Is it time to short Lululemon?
It might be. According to this article from Live Trading News, Lulemon is going to face some strong competition from Green AppleYoga News, Lululemon, Green AppleLululemon the Vancouver-based yogawear retailer expects to hit $1 billion in revenue during fiscal 2012, as productivity at its U.S. stores, once a cause for concern among investors, climbs closer to that seen in its highly profitable Canadian outlets.While Lululemon’s sales have soared along with its share price, investors have been concerned that competition might start to slow its ascent.“We’re not feeling it or seeing it on a global basis or even store by store,” … Read more