Lululemon faces continued headwinds despite turnaround efforts

Lululemon’s Newest Bear Sees More Pain for Stock After 81% Rout

Lululemon Athletica Inc.’s turnaround won’t be a quick or easy fix as the athletic wear company cedes market share to rivals and suffers deepening sales declines, according to BMO Capital Markets, which initiated coverage of the stock this week with an underperform rating.

By Peyton Forte