Lululemon Stock: Should Investors Buy on the Dip?
Lululemon Athletica (NASDAQ: LULU) stock just took another leg(ging) down during the second week of 2023. Since the start of 2022 just over a year ago -- what I'll loosely call the start of the current bear market -- shares have lost just over 20% of their value. The most recent reason for the market's pessimism toward Lululemon?
Some analysts seem to be concerned that Lululemon resorted to heavy discounting during the recently wrapped holiday shopping season, oftentimes a sign of excess inventory and weak demand. Other retailers have been telling such a tale as consumers deal with elevated inflation, a faltering economy, and rising interest rates from the Federal Reserve.
Source Fool.com