This was a hell of a guess! I visited one of the stores this weekend. And WOW!!! As a woman I will tell you, there is NO WAY a woman can leave this store and not spend $200 - $300 minimum. The store was packed on a Saturday morning. And women were leaving loaded down with bags! Oh, and did I mention Tom Stemberg is behind this. Remember the genius who started Staples in his 30s. Paraclese, did you buy any shares?
I hope this stock goes down so that I can buy in today! Here we are with the entire market going down and this stock is going up like a rocket!!
LULUV was its nasdaq symbol pre IPO for a couple days. LULU is its new Nasdaq ticker. LLL is the TSX listing in Canada.
Just FYI... why Lulu Lemon sells: 100 bucks a pair, 100 for zip up sweatshits as well. (at least in Victoria thats the prices) Never seen a sale ever.
Thanks Here in NYC lululemon is everywhere. Especially their bags. When you make a purchase, the bag you get is a very durable bag. Free advertising as you see them everywhere.
unfortunately sophie, I was not in on the deal. wish I was. it is hard for me to pay up for something. while I would purchase a nice pullback, a new deal that breaks away(well anything that breaks away really) is a little too risky. I am not a fundamental trader. good fill today though. I am also doing a makeover on my business. new brokers, the works. Not to mention I smell blood in the water(market), the sharks are out. Hot issues usually remain unaffected though. Good luck! may jump in for a scalp, maybe not.
I'm amazed how well this is doing but I still dont see this stock doing well in the coming months and year Profit taking and bad earnings will send it below 20 in a hury