Summary of LULULEMON ATHLETICA INC.

Item 2.02. Results of Operations and Financial Condition.

On December 6, 2012, lululemon athletica inc. (the "Company") issued a press release announcing its financial results for the third quarter ended October 28, 2012 and certain other information. A copy of the Company's press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. As previously announced, the Company has scheduled a conference call for 9:00 a.m. EST on December 6, 2012 to discuss financial results.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 4, 2012, the Board of Directors of the Company increased the size of the Board of Directors from nine to ten members and appointed William H. Glenn as a Class III director to fill the newly-created vacancy. Mr. Glenn will serve as a member of the class of directors whose terms expire at the 2013 Annual Meeting of Stockholders and until such time as his successor is duly elected and qualified, or until his earlier resignation or removal. The Board of Directors has determined that Mr. Glenn is "independent" as contemplated by The Nasdaq Stock Market and other governing laws and applicable regulations. Mr. Glenn's compensation for his service as a director will be consistent with that of the Company's other non-employee directors, as described in the Company's definitive proxy statement filed with the Securities and Exchange Commission on April 25, 2012, except that prior to the Company's 2013 Annual Meeting of Stockholders he will receive a pro rata portion of the annual restricted stock grants made to non-employee directors. Mr. Glenn will also enter into the standard form indemnification agreement for directors and certain officers (which was previously filed as Exhibit 10.16 to the Company's Registration Statement on Form S-1 dated July 9, 2007, Registration No. 333-142477).

There is no arrangement or understanding between Mr. Glenn and any other person pursuant to which he was selected as a director. There are no relationships between Mr. Glenn and the Company or its subsidiaries that would require disclosure pursuant to Item 404(a) of Regulation S-K.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.       Description

   99.1           Press release entitled "lululemon athletica inc. Announces Third
                  Quarter Fiscal 2012 Results," issued on December 6, 2012.

   99.2           Press release entitled "lululemon athletica appoints William H.
                  Glenn to its Board of Directors," issued on December 6, 2012.