Analyst says Lululemon will survive Amazon
October 23, 2017
In a letter to clients, Paul Lejuez, an analyst at Citi Research, wrote that concerns about Amazon.com’s advances into casual apparel and sportswear are overblown and unlikely to have a significant impact on Lululemon’s business. Mr. Lejeuz’s note sent Lululemon’s stock price up 2.2 percent at the end of trading on Friday.
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