lululemon athletica (LULU) Said to Have Talks with Alibaba (BABA) on 'New Retail' Vision - WWD
lululemon athletica (NASDAQ: LULU) CEO Laurent Potdevin confirmed he had preliminary talks with Alibaba (NYSE: BABA) executives, including Jack Ma, on its role helping Alibaba achieve its vision of "new retail," according to Women's Wear Daily earlier. The vision includes leveraging its digital marketplace into the physical world. There is no conclusion yet on what the final physical formal could entail.
Potdevin said a serious of shops like most malls isn't the answer and described huge spaces dedicated solely to experiences and services. For lululemon, dedicated area would likely incorporate space for yoga classes.