Lululemon is quickly becoming a Beloved Brand, with an extremely loyal following that love not only how the brand makes them feel (healthy, comfortable, free) but also love the product which is reliable, ethical and of a high quality.
At the core of Lulu’s Brand DNA is Yoga. Yoga has a balance of rational and emotional benefits–and Lulu shares most of those same balances. And now, there’s a growing movement in Ottawa with free Yoga on Canada’s Parliament Hill that has attracted crowds of up to 1,000 people so far with a goal of reaching 5,000 on August 15, 2012. What a great event.
Instructors come from the local Lululemon store and encourage yogis of all skill.
The idea started six years ago as a true grass-roots movement with six people taking their yoga mats up to Parliament Hill. Classes are every Wednesday, from 12 noon to 1pm throughout the summer. So get out there!
Every Lululemon store offers free yoga classes. They close down the store, throw down the mats and go to it. Lulu has also come up with innovative “pop up” Yoga classes and has an on-line program called “Gift of Yoga” with 20 minute yoga class videos on you tube.
Lululemon has been staying true to the Brand DNA and has carefully expanded the brand without going too far, too fast. As a result of being authentic the brand, Lulu has managed to connect powerfully with their consumers. Without a lot of advertising spend, Lulu’s success comes from word-of-mouth and experience with the brand. That makes events like the Parliament Hill yoga classes even more powerful. With revenue at $1 Billion, more than double two years ago and four times the size it was back in 2008. While most brands expand with a focus on revenue now and profits later, Lulu has done it the smart way, seeing profit margins going up steadily during the growth, going from 13% in 2010 up to 18.3% in 2012. That’s a sign of a powerfully connected brand and intelligent brand expansion that other brands can learn from.
To learn more about this type of thinking, you should explore my new book, Beloved Brands.
With Beloved Brands, you will learn everything you need to know so you can build a brand that your consumers will love.
You will learn how to think strategically, define your brand with a positioning statement and a brand idea, write a brand plan everyone can follow, inspire smart and creative marketing execution and analyze the performance of your brand through a deep-dive business review.
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Beloved Brands: Who are we?
At Beloved Brands, our purpose is to help brands find a new pathway to growth. We believe that the more love your brand can generate with your most cherished consumers, the more power, growth, and profitability you will realize in the future.
We think the best solutions are likely inside you already, but struggle to come out. Our unique playbook tools are the backbone of our workshops. We bring our challenging voice to help you make decisions and refine every potential idea.
We start by defining a brand positioning statement, outlining the desired target, consumer benefits and support points the brand will stand behind. And then, we build a brand idea that is simple and unique enough to stand out in the clutter of the market, motivating enough to get consumers to engage, buy and build a loyal following with your brand.
We will help you write a strategic brand plan for the future, to get everyone in your organization to follow. It starts with an inspiring vision that pushes your team to imagine a brighter future. We use our strategic thinking tools to help you make strategic choices on where to allocate your brand’s limited resources.
Our brand playbook methodology will challenge you to unlock future growth for your brand
- Our deep-dive assessment process will give you the knowledge of the issues facing your brand, so you can build a smart plan to unleash future growth.
- Find a winning brand positioning statement that motivates consumers to buy, and gives you a competitive advantage to drive future growth.
- Create a brand idea to capture the minds and hearts of consumers, while inspiring and focusing your team to deliver greatness on the brand’s behalf.
- Build a brand plan to help you make smart focused decisions, so you can organize, steer, and inspire your team towards higher growth.
- Advise on advertising, to find creative that drives branded breakthrough and use a motivating messaging to set up long-term brand growth.
- Our brand training program will make your brand leaders smarter, so you have added confidence in their performance to drive brand growth.
To learn more about our coaching, click on this link: Beloved Brands Strategic Coaching
To learn more about our training programs, click on this link: Beloved Brands Training
If you need our help, email me at email@example.com or call me at 416 885 3911
You have my personal promise to help you solve your brand building challenges. I will give you new thinking, so you can unlock future growth for your brand.