After 20% Drop, Lululemon Athletica to Start Buying Back Its Stock Again

lululemon athletica (NASDAQ: LULU) is apparently feeling good again about the retail landscape returning to a state of normalcy as it announced yesterday it would resume its share repurchase program.

The athleisure apparel leader temporarily suspended stock buybacks in April as a means of conserving capital while the coronavirus pandemic swept the country and forced retailers to close their stores. The company also cut executive pay 20% for three months while board directors agreed to forgo their stipends.

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Source Fool.com