Why Lululemon's Stock Is Going Out of Fashion

Shares of Lululemon have recently seen a significant increase after facing a year-to-date decline of around 40%. The company had been struggling due to concerns over slowing growth in its core Americas market and the departure of its Chief Product Officer. Despite this, Lululemon’s shares are now trading at a lower price-to-earnings ratio compared to its competitor, Nike. This positive development has been welcomed by investors, suggesting a potential turnaround for the company.