Lululemon, Nike Stocks Drop as Luxury Retailers Face Squeezed US Consumers
- Lululemon and Nike stocks are falling despite topping earnings expectations
- Lululemon continues to capture more luxury retail consumers
- Early 2023 trends have been very weak in the US market for Lululemon
- Management cited challenging US consumer dynamics and middling-income consumers feeling squeezed
- The article was written by Luke Carberry Mogan