Lululemon: A Category Leader And Premium Brand Trading Fairly
lululemon(LULU) Seeking Alpha·2024-07-17 05:11
mixetto/E+ via Getty Images Introduction Lululemon (NASDAQ:LULU) cannot seem to catch a break in 2024. Let me list six reasons why I think its share price has plummeted: Shares have fallen by over 40% since the start of the year (they had surged in late 2023 when Lululemon got admitted into the S&P 500) With Lululemon's share price reaching a new 52-week low, investors have capitulated and run for the hills. Chief Product Officer has resigned for a better opportunity, with merchandising missteps in the ba ...