- Lululemon Athletica Inc LULU is planning to launch in Spain by opening stores in Madrid and Barcelona.
- It will also launch a local e-commerce site in Spain.
- The company enters Spain as the first new market in Europe since 2019.
- In September, lululemon will open its retail locations in Calle Serrano and Paseo de Gracia shopping districts.
- Lululemon currently operates almost 40 stores and three local language sites in eight countries in Europe- France, Germany, Ireland, the Netherlands, Norway, Sweden, Switzerland, and the U.K.
- Price Action: LULU shares are trading higher by 6.15% at $279.57 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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