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REUTERS/Carlos Barria 1/10 left right U.S. President Barack Obama speaks with Italy's Prime Minister Matteo Renzi (L) during their Oval Office meeting at the White House in Washington, U.S., October 18, 2016. REUTERS/Kevin Lamarque 2/10 left right U.S. President Barack Obama speaks with Italy's Prime Minister Matteo Renzi (L) during their Oval Office meeting at the White House in Washington, U.S., October 18, 2016. REUTERS/Kevin Lamarque 3/10 left right U.S. President Barack Obama and first lady Michelle Obama wave from the Truman balcony with Italy's Prime Minister Matteo Renzi and his wife Agnese Landini during an official arrival ceremony on the South Lawn of the White House in Washington, U.S., October 18, 2016. REUTERS/Kevin Lamarque 4/10 left right U.S. President Barack Obama and Italy's Prime Minister Matteo Renzi take part in an official arrival ceremony on the South Lawn of the White House in Washington, U.S., October 18, 2016. REUTERS/Kevin Lamarque 5/10 left right U.S.
EXOlifestyle Inc. ( EXOL ) has also employed the Brand Ambassador mentality of getting well seasoned, higher profile CrossFit athletes behind their product. Elijah Muhammad, Brooke Ence, Noah Ohlsen and even U.S. Olympian Sarah Robles, have gotten behind the companys brand of compression sleeves and wraps geared specifically for CrossFit style exercises. The biggest driver for the industry and for companies within it comes down to switching to old age emphasis from general sportswear to one that zeroes in on a specific athletic demographic. LuLu Lemon ( NASDAQ:LULU ) practically invented the term Athleisure to take the application of yoga pants and distance it from an actual studio and more comfortably placed inside a coffee shop or supermarket. The issue with this is that higher prices and in-store foot-traffic traditionally have driven this brand. With more buyers choosing to stay in their homes while shopping in their yoga-pants in order to buy more yoga pants, LuLu has gotten tripped up in recent quarters in comparison to analyst expectations. Goldman Sachs analyst Lindsay Drucker Mann lowered her price target for Lululemon to $46 per share from $48 per share while maintaining a sell rating. We expect store traffic will remain negative while the tailwind from pricing fades, and see downside risk that traffic weakens further as LULUs core customers branch out into alternative brands." This is where companies that focus specifically on the growing cross-fit niche have gained ground where brand awareness, affordability and, in many cases for investors, profit margins, have played a much bigger role. It also creates an overflow into additional revenue streams from things like hosted events.
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