Lululemon Gives Rivals Perspiration and Inspiration
Lululemon Athletica Inc. shares are not far off the record they hit in June, and for good reason. Plus, as I noted earlier this week, the short-term outlook for clothing retailers is better now than it has been in years, and Lululemon is well-positioned to take advantage. The recent sizzle at Lululemon makes for a good occasion to step back and acknowledge just what a force it has become in the apparel business — and why that should be simultaneously scary and encouraging for other players in the specialty format.