Lulu Addict is reporting that Lululemon is raising prices for Canadians as of August 1st to account for foreign exchange. This is infuriating for me as a Canadian as Lululemon was started in Canada but I believe they are also incorporated in Delaware (likely to take advantage of corporate tax rates and foreign exchange). I shopped the Nordstrom Anniversary Sale last week in the US, and then was able to get my items price adjusted in Canada as with the exchange rate, the Canadian prices where actually lower. This was suggested to me by Nordstrom Customer Service. On one end you have a retailer (in a dire retail economic landscape) willing to take a foreign exchange risk to satisfy customers for the long term, and on the other you have a Canadian company thumbing it’s nose at their Canadian customers in order to play in a much larger more profitable market.
Did you know you can get my outfit details right here? Just click on the image you want the details for and it will show you all the items.