Shares Of Lululemon Soar As Its Deft Moves Into Menswear Challenge Nike, Adidas

by MR Magazine Staff

Shares of yoga-pants specialists Lululemon Athletica Inc surged 20 percent on Thursday, with several Wall Street analysts raising their price targets for the company after a blockbuster fourth quarter. Wednesday’s results showed the Vancouver-based athleisure wear maker moving strongly into menswear, improving online sales and potentially challenging bigger rival Nike Inc on its home turf. Read more at Reuters.