Lululemon athletica designs and retails technical athletic apparel, footwear, and accessories, employing 38,000 staff and operating globally. Founded in 2007, it offers products for various athletic activities and connected fitness subscriptions.
LULU has been in the news recently: JPMorgan downgraded Lululemon Athletica's stock to neutral and reduced the price target from $303 to $224 due to concerns over growth, as shares have fallen 42% this year. Additionally, Lululemon's U.S. growth outlook has weakened as consumers favor new fabric innovations, postponing key product launches to the latter half of 2025.
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