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Lululemon has weathered countless challenges to its dominance in premium athletic casual wear, a category it invented years ago. It has done so with a steady stream of new products and lots of R&D into fabric development. The retailer this year bought home fitness system Mirror, telegraphing a longer-term move beyond apparel as it looks to continue the fast growth that has seen sales double to $4 billion in the past four years.

Miguel Candela—SOPA Images/LightRocket via Getty Images
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