Lululemon shares hold up in a challenging market

18.08.2023

The IBD Sector Leaders component, Lululemon Athletica (LULU), held firm and formed a constructive bullish pattern. The stock has gained 17% year-to-date, well ahead of the sector group’s 2% gain.

Vancouver-based Lululemon manufactures and sells yoga and fitness apparel, footwear and accessories through more than 660 stores as well as its e-commerce service. Lululemon stores are located in the US, UK, Australia, Norway, Singapore and the newest store in Thailand.

The company is ranked No. 1 out of 34 stocks in IBD’s Apparel and Footwear Retail Industry Group.