closer to $20 million per store at the high end of the IPO price, all lease, they don't own the real estate. they expect to open 50 or so more stores in 07 and 08 bringing the average down.C Dick said:I was shocked by the value of the IPO, if I recall correctly, which I probably don't, it was over $1M per store, not big stores. It doesn't seem like that hard a concept to copy.
Nicemassman said:I praise Lulu every time I see a young hotty in tight butted lululemon pants!!!!! HAIL TO THE LULU>