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Lululemon cuts outlook again, highlighting to-do list for new CEO
Lululemon shares tumbled about 18% after the athleisure company cut its full-year outlook again and missed quarterly sales estimates. Sales in the Americas fell 8%, while leggings declined about 20%, adding pressure on incoming CEO Heidi ONeill to revive the brand.
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caixinglobal.com
Lululemon’s China Backlash Deepens Sales Slump as Profit Falls
The athletic-apparel maker said second-quarter revenue and net income declined, with weakness on the Chinese mainland following a Great Wall event controversy and adding to…
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economictimes.indiatimes.com
Lululemon cuts outlook again, highlighting to-do list for new CEO
Lululemon shares tumbled about 18% after the athleisure company cut its full-year outlook again and missed quarterly sales estimates. Sales in the Americas fell 8%, while leggings…
