Because of the swift slope of the economy, it’s no surprise profits are down, even Lululemon’s, but the yoga/activewear market still seems to be sprouting.
With more people super stressing out in a recession, it appears yoga is the soother of choice. But it’s a funny thing, “activewear” retailers don’t really have to depend on that, because also seeing a growth spurt is the group of people buying up the “activewear” dept to present the image of being “active” meanwhile they may have never even set foot in a yoga studio or gym. You may not be fit, but you can look it!
Trying to capitalize on that are your regulars – Lululemon and Lucy Activewear – the higher-end retailers promoting clothes for everyday wear hoping to sneak their way into casual lifestyle wardrobes (after all yoga is pushed as a “lifestyle” no?). And then there are companies like Eddie Bauer (J.Crew, Victoria’s Secret) that are actually developing, or have developed, separate depts to add yoga attire to the repertoire. –> that pic is of Eddie Bauer’s The Perfect Yoga Pant not lulu.
As Sonya Cosentini, a spokeswoman for T.J. Maxx and Marshalls (TJX Cos.) says,
women aren’t buying the clothes to do just yoga — but “also other things like run errands or lounge around the house.”
“It’s all about comfort and finding dual uses for things in your wardrobe,” she said.
Lululemon probably doesn’t have to worry much about the lower end of the yoga clothes world like Target, Old Navy, etc. But when players like Eddie Bauer and the Gap/Athleta marriage come to break up the happy honeymoon, the market is a much tougher nut to crack. Competition can be a good thing, but not when it’s besot with dilution and cheaper knock-offs.
Yoga is still growing in the US evidently. For Eddie Bauer, they’re hoping to grow with it, putting yoga clothes in their 275 stores, and on their website.
Jennifer Black, a Lake Oswego, Ore., retail consultant who describes herself as a physically fit baby boomer, said she’s checked out Eddie Bauer’s yoga line and likes it.
“The fabrics are really nice, and they hold you in,” she said. “For someone who wants that lululemon look but doesn’t want to spend that kind of money, it’s a good compromise.“
Hmm..Lulus might want to push that April e-commerce launch even sooner. How’s tomorrow?
Eddie Bauer sells four styles of women’s yoga pants for between $49.50 and $64.50, tank tops for $29.50 to $44.50, and jackets for $59.50 or $64.50.
Eddie Bauer aims for yoga practitioners with new clothing line [Seattle Times]