LULU Dec 2024 640.000 call
- Reuters
In China, a search for identity boosts Lululemon, premium sportswear brands
Premium sportswear brands are enjoying robust growth in China as they take to directly courting their main customers, posing yet another setback to megabrands Nike and Adidas as they grapple with local competitors in the $55 billion sportswear market. Sportswear is a rare bright spot in China's sluggish consumer market, as health and wellness have become a priority for aspirational, middle class consumers post-pandemic, with many people getting into activities such as yoga, hiking and running for the first time. The market, the world's biggest after the United States, is seen growing 7% this year to $59 billion, outpacing the 0.8% forecast growth in non-sportswear apparel and footwear, according to data from Euromonitor.
- Yahoo Finance Video
Costco, Dell, Lululemon, CrowdStrike, & more: Earnings recap
Investors had a lot of earnings to digest over the last several days, including reports from CrowdStrike (CRWD), Bath & Body Works (BBWI), Hewlett Packard Enterprise (HPE), Dollar Tree (DLTR), Campbell Soup (CPB), Lululemon (LULU), and Zscaler (ZS), to name a few. Yahoo Finance breaks down the earnings results and how companies' stocks reacted to the reports. For more expert insight and the latest market action, click here. This post was written by Mariela Rosales.
- Investing.com
Street calls of the week: Upgrades for Best Buy and Lululemon
Investing.com -- Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Best Buy , Lululemon and Collegium Pharma; downgrade for Maxeon Solar and Medifast.
