Lululemon is ready to open a retailer in Ocean Metropolis later this summer time.
The athletic apparel company lately signed a lease for the previous Ron Jon Surf Store at 761 Asbury Ave., in accordance with Kristina and Bob Doliszny, house owners of the Ocean Metropolis Actual Property Group at eXp Realty.
“This can be a enormous win for each Ocean Metropolis and lululemon,” Kristina Doliszny stated in a press release, “and the anchor retailer will show to be a recreation changer for the complete Ocean Metropolis purchasing district yr spherical.”
Ron Jon had occupied the location since 2018, initially investing a “appreciable sum of money” to show three smaller storefronts into a bigger anchor retailer over the course of two years, in accordance with the Dolisznys, who additionally brokered that deal. In the end, the retailer got here to outgrow the situation, the Dolisznys stated. The surf store closed this fall. Final month, it opened a 12,000-square-foot store in Ship Backside on Lengthy Seaside Island.
When lululemon opens its doorways in Ocean Metropolis later this summer time, it is going to be the model’s second foothold on the Jersey Shore. The corporate has had a retailer in Avalon, 20 miles away, for the past decade.
The Ocean Metropolis store might be a “vacation spot retailer,” Doliszny stated. It sits on the nook of eighth and Asbury, within the coronary heart of the city’s foremost retail hall, and is on the bottom flooring of a historic building.
Lululemon spokespeople didn’t instantly return a request for remark about their plans for the area.
The high-end athleisure model, identified for its ladies’s leggings, yoga mats, and different attire, is increasing, regardless of consumer anxiety. CEO Calvin McDonald informed analysts that its complete brick-and-mortar sq. footage is set to increase by 10% this yr, in accordance with RetailDive, with the Vancouver-based firm planning to open 10 to fifteen shops within the Americas.
Lululemon at present has eight locations in the region, with shops in Ardmore, Cherry Hill, Dresher, Evesham, Glen Mills, King of Prussia, Newtown, and Philadelphia.
