Nike shares tumbled 8% on Friday after the Air Jordan maker warned of lower sales in its first half as it replaces older styles with trendier sneakers, while Lululemon Athletica sank 17% as demand waned for its premium athleisure. While Lululemon's gloomy forecast spotlights the challenges for retailers as customers reduce discretionary spending due to sticky inflation, Nike's projection signals its efforts to battle newer brands for market share.
Nike, Lululemon sink as annual forecasts disappoint
Time to Buy the Dip in Nike or Lululemon's Stock After Earnings?
Lululemon Athletica stock sinks on warning Omicron could cut earnings
Nike sales crimped by pandemic, shipping issues; forecast disappoints
Nike, Lululemon Sink as Annual Forecasts Disappoint
Sustained workout wear demand drives Lululemon's upbeat 2021 forecasts
Airbus revamps jetliner arm under veteran insider Scherer
Nike, Lululemon sink as annual forecasts disappoint
Under Armour's founder Plank to return as CEO
B. Riley gets Nasdaq warning after annual report delay
Nike, Lululemon Sink as Annual Forecasts Disappoint
Lululemon Athletica - The Globe and Mail
Nike, Lululemon sink as annual forecasts disappoint