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Brian Sozzi: Lululemon slashes guidance and delays new CEO start to September
Brian Sozzi, reporter / analyst at Yahoo Finance, points out that Lululemon has reduced its guidance and appointed a new CEO in April who will start on September 8.
He highlights continued poor product assortments over the past year and an increase in discounts. Sozzi also remarks that younger consumers are willing to spend $120 on competing brands such as Alo.
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Sozzi has previously reported on major developments across industries. He noted that Bernstein estimates SpaceX could require $50 billion to $130 billion to establish a mobile phone business, according to a past article. In another update, Sozzi tracked the largest monthly increases in corn, wheat, and sugar futures in several years, detailed in recent commodity market coverage.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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