This Is the Last Thing Lululemon Needs to Turn Its Business Around
Does the footwear market really need another sneaker company? Lululemon Athletica (NASDAQ: LULU) thinks so and recently began offering three new styles of footwear at 23 of its stores with plans to roll them out to more in the future. While the market for sneakers is growing, it remains overcrowded and adding another one to the mix doesn't bode well for success.
Lululemon created something from nothing when it essentially started the athleisure trend that has since become a $44 billion industry in its own right and is expected to hit $83 billion by 2020, but like the footwear business, it now features a burgeoning number of participants.
Image source: Lululemon Athletica.
Source: Fool.com
Lululemon Athletica Inc. Stock
€326.45
0.500%
Currently there is a rather positive sentiment for Lululemon Athletica Inc. with 66 Buy predictions and 5 Sell predictions.
With a target price of 465 € there is a positive potential of 42.44% for Lululemon Athletica Inc. compared to the current price of 326.45 €.
