LULU Stock Recent News
LULU LATEST HEADLINES
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.
Price action, especially to the downside, can be scary for some investors. However, a price chart is only part of the real story.
After a 34% decline so far this year, at the current price of around $336 per share, we believe Lululemon (NASDAQ: LULU), a company designing and selling athletic and casual apparel - could likely bounce back in the longer term. LULU saw a stellar performance in FY 2023 (ended Jan. 28).
Top calls today are Lululemon, Chargepoint and US Steel.
Investors with an interest in Textile - Apparel stocks have likely encountered both Ralph Lauren (RL) and Lululemon (LULU). But which of these two companies is the best option for those looking for undervalued stocks?
On Holding is building relationships with its affluent consumer base and generating loyalty and high sales growth. It has a low brand presence in most of its markets and ample room to expand.
Levi Strauss & Co. is benefitting from strong growth in loose-fitting jeans, and one analyst says that could be trouble for Lululemon Athletica Inc.
Is premium athletic apparel entering its flop era?