- Lululemon (LULU -1%) has another competitor in the yoga/athletic space as Hennes & Mauritz (HMRZF) struts out some new lines, notes Hedgeye's Brian McGough.
- The retailer reportedly had decent store traffic during the Black Friday weekend with a low level of discounting and has been added to Janney Capital's 2014 Best Ideas List. Despite heavyweights such as Nike, Adidas, Under Armour, and Gap encroaching into LULU's categories - many retail analysts see demand strong enough to sustain the group.
Lululemon keeps it edge despite new rivals
Dec 4 2013, 11:01 ET