Best of Bloomberg Intelligence (03/18/2022)

The transcript discusses Lululemon's strategy to launch a new shoe line, focusing initially on women. It explores the competitive landscape with brands like Nike and Adidas, emphasizing that Lululemon aims to expand its customer base rather than take market share. The financial implications of entering the shoe market, including lower margins, are analyzed. The potential for cross-selling opportunities is highlighted, as well as future plans to target the men's market, acknowledging the challenges posed by brand loyalty.

Discuss the significance of cross-selling in Lululemon's business model as mentioned in the text.

What insights does the speaker provide regarding the loyalty of men to legacy sneaker brands?