Lululemon shares sink on disappointing outlook, slowdown in U.S. business

Shares in Lululemon Athletica Inc. were down about 15 per cent in afternoon trading Fridayas investors reacted to lower revenue projections and a U.S. slowdown.

The retailer has also noticed an increase in younger shoppers, which necessitate smaller sizes and covet a wider selection of colours that weren't always on hand. "U.S. consumer softness could partially be attributed to increased competition from upstarts Alo and Vuori," he told investors in a note. This year, the retailer plans to add 35 to 40 net new company-operated stores with many coming in markets outside North America where Lululemon isn't widely known.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Lululemon shares sink 17% after retailer notes 'slowdown' in U.S. businessVANCOUVER — Lululemon Athletica Inc.'s stock dropped roughly 17 per cent in Friday morning trading and remained down into the afternoon as the market reacted...
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »