Nike Just Launched A Direct Threat To Lululemon

The first location opened this week in Newport Beach, California and it has all the trappings of a Lululemon store and more, including a fitness studio, footwear trials, and bra fitting and pant hemming services.

The 6,000-square-foot store will offer yoga classes in the studio, pictured below, as well as running and training clubs, the company says.

"Our women's business has never been stronger and this new store is the ultimate expression of our commitment to women who run, train and live the look of sport and fitness throughout their day," Amy Montagne, the vice president of Nike Women, said in a statement.

Nike expects its women's business to grow faster than its men's business, from $5 billion at the end of this fiscal year to $7 billion by 2017, according to Bloomberg.

Under Armour, which recently surpassed Adidas to become the second biggest sportswear brand in the US, launched its largest-ever global women's marketing campaign earlier this year and signed deals with supermodel Gisele Bundchen and ballerina Misty Copeland.

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