Lululemon shares tumble as weak demand, tariffs spark profit warning: ‘Lost its innovation edge'

Lululemon Athletica slashed its annual revenue and profit forecasts on Thursday, signaling a slowdown in demand going into the crucial holiday season as consumers cut down spending, alongside tariff pressures.Shares of the company fell about 14% after the closing bell.The sportswear maker has failed to spark a wave of buying from consumers grappling with inflation and the Trump administration’s volatile trade policy.Lululemon has failed to spark a wave of buying from consumers grappling with inflation and t ...