Addition of retail real estate veteran further bolsters retail expansion program
Vancouver, Canada – February 5, 2008 - lululemon athletica inc. [NASDAQ: LULU; TSX: LLL] today announced that Angelia H. Powell has been appointed to its Senior Leadership Team as Vice President of Real Estate Operations. In this newly created role, Ms. Powell will oversee lululemon’s real estate development in North America and on an international basis. She will report to Christine Day, Executive Vice president, Retail Operations.
Ms. Powell possesses 20 years of senior level real estate experience working for specialty retail companies during periods of expansion. She joins lululemon from New York and Company, a $1.2 billion women’s specialty retailer, where she was responsible for new store growth, existing portfolio management, strategic planning and implementation of real estate initiatives. Prior to New York and Company, Ms. Powell was Director, Real Estate, Southwest Region for Limited Brands. Previously, she also served as Director, Real Estate for The Disney Store, Inc. and Williams- Sonoma, Inc., Sesame Street Retail Stores and Gymboree Corporation. She received a Bachelor of Science in Business Administration from East Carolina University.
Commenting on Ms. Powell’s appointment, Robert Meers, CEO of lululemon athletica, said, “Angie’s real estate expertise focused on the specialty retail sector will serve as a strategic advantage as lululemon continues to implement its retail expansion program.”
Ms. Powell will be replacing Larry Gore who will be moving into Merchandise, Planning and Allocations as Senior Vice President.
About lululemon athletica inc.
lululemon athletica (NASDAQ:LULU; TSX:LLL) is a yoga-inspired athletic apparel company that creates components for people to live longer, healthier and more fun lives. By producing products that keep people active and stress free, lululemon believes that the world will be a better place. Setting the bar in technical fabrics and functional designs, lululemon works with yogis and athletes in local communities for continuous research and product feedback. For more information, visit www.lululemon.com.