Lululemon Turnaround Story in Focus

17 days ago

Nora Melinda

"Yeah, it's interesting because if you look at shares of Lululemon, that's ticker LU. We're seeing shares that are down 45% so far this year. It's a brand that's really been struggling in terms of getting broad-based reception, but we are seeing shares pointing a touch higher. Shares are up as much as 1.8% today in trading. And this is after its founder, Chip Wilson, as you mentioned, is pushing for changes to the board before they select a new CEO. So, we're all in following this story as we continue to see whether or not Lululemon is actually able to flush out some sort of turnaround story."

The speaker highlights that Lululemon (LU) has suffered a significant decline of 45% year-to-date but is showing early signs of recovery, with shares rising by 1.8% on the day. The founder's aggressive board changes signal a potential turnaround, prompting the speaker to follow the story closely for future improvements.

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