Lululemon is everywhere and that's a problem

Jan 9 2023 by Business Insider

 
Lululemon expects gross margin to be down 90-110 basis points following the holiday season.

Jeffrey Greenberg/Universal Images Group via Getty Images

Lululemon relied on heavy promotional activity to clear 85% higher inventory during the holidays. At the ICR conference, Lululemon said it now expects gross margin to be down 90-110 basis points. Wall Street is now questioning its efforts outside of apparel, including in sneakers and fitness. 

Lululemon says it expects to make less despite...

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