Reported 5 months ago
Lululemon Athletica Inc. is facing a challenging year as concerns grow over its sales performance, with shares dropping 9.5% this week and declining by 41% so far in 2024. The departure of a key executive has exacerbated Wall Street’s worries about the company's outlook, leading to a reorganization of its merchandising and branding teams. Analysts are eagerly awaiting the company's fiscal first-quarter results to assess its strategy for product development and merchandising, with mixed signals from May sales data. Despite these challenges, Lululemon's level of discounting has improved in May, suggesting potential stabilization in the current quarter.
Source: YAHOO