Lululemon shares sink 17% after retailer notes 'slowdown' in U.S. business

VANCOUVER — Lululemon Athletica Inc.'s stock dropped roughly 17 per cent in Friday morning trading and remained down into the afternoon as the market reacted to financial results released the day before.

Despite the increase, executives said the period ended Jan. 28 was marked by softness in the U.S. market. He says the company will look further into how its product assortment and strategies could better satisfy the younger demographic.

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