Stephanie Batchelor: Milford Asset Management spokesperson on Lululemon shares plummeting 40 percent
Heather du Plessis-Allan Drive · Newstalk ZB
June 19, 20243m 45s
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Show Notes
Former market darling Lululemon's been having a rough year, with shares plummeting 40 percent in 2024.
The famed athleisure brand is experiencing a drop in popularity after five years of steady growth.
Milford Asset Management's Stephanie Batchelor says this is down to inventory missteps and people turning away from discretionary spending.
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Topics
businessmoneyeconomyLululemon