Lululemon Is Opening Its First Detroit Store, Joins Downtown's Retail Avenue

Detroit is putting on its yoga pants.

Lululemon Athletica inc. LULU is opening its first store in the city this fall.

The athletic wear maker joins a line of national retailers who have opened locations on Woodward Avenue in downtown Detroit.

They include Nike Inc NKE, Under Armour Inc UAA, the men’s clothing designer John Varvatos, menswear retailer Bonobos, the Wal-Mart Stores Inc WMT-owned Moosejaw and eyewear retailer Warby Parker. Lululemon’s Detroit store will be located at 1459 Woodward Ave.

The news was announced by Bedrock Detroit, the real estate arm of Dan Gilbert’s Rock Ventures.

“With their community-focused approach, our Woodward Avenue retail district is the ideal location for lululemon. Their team is eager to be part of Detroit’s inspiring success story and partner with local artists, yoga studios, gyms and fellow businesses,” Bedrock said in a Tuesday statement.

Lululemon signed on this year as a sponsor of the weekly Slow Roll group bike ride in Detroit.

Related Links:

JPMorgan Chase's $150 Million Detroit Investment: Repair, Revitalize, Reinvest

The American Dream In One Minute: 'Shark Tank' Casts A Net For Entrepreneurs In Detroit

Image credit: Phillip Pessar, Flickr

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsBedrock DetroitBonobosDan GilbertJohn VarvatosMoosejawWarby Parker
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!