The Art of Slowing Down
147: Lululemon Stock Falls 28% as Alo Yoga Gains Ground and Key Executives Defect
Lululemon is down ~28% since June 10 after I put out the first transcript on the name. I should have shorted it then (and a few times since), oh well, c’est la vie. If I were long Lululemon I would be concerned about the company’s outlooks for a number of reasons.
The first is that the company does not have a Chief Product Officer. A number of former executives I have spoken with via expert network calls have mentioned that this is a major problem for the business. Essentially, I’ve been told that Sun Choe left the role and a conscious decision internally was made that the open position would not be filled.
Another issue is that Lululemon is