brand knows that customers can be valuable content creators when they are satisfied with their products. Since social media occupies a significant place in marketing, user-generated content is likely to be more trustworthy than branded content. Lululemon’s #TheSweatLife was an example of how a brand can inspire consumers to build their network. Consumers used it as a way to share their achievements and fitness goals on Instagram.
What is Lululemon’s advertising strategy?
What is Lululemon’s marketing strategy? When we talk about Lululemon’s advertising strategy, it’s evident that it considers its community a lot. From that, we can see that the company’s vision for the Lululemon store was to help people get the gear they could sweat in comfortably. The owners didn’t just want to create a brand. They also wanted to create a community hub, a safe space, where people can discuss and learn the physical aspects of fitness, mindfulness, and health. Subsequently, Lululemon built genuine relationships with the people who visit its stores to understand what they are passionate about.
Lululemon demonstrates with its marketing strategy that one of the best ways to build community is to host events in collaboration with local leaders. Lululemon hosts an ambassador program where the brand builds a broad and valuable network online and offline. That way, the brand promotes its clothing while helping its customers achieve their fitness goals. Lululemon also sponsors real-life events like the Sweat Life Festival. It has helped further strengthen the brand’s bond with its customers.
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What are the key elements of Lululemon’s strategy?
The answer is not very long when we think about the main elements of Lululemon’s marketing strategy, due to its focus on the community. In principle, the commercial strategy of the brand is based on promoting its products as pillars of an active and healthy lifestyle. It was a successful strategy for Lululemon. Why? Because the company can put a higher price on its products. People even wear the company’s products as fashion clothes and not just for fitness purposes. For example, in the athleisure style, Lululemon also has an advantage. Lovers of this style add Lululemon clothes and combine them with others that are not related to the fitness world, creating incredible outfits.
Thanks to that, Lululemon sells its products through a network of stores that it owns and operates online and offline. As of December 6, 2018, the company operates 426 stores in the United States. Also, in Australia, New Zealand, Canada, the United Kingdom, and Singapore. Lululemon believes that its stores help the company connect with customers and seek product feedback, while also promoting its brand. Therefore, the main key in Lululemon’s marketing strategy is the community. It has worked well for them because, so far, they are one of the most popular in their target.
What is Lululemon’s target market?
We cannot talk about Lululemon’s marketing strategy without revealing the target audience of the brand. Lululemon’s customers include people in their teens and early thirties, both women and men. Since it sells sportswear, it fits anyone who leads a fitness life.
However, it is also ideal for those who wear an athleisure style. Lululemon’s target audience is mostly yoga or fitness enthusiasts who value work-life balance. They are also typically high-net-worth individuals. They are willing to pay high prices for Lululemon products.
It is also important to mention that Lululemon’s market size is the largest in the US. Still, the brand is sold all over the world.
Who are Lululemon’s competitors?
When talking about Lululemon’s marketing strategy, it is important to highlight its main competitors. After all, they are not the only ones selling sportswear, and it competes with big brands.
Lululemon has indeed been successful with its business model. But still, investors should be aware that the company faces several risks, such as fictitious consumer tastes and a business model that is heavily reliant on vendors.
What’s more, Lululemon faces increasing competition in the sportswear industry from retail giants Nike (NKE), Adidas (ADDYY), and Under Armour (UA). Yet, Lululemon also remains a favorite thanks to its new, high-quality clothing.
What is Lululemon’s marketing Strategy? Lululemon is an example that thinking in the community is one of the pillars of the company’s marketing strategy.
Lululemon engages with its clientele in different ways and takes their opinions and recommendations into account. Don’t forget to subscribe to our newsletter so you don’t miss any of our updates.
Did you know that you have the possibility of taking your brand to success? You need a good marketing strategy. To achieve this, you can contact BluCactus Canada. In this way, you can give visibility to your brand.
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