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Friday, Jan 4
Shares of Lululemon (LULU) drop 3.7% premarket with a harsh downgrade from Credit Suisse...
Shares of Lululemon (LULU) drop 3.7% premarket with a harsh downgrade from Credit Suisse starting to resonate. The stance from the firm is that the yoga apparel seller will continue to see challenges in driving incremental sales in mature stores. It also notes a scan of the retailer's website reveals that by the end of the December close to 20% of Lululemon's products were on sale, compared to just 8% in mid-month.