Market Currents
Yoga wars: Lululemon (LULU) takes to the courtroom to defend its market share, accusing PVH's...
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Saturday, August 18, 2012, 9:45 AM ETYoga wars: Lululemon (LULU) takes to the courtroom to defend its market share, accusing PVH's Calvin Klein brand and G-III Apparel Group (GIII) of infringing on design patents. That's not the only jarring competition Lululemon is seeing with retail heavyweights Gap, Under Armour, and Nike stepping up their fitness/athletic apparel lines in the space. No question LULU is a darling of the shorts, but on the bull side it still has that "it" factor with shoppers and runaway e-commerce sales. As for that light outlook for FQ2, the firm tends to sandbag guidance - beating its own estimates by an average of 30%.
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