Lululemon faces a class-action lawsuit over false statements about inventory and stagnating Americas sales.

Lululemon Athletica faces a class-action lawsuit alleging false statements and omissions about inventory allocation, color palette execution issues, and underperformance of its Breezethrough product launch, which led to stagnating sales in the Americas region. Investors who purchased Lululemon securities between Dec 7, 2023, and July 24, 2024, may be eligible to join the lawsuit.

August 08, 2024
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