Lululemon opens first Israel retailer

May 26, 2023 | blog

Canadian athletic attire retailer Lululemon has opened its first retailer in Israel at an funding of NIS 10 million. The 550 sq. meter retailer is within the Ramat Aviv Mall in north Tel Aviv. Over the following three years, Lululemon plans to open seven extra shops in Israel together with two extra shops in Tel Aviv, and in mid-2024 the retailer will launch an ecommerce web site in Israel. Until then Lululemon model items might be purchased on the Factory54 web site, as a digital shop-in-shop.

The Irani Group, which has been awarded the unique franchise for Lululemon in Israel, says that costs of things in Israel will probably be solely 5% larger than within the US.

Irani Group proprietor Roni Irani stated, “For probably the most half, an American model is bought on the US market at considerably cheaper costs than the remainder of the world. We have achieved a revolutionary value, we will probably be on common larger than the worth in New York, regardless that VAT (gross sales tax) there’s 8%, however at a lower cost than in Dubai.

Lululemon was based in 1998 in Vancouver, Canada by Chip Wilson. The firm operates 600 shops worldwide.

Published by Globes, Israel enterprise information – – on May 17, 2023.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2023.

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