added by sari · updated 2y ago
Not Found
- Lululemon has one of the best owned-distribution platforms in the world. They have 489 company-owned stores that do extremely well. In 2019, their sales per square foot were $1,657, compared to the retail industry average around $325, giving them the highest sales per square foot in all of apparel.
from Not Found by Adam Keesling
sari added 3y ago
- If lululemon were buying a standalone hardware business, I’d be skeptical of their ability to turn it into a stream of subscription revenue. But Mirror immediately gives lululemon a monthly charge on consumers’ credit cards, something they didn’t have before.
from Not Found by Adam Keesling
sari added 3y ago
- Apparel companies don’t have a good history buying technology companies. The most notable example is Under Armour with the purchase of MyFitnessPal, Endomondo and MapMyFitness.
from Not Found by Adam Keesling
sari added 3y ago
- Mirror isn’t a typical hardware company: they designed their business with recurring revenue in mind. While Sonos, GoPro and Fitbit struggled (well, are struggling) to start a product line that earns recurring revenue, companies like Mirror were built for it from the start. For $39 per month, subscribers get access to live and on-demand workout cla... See more
from Not Found by Adam Keesling
sari added 3y ago