Why Lululemon Stock Was Falling This Week

Week to date, shares of Lululemon Athletica (NASDAQ: LULU) were down 10.9% as of 9:58 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence. There was no company-specific news to explain the decline, but the pattern was consistent with the poor performance of other retail stocks this week. The sector has been sinking since Tuesday, when Walmart released disappointing earnings results.

Over the last month, Lululemon's stock price has fallen 33%, underperforming the 20.3% decline in the SPDR S&P Retail ETF.

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Source Fool.com