Lululemon CEO admits customer 'fatigue' as stock crashes 50% - here's why
Key Points
- Lululemon's stock has fallen over 50% this year due to custo...
Lululemon's stock has face-planted harder than a yoga instructor attempting their first backflip, dropping over 50% this year. The culprit? A perfect storm of customer boredom, fierce competition, and what analysts are diplomatically calling a "downward spiral."
The latest blow came September 26 when Nike dropped their Kardashian Skims collaboration like a surprise earnings report. At 35% cheaper than Lululemon's offerings, it's basically the financial equivalent of your premium grocery store suddenly competing with Costco. Anna Andreeva from Piper Sandler warns this price gap will hit young...
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