The core Lulu customer is a 25-35 yr old urban well educated female...who is in the move up phase of her career. She has not been impacted by low wage growth. Nor is she influenced by the stock market. She has a great deal of disposable income... And a healthy active lifestyle is a part of that.
The biggest drag on overall retail sales has been housing... And there is mounting evidence of recovery. Especially in California - the 8th or 9th largest economy in the world.