Nike shares fell 8% as it plans to focus on trendier sneakers, while Lululemon Athletica dropped 17% due to declining demand for premium athleisure. Both companies face challenges amidst reduced customer spending.
Nike, Lululemon Sink as Annual Forecasts Disappoint
Lululemon forecasts annual outlook below estimates, stock slumps 10%
Nike, Lululemon sink as annual forecasts disappoint
Nike, Lululemon Sink as Annual Forecasts Disappoint
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