Hoarding shows the new store next to the existing location. Photo: Darrell Bateman
The world’s top-selling Lululemon store will soon double in size, with hoarding indicating that the new location will open ‘late winter 2015’. The store is one of Canada’s most productive retail spaces.
Currently measuring 3,585 square feet, West Edmonton Mall‘s Lululemon does over $25 million in annual sales. Two adjacent retail spaces, formerly occupied by Oakley and Mexx, will merge to create the new 6,970 square foot Lululemon store. Sales at the current location are in excess of $7,000 per square foot annually. If the new location were to achieve similar sales, it could see sales in the $50 million range — higher than most suburban department stores, and one of the highest-selling stores in Alberta.
Located on the second level of the mall’s ‘Phase II’, Lululemon enjoys substantial foot traffic. Across the hall is a busy Apple Store and two doors down, Vancouver-based Kit and Ace will soon open a permanent, 2,900 square foot store in the mall’s former Smart Set space. Kit and Ace was founded by Lululemon founder Chip Wilson’s wife, Shannon, and son, JJ.
Canadian Retail News From Around The Web: October 26, 2015
