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Following a more downbeat outlook for the year, Lululemon Athletica Inc. on Thursday said it plans to cure “stale” casual styles with newer ones. But afterward, Wall Street analysts had all kinds of doubts.
They noted that the yoga-wear maker’s
LULU turnaround efforts would take time. They said the hit from U.S. tariffs and the suspension of the so-called de minimis rule — which kept tariffs off cheaper U.S.-bound items and fueled more online shopping — was bigger than expected. And cracks were forming in Lululemon’s business abroad, following what executives called “signs of macro-driven headwinds” in China’s larger cities.
This post was originally published on Market Watch
