Does Lululemon’s 12% Drop Signal Bad News For Clothing Retailers?
Luxury athletic clothing retailer Lululemon Athletica Inc. (NASDAQ: LULU) was trading 12% lower mid-session Friday, after gapping down at the open. The move followed the company’s warning of higher-than-anticipated inventory levels. MarketBeat.com – MarketBeat Is Lululemon a harbinger of problems ahead for clothing retailers, in an era of inflation and remaining supply-chain issues? Other clothing…