Lululemon Goals a Stretch as Analysts See Growth Slowing
This article is for subscribers only.
Lululemon Inc. says it can double its size in the U.S., build an international unit almost from scratch and get men hooked on $88 yoga pants. More and more analysts are saying those plans are a stretch.
As the company looks for a new chief executive officer to succeed the retiring Christine Day, there’s growing evidence the yoga-wear powerhouse can’t sustain its current growth. Lululemon is running out of room to expand in North America, and sales gains at established stores are slowing as brands such as Gap Inc. and Nike Inc. encroach on its turf.