Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are a junior analyst and you have been asked to forecast sales for Lululemon for 2012. At the end of 2011, Lululemon operated 145

You are a junior analyst and you have been asked to forecast sales for Lululemon for 2012. At the end of 2011, Lululemon operated 145 corporate-owned stores in North America (42 in Canada and 103 in the United States). Lululemon plans to open 26 new stores in 2012. The average store has 2 comma 659 square feet of retail space. In 2010 Lululemon stores generated sales per square foot of $ 1 comma 734. In 2011, sales per square foot rose to $ 2 comma 001. The growth rate of same stores sales is expected to slow in 2012 to half of the growth rate from 2010-2011. What will total revenues be if the new stores only generate half of the sales of existing stores?

One-half of the growth rate from 2010 to 2011 will be

nothing%.

(Round to three decimal places.)

The forecast sales per square foot for 2012 is

$nothing.

(Round to the nearest cent.)

Sales from existing stores in 2012 will be

$nothing.

(Round to the nearest dollar.)

Sales from new stores in 2012 will be

$nothing.

(Round to the nearest dollar.)

Total sales will be

$nothing.

(Round to the nearest dollar.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Financial Literacy

Authors: Joan S. Ryan , Christie Ryan

3rd Edition

1337412686,1305980697

More Books

Students also viewed these Finance questions