Lululemon is a multibillion-dollar leader in the high-end active wear category that owns and operates 600 stores, 40 of which are located in Europe. Its roots date back to 1998 when it opened as "Lululemon Athletica," a yoga-wear brand geared toward women and yoga enthusiasts.
Today's success does stand in contrast to challenges it has seen in the past with unsteady leadership, product mishaps and supply chain delays. For example,after a series of inflammatory remarks about its new line of leggings. That set off a consumer controversy. Now, inflation is seen as a looming risk to that double-digit growth.
The CEO always the cheerleader
Of course not! Your customers are living off their husband’s margin loan which is increasing daily hoping the market will rebound!🤣
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Lululemon stock drops after retailer reports mixed quarterly results, high inventoriesLululemon Athletica Inc. stock fell in the extended session Thursday after the athleisure-wear maker reported mixed quarterly results, saw inventories soar,...
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Lululemon sees downbeat quarter as inflation-hit consumers turn cautiousLululemon Athletica Inc on Thursday forecast holiday-quarter revenue and profit largely below analysts' estimates, as shoppers turn cautious about spending on higher-priced clothing amid decades-high inflation, sending its shares down 6%. Not to mention that they’re ridiculously overpriced! I am just not a fan and spend my money elsewhere
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