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Higher cotton prices in 1Q and 2Q pressured clothing makers to raise prices or take losses as...
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Thursday, July 14, 2011, 9:59 AM ETHigher cotton prices in 1Q and 2Q pressured clothing makers to raise prices or take losses as margins were squeezed, but relief could be coming as the National Cotton Council reports prices are trending downward. Firms in line to benefit: Liz Claiborne (LIZ +0.8%, Lululemon (LULU +1.5%), Levi Strauss.
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they have no connection to cotton, infact its a neg for them , as their competitors, gap,rl, apo are in cotton and will reduce prices...
lulu is getting ready for a drop...dont overvalue a company that hasnt reached that level..look at its book value!!