Lululemon shares plunged about 20% after the athleisure company cut its full-year forecast for the second time. Investors are weighing a potentially lengthy turnaround under incoming CEO Heidi O'Neill as the company struggles with weaker sales, shrinking margins, promotions and rising competition from brands including Alo Yoga and Skims.
Lululemon shares plunged about 20% after the athleisure company cut its full-year forecast for the second time. Investors are weighing a potentially lengthy turnaround under incoming CEO Heidi O'Neill as the company struggles with weaker sales, shrinking margins, promotions and rising competition from brands including Alo Yoga and Skims.
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