Alo Yoga plans new 7,500 sq ft store in downtown Seattle
What happened
Alo Yoga is planning to open a new two-level, 7,500-square-foot retail store in downtown Seattle, moving into the former Old Navy building at 511 Pine St. This location would be Alo Yoga's second store in Washington, following its Bellevue location.
From kiro7.com
Why it matters
The expansion places Alo Yoga in direct competition with Nike and Lululemon in the athleisure market. The move occurs amid concerns that downtown Seattle's economy is shifting downward, citing issues with the cost of running a business and public safety.
From kiro7.com
Who's involved
- Alo YogaAthletic apparel retailer planning the expansion into Seattle
- SeattleCity where the new retail location is planned
- NikeDirect competitor in the athleisure market
- Lululemon AthleticaDirect competitor in the athleisure market
- AthletaDirect competitor operating within the athleisure market
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Essex Property Trust, Inc.Speculative
Essex Property Trust, Inc. might see a change in market price due to a high-profile tenant securing the property.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Alo Yoga's new Seattle store requires city council reviewThe city council may need to review permits for Alo Yoga's new downtown storePossible
- Alo Yoga's new Seattle store could challenge Lululemon's market shareAlo Yoga's new Seattle store may increase competitive pressure on Lululemon's market share.Possible
- Alo Yoga's new Seattle store could challenge Nike's market shareAlo Yoga's new Seattle store may increase competitive pressure on NikePossible