Finance1h ago
Lululemon shares dive on risks of prolonged overhaul under new CEO
Lululemon shares plunged about 20% after the athleisure company cut its full-year forecast for the second time. Investors are weighing a potentially lengthy turnaround under incoming CEO Heidi O'Neill as the company struggles with weaker sales, shrinking margins, promotions and rising competition from brands including Alo Yoga and Skims.
This story was originally reported by Economic Times โ Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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