LULU Stock Recent News
LULU LATEST HEADLINES
Summer is around the corner, meaning fashion stocks are well-aligned. Sure, the “sell in May, and go away” stock market anomaly is worth considering.
lululemon (LULU) is poised for significant expansion with its focus on three key growth drivers, product innovation, guest experience and market expansion.
In the latest trading session, Lululemon (LULU) closed at $364.59, marking a +1.67% move from the previous day.
Given the stickiness in inflation, avoiding consumer discretionary stocks like athleisure is more prudent. However, with U.S. retail sales showing remarkable resilience in the past few months, you should consider betting on the best athleisure stocks.
Recently, Zacks.com users have been paying close attention to Lululemon (LULU). This makes it worthwhile to examine what the stock has in store.
Lululemon (NASDAQ: LULU) stock price has just formed a highly dangerous chart pattern pointing to more downside. After peaking at $515.50 in December, the stock has plunged to $350, a 31% decline.
Lululemon Athletica will close its distribution center in the state of Washington at the end of the year and lay off more than 100 employees, the apparel retailer told Reuters on Friday.
Plenty of companies are clearly taking the cost-cutting approach to their business models in search for efficiencies and margin improvement. Lululemon (NASDAQ: LULU ) appears to be one such company, with news of Lululemon layoffs sending shares of LULU stock higher on the day.
Lululemon is shutting down its Washington distribution center and laying off 128 employees after it opened a massive new warehouse outside of Los Angeles.
If 2024 is any indication, those interested in retail stocks should look to the VanEck Retail ETF (NASDAQ: RTH ) for inspiration rather than the SPDR S&P Retail ETF (NYSEARCA: XRT ). The former tracks the performance of the MVIS US Listed Retail 25 Index, while the latter follows the S&P Retail Select Industry Index.