Nike, Lululemon Sink as Annual Forecasts Disappoint
Nike shares tumbled 8% on Friday after the Air Jordan maker warned of lower sales in its first half as it replaces older styles with trendier sneakers, while Lululemon Athletica sank 17% as demand waned for its premium athleisure. While Lululemon's gloomy forecast spotlights the challenges for retailers as customers reduce discretionary spending due to sticky inflation, Nike's projection signals its efforts to battle newer brands for market share.
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Nike, Lululemon sink as annual forecasts disappoint
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Lululemon shares sink on disappointing outlook, slowdown in U.S. business -March 22, 2024 at 02:59 pm EDT
Nike, Lululemon sink as annual forecasts disappoint
Nike, Lululemon sink as annual forecasts disappoint
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Nike, Lululemon sink as annual forecasts disappoint
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