Luxury athletic clothing retailer Lululemon Athletica Inc. (NASDAQ: LULU) was trading 12% lower mid-session Friday, after gapping down at the open. The move followed the company’s warning of higher-than-anticipated inventory levels.
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Is Lululemon a harbinger of problems ahead for clothing retailers, in an era of inflation and remaining supply-chain issues?
Other clothing retailers, such as Levi Strauss & Co. (NYSE: LEVI), American Eagle Outfitters Inc. (NYSE: AEO), Gap Inc. (NYSE: GPS) and Nike (NYSE: NKE) have said inventories were up in the past quarter, compared to a year ago.
However, as a group, apparel retailers have outperformed the vast majority of stocks, led
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