LULU Jun 2024 345.000 put
- Zacks
Why This 1 Growth Stock Could Be a Great Addition to Your Portfolio
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- Zacks
lululemon athletica inc. (LULU) Is a Trending Stock: Facts to Know Before Betting on It
Recently, Zacks.com users have been paying close attention to Lululemon (LULU). This makes it worthwhile to examine what the stock has in store.
- Reuters
In China, a search for identity boosts Lululemon, premium sportswear brands
Premium sportswear brands are enjoying robust growth in China as they take to directly courting their main customers, posing yet another setback to megabrands Nike and Adidas as they grapple with local competitors in the $55 billion sportswear market. Sportswear is a rare bright spot in China's sluggish consumer market, as health and wellness have become a priority for aspirational, middle class consumers post-pandemic, with many people getting into activities such as yoga, hiking and running for the first time. The market, the world's biggest after the United States, is seen growing 7% this year to $59 billion, outpacing the 0.8% forecast growth in non-sportswear apparel and footwear, according to data from Euromonitor.
