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Lululemon Cuts Annual Forecasts on Tepid Us Demand, Rising Competition

The company has seen a slow start to 2024 as sales moderate after years of strong growth as persistent inflation led to selective spending by shoppers.
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Lululemon Athletica cut its annual sales and profit forecasts. (Shutterstock)

Lululemon Athletica cut its annual sales and profit forecasts on Thursday, hurt by increased competition and selective consumer spending in North America for its pricey leggings and tank tops.

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