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lululemon athletica Appoints Duke Stump as Executive Vice-President, Community and Brand

Stump to drive global brand awareness and quality of guest experience

VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 4, 2014-- lululemon athletica inc. [NASDAQ:LULU] today announced that Duke Stump has been appointed to its senior leadership team as Executive Vice-President, Community and Brand effective December 1, 2014. Mr. Stump will be responsible for continuing to build an authentic and differentiated global Brand and Community experience, and amplifying lululemon’s global impact. He will report to the Company’s Chief Executive Officer, Laurent Potdevin.

“This is an exciting step in the evolution of the lululemon brand,” said Potdevin, “and we have full confidence that Duke’s leadership will help deepen our connection with our guests and our communities as we continue on our path of global growth.”

Throughout his experience in the athletic retail industry, spanning 20 years of executive leadership at Nike and Easton Sports, Mr. Stump has demonstrated how maximizing people’s potential and being honest with guests can re-imagine a brand and build its community. Beyond being known as an originator of top brands, Stump is also passionate about cultivating cultures with mission and purpose. In 2006, Stump transitioned to Seventh Generation as Chief Marketing Officer to expand on his passion for shaping and defining corporate responsibility, paving the way for a career determined to spread the notion that doing well and doing the right thing are not mutually exclusive. In 2008, he moved into the role of Principal and Chief Architect at The Northstar Manifesto, a company committed to helping others become “bonfire” brands, emphasizing the role that a business conscience can play in propelling brands further on the road to growth and sustainability.

Mr. Stump and his family live on a farm in Ojai, California, and he looks forward to relocating to Vancouver. He is an athlete, having played pro hockey in Sweden. He loves running and cycling, has completed an ironman triathlon, and enjoys a wide variety of outdoor activities. He is passionate about bright minds and bright ideas, having co-founded the DO Lectures US, and actively serves on several boards, including the Biomimicry Institute.

About lululemon athletica inc.

lululemon athletica (NASDAQ:LULU) is a yoga-inspired athletic apparel company that creates components for people to live long, healthy and fun lives. By producing products that help 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.

Forward-Looking Statements:

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions, such as statements regarding our future financial condition or results of operations and our prospects and strategies for future growth. In many cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "outlook," "believes," "intends," "estimates," "predicts," "potential" or the negative of these terms or other comparable terminology. These forward-looking statements are based on management’s current expectations but they involve a number of risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements as a result of risks and uncertainties, which include, without limitation: our ability to maintain the value and reputation of our brand, including any negative publicity regarding our products or the production methods of our suppliers or manufacturers; the acceptability of our products to our guests, including receiving products that comply with our technical specifications and quality standards; our reliance on and limited control over third-party suppliers to provide fabrics for and to produce our products; an economic downturn or economic uncertainty in our key markets; our exposure to various types of litigation; increasing product costs and decreasing selling prices; our ability to anticipate consumer preferences and successfully develop and introduce new, innovative and updated products; our ability to accurately forecast customer demand for our products; any unforeseen disruption of our information systems; any material disruption of our information systems; our ability to manage our growth and the increased complexity of our business effectively; the fluctuating costs of raw materials; our ability to expand internationally in light of our limited operating experience and limited brand recognition in new international markets; our highly competitive market and increasing competition; our ability to deliver our products to the market and to meet customer expectations if we have problems with our distribution system; our ability to protect our intellectual property rights; our ability to cancel store leases if an existing or new store is not profitable; increasing labor costs and other factors associated with the production of our products in China; our ability to successfully open new store locations in a timely manner; our ability to comply with trade and other regulations; the continued service of our senior management; seasonality; fluctuations in foreign currency exchange rates; the operations of many of our suppliers are subject to international and other risks; our ability to source our merchandise profitably or at all; and other risks and uncertainties set out in filings made from time to time with the United States Securities and Exchange Commission and available at www.sec.gov, including, without limitation, our most recent reports on Form 10-K and Form 10-Q. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. The forward-looking statements made herein speak only as of the date of this press release and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances, except as may be required by law.

Source: lululemon athletica inc.

Investor:
ICR, Inc.
Joseph Teklits/Jean Fontana, 203-682-8200
or
Media:
ICR, Inc.
Alecia Pulman, 203-682-8224

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding lululemon athletica inc (PR)'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.