Gap Seeks To Steal Some of Lulu's Lemons (GPS, LULU)
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Price: $121.07 +4.65%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.8%
Revenue Growth %: -2.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.8%
Revenue Growth %: -2.8%
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Shares of red-hot yoga apparel retailer Lululemon Athletica Inc. (Nasdaq: LULU) are under a little pressure today (-0.8%) after Gap (NYSE: GPS) announced that its flagship Athleta store has opened in San Francisco.
Gap said the store:
"offers Athleta's collection of women's active lifestyle apparel for yoga, running, swim, gym, hiking and skiing – designed by and for female athletes -- as well as an array of other products for both athletic and everyday pursuits...... sound familiar?
...and this is just the start:
"This store opening launches the next phase of our multi-channel growth plan for the Athleta brand,” said Toby Lenk, president of Gap Inc. Direct, the division which houses the Athleta brand."
Should Lululemon shareholders be scared? YES
Gap said the store:
"offers Athleta's collection of women's active lifestyle apparel for yoga, running, swim, gym, hiking and skiing – designed by and for female athletes -- as well as an array of other products for both athletic and everyday pursuits...... sound familiar?
...and this is just the start:
"This store opening launches the next phase of our multi-channel growth plan for the Athleta brand,” said Toby Lenk, president of Gap Inc. Direct, the division which houses the Athleta brand."
Should Lululemon shareholders be scared? YES
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