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Lululemon adds to warnings about consumer spending as stock tanks 15% on weak revenue outlook amid tariff uncertaintyLululemon reported a strong fourth quarter ... outlook for this year based on uncertainty about tariffs and lower consumer spending. Its stock dropped on the lower-than-expected guidance.
Lululemon said, joining Walmart and a myriad of firms that have said fresh levies from U.S. President Donald Trump would hurt their businesses. "Consumers are spending less due to increased ...
The company believes that levies from Donald Trump have hurt their business, as well as lower consumer spending. Calvin McDonald, CEO of Lululemon said “Consumers are spending less due to ...
That said, Lululemon is a consumer discretionary brand subject to the significant pressure of economic consumer spending cycles and changes in trends and demographic habits. There is no guarantee ...
This is evident because not only has Lululemon blamed weak consumer spending for its soft guidance, but other apparel giants, like Nike (NKE), are saying the same thing. In reality, what’s more ...
and found “consumers are spending less due to increased concerns about inflation and the economy.” At Lululemon, low consumer confidence is “manifesting itself” into slower foot traffic in ...
This included a 20-basis-point hit from tariffs, Lululemon said, joining Walmart and a myriad of firms that have said fresh levies from U.S. President Donald Trump would hurt their businesses.
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