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Will Ashworth

Lululemon Shareholders Can Partly Blame Nike for LULU Stock’s Latest Bearish Price Surprise

LULU Lululemon NIke Heidi ONeill Market GameStop

One of the top retail stories of 2026 has to be the total collapse of Lululemon’s (LULU) market cap. At the start of the new year, the leisure apparel brand’s equity was valued at over $24 billion. It’s now less than $12 billion.

As someone who believes Lululemon remains a Canadian success story, even I’m starting to lose patience with a company and board that seems hell-bent on destroying shareholder value.

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