Lululemon's stock has hit a 52-week low, trading around $330, down from over $360 a few weeks ago. The decline comes as the company announced a restructuring of its product and brand teams, including the departure of Chief Product Officer Sun Choe, who resigned to pursue another opportunity. The company will not replace the CPO role but will instead elevate the Global Creative Director and create a new position, Chief Brand & Product Activation Officer. Shares fell by 2.5% following the news. Analysts from Jefferies have expressed concerns, noting that Choe’s departure is 'not a good sign' and that recent visits to Lululemon stores indicate the product assortment is 'falling flat,' with an excess supply across colors and product lines. The company's earnings are due in one week, and there is support at the $300/280 level.
Lululemon’s stock falls after the company said its chief product officer was leaving, raising concerns among analysts that the athleisure brand is losing its edge https://t.co/pL4Ud0zf6b
'Not a good sign:' Lululemon $LULU stock down after CPO departs https://t.co/Q6wNxFrGFA https://t.co/KTDcZG9pbw
Jefferies analysts say Choe’s departure “is not a good sign” for the company. Furthermore, Jefferies noted that their recent visits to Lululemon stores suggest $LULU's product assortment is "falling flat," with an abundance of supply across colors and product lines. They point… https://t.co/i9b5sobNXE
Jefferies analysts say Choe’s departure “is not a good sign” for the company. Furthermore, Jefferies noted that their recent visits to Lululemon stores suggest the product assortment is "falling flat," with an abundance of supply across colors and product lines. They point to… https://t.co/i9b5sobNXE
🦈 $NVDA .. China Lotus 🪷 $LOT.. $LULU hits the #WSB reef 🐡🐠🐟 $QQQ https://t.co/IQMHRT9VIr
Lululemon announces the departure of chief product officer https://t.co/SVlQWrH56X
LULULEMON RESTRUCTURES PRODUCT AND BRAND TEAMS, ANNOUNCES DEPARTURE OF CPO $LULU announced a new integrated design structure and the departure of Chief Product Officer Sun Choe, who resigned to pursue another opportunity. The company will not replace the CPO role. Jonathan…
Lululemon Restructures Product and Brand Teams, Chief Product Officer Exits $LULU https://t.co/NatBFBvDGz
$LULU Lululemon CPO resigns. Co bumps up Global Creative Director role and creates Chief Brand & Product Activation Officer role. Co also creates new team made of leaders from its Merchandising and Brand functions to scale its global and regional go-to-market strategies. -2% AH
$LULU Lululemon announces reorganization...shares down 2.5%. Chief Product Officer Sun Choe quits for a new job. https://t.co/sT1ioqxNCK
$LULU Lululemon announces reorganization...shares down 2%. Chief Product Officer Sun Choe quits for a new job. https://t.co/lvmUxwOIhO
Lululemon Restructures Product and Brand Teams, Chief Product Officer Exits https://t.co/FiE5WJkmpQ
$LULU LULU, one of the few large stocks on the 52w low list, just announced the departure of its Chief Product Officer https://t.co/IjsYWtxOXI
$TCRX another 52 week high! https://t.co/fldAAuROfr
$LULU Another Day and more selling. #update Earnings in 1 Week, They are selling ahead of it. 300/280 support . No position but Keeping track of Yoga Pants everyday https://t.co/pMbQ1rI6Wj
$LULU Another Day and more selling. #update Earnings in 1 Week, They are selling ahead of it. 300/380 support . No position but Keeping track of Yoga Pants everyday https://t.co/pMbQ1rI6Wj
$LULU Another Day and more selling. #update Earnings in 1 Week, They are selling ahead of it. 300/380 support . Now position but Keeping track of Yoga Pants everyday https://t.co/pMbQ1rI6Wj
$FRO - Another 52 week high! https://t.co/K9Ul3OoVgI
$HRTX new 52 week high! https://t.co/Sw6NXy8DtZ
$LULU #update Pants down yet again! "Nothing is too low" Just flush to 300 area for us See chart history below https://t.co/YQYVHfgIQY https://t.co/PbkmLAeEQH
$LULU 52 week low 🚨🫣. @SunriseTrader @StockMKTNewz. https://t.co/haBjbnMAJy
$LULU right at 52 week lows
$LULU trading back to the April lows near $330 and getting close to a 52 week low. Was above $360 a few weeks ago. $NVDA looking good this morning with a continued run up into earnings.
$CNTX nice comer back , 2 holla and new 52 week high coming soon here! https://t.co/97GBrJaS2E