November 23, 2024

Lululemon’s diagnosis of its current woes? Not enough ‘newness.’

 Lululemon’s diagnosis of its current woes? Not enough ‘newness.’

Lululemon’s diagnosis of its current woes? Not enough ‘newness.’

Shares of Lululemon Athletica fell after hours on Thursday after the yoga-wear maker and retailer cut its full-year outlook, further fueling Wall Street’s worries that the years-long trend toward athleisure has run its course.