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Lululemon shares plummet 40 percent - with no sign of recovery

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Newstalk ZB,
Publish Date
Wed, 19 Jun 2024, 8:01pm

Lululemon shares plummet 40 percent - with no sign of recovery

Author
Newstalk ZB,
Publish Date
Wed, 19 Jun 2024, 8:01pm

Former market darling Lululemon's been having a rough year, with shares plummeting 40 percent in 2024.

The famed athleisure brand is experiencing a drop in popularity after five years of steady growth.

Milford Asset Management's Stephanie Batchelor says this is down to inventory missteps and people turning away from discretionary spending.

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