Here’s why Lululemon stock is up over 80% this year while the rest of retail struggles: by skleb1234
to sell its products elsewhere, such as at discount retailers like Kohl’s, meaning lower prices for its apparel and shoes.” five-year plan laid out at the company’s investor day in April earlier this year, focusing on product innovation, e-commerce and market expansion. Lululemon aims to double the size of its men’s and digital businesses, as well as quadruple international revenues, all while maintaining double-digit growth in North American and women’s clothing sales.
“There’s very little room for error at this high price,” says Morningstar analyst David Swartz, the only Wall Street analyst who maintains a “sell” rating on Lululemon stock. “It’s being valued kind of like a software company, but it’s an apparel company, and not only that, it’s a brick-and-mortar retailer—and many of those aren’t doing well,” he points out.
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