Shares of Lululemon tumbled more than 15% in extended trading on Thursday after the Canadian athletic apparel brand slashed its sales forecast, citing the heavy financial toll of U.S. tariffs and a crackdown on duty-free imports under President Donald Trump’s trade policies. The company said it expects the new tariffs, coupled with the elimination of…
Athleisure giant Lululemon has filed a lawsuit against Costco, accusing the wholesale retailer of selling unauthorized imitations of its popular apparel items, including its signature $128 pants. In the suit filed Friday in California, the Vancouver-based company claims that Costco’s private-label brand, Kirkland, is producing and selling apparel that closely mimics Lululemon’s designs – including…
Lululemon has seen its stock price plummet by more than 20% following a downward revision of its annual profit forecast, as the athleisure brand faces mounting pressure from U.S. tariffs and a sluggish economic outlook. In a statement released to investors, the company pointed to declining foot traffic in its American stores, attributing it to…
