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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Why Lululemon's Global Expansion Could Outweigh North America Slowdown

LULU Lululemon North America Lorraine Hutchinson
Lululemon,Sign,At,The,Entrance,Of,Retail,Store,Of,Lululemon

Lululemon Athletica Inc. (NASDAQ:LULU) faces investor concerns over slowing North America growth and rising discounting, but its strong brand, innovation pipeline, and global expansion keep it positioned as a resilient retail growth story.

Bank of America analyst Lorraine Hutchinson reiterated the Buy rating on Lululemon, lowering the price forecast from $370 to $300.

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