Lululemon Shares
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Lululemon cuts annual outlook, citing 'negative' media commentary and disappointing product launches
Lululemon's troubles are far from over. The athletic apparel retailer lowered its full-year guidance and issued a weak current quarter outlook on Thursday as interim CEO Meghan Frank blamed "negative commentary in the media" and recent product launches that failed to wow shoppers. "We experienced spikes of negative commentary in the media and on social channels with regard to our brand, which had an impact on traffic and overall top line performance," Frank told analysts during the company's...
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