Market Sell-Off: Time to Buy the Dip on Lululemon Stock?

The leading athleisure brand is stagnating. A turnaround may be in the works.Lululemon (LULU 0.60%) stock is down over 50% this year. After huge growth during the pandemic as the brand rode the transition to athleisure around the world, sales have suddenly slowed in its key markets and with its key demographic: women. It is being attacked by other apparel brands who are now selling premium yoga and athleisure products.The market sell-off has only exasperated this pain for Lululemon shareholders. With the st ...