Lululemon Athletica Inc. (LULU)
After hours:
| Previous close | 347.51 |
| Open | 346.96 |
| Bid | 352.32 x 300 |
| Ask | 352.72 x 100 |
| Day's range | 346.40 - 353.10 |
| 52-week range | 326.93 - 516.39 |
| Volume | |
| Avg. volume | 1,883,340 |
| Market cap | 44.414B |
| Beta (5Y monthly) | 1.29 |
| PE ratio (TTM) | 28.89 |
| EPS (TTM) | 12.20 |
| Earnings date | 30 May 2024 - 03 Jun 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 467.72 |
- Reuters
UPDATE 1-Lululemon to shutter Washington distribution center, lay off 128 employees
Lululemon Athletica will close its distribution center in the state of Washington at the end of the year and lay off more than 100 employees, the apparel retailer told Reuters on Friday. The Vancouver-based firm will shutter the Sumner distribution center as part of its business optimization effort and cut 128 jobs beginning June 21, according to a WARN notice filed with the state's Employment Security Department. The move comes at a time when Lululemon is seeing slowing demand for its premium athleisure in North America, where excessive inventory levels at sporting retailers has resulted in lower orders for sportswear and apparel firms.
ReutersLululemon to shutter Washington distribution center, lay off 128 employees
The Vancouver-based firm will shutter the Sumner distribution center as part of its business optimization effort and cut 128 jobs beginning June 21, according to a WARN notice filed with the state's Employment Security Department. The move comes at a time when Lululemon is seeing slowing demand for its premium athleisure in North America, where excessive inventory levels at sporting retailers has resulted in lower orders for sportswear and apparel firms. "We regularly evaluate our distribution network to help shape and support the future vision of our business," a company spokesperson told Reuters.
ZacksLululemon (LULU) Gains As Market Dips: What You Should Know
The latest trading day saw Lululemon (LULU) settling at $344.86, representing a +1.73% change from its previous close.
