A Lululemon Athletica Inc. store at Burrard and Robson Streets in downtown Vancouver, B.C. Photo by Jason Payne/PNG files
Every weekend, the Financial Post breaks down the most interesting developments in this week’s world of investing, from top performers to surprising analyst calls and stocks you should have on your radar. Here’s this week’s edition.
Stock of the Week: Tariffs have Lululemon feeling stretched
Shares of Lululemon Athletica Inc. (LULU) fell nearly 20 per cent on Friday to close the week at US$265.27. The maker of fashionable workout gear and leisure clothing, which reported earnings on Thursday, said that sales fell in its Americas market in the first quarter and that it is already seeing lower traffic, especially in the United States as tariffs rattle price-conscio