$Lululemon Athletica(LULU)$ LULU is 5 years too long to be forming a bullish pattern like an expanding triangle?
Strong business influencing almost all other fashion labels to create their own versions of what’s now being referred to as “Lululemonwear” - I’d say we haven’t seen the end of a growing business and innovation for how they influence the athletech/athleisure business.
A curious question - Could LULU consider acquiring a footwear business in an effort to expand what they offer here? Does anyone have any interesting stats on how popular their own footwear business has become? This is just me brainstorming, but a LULU and ONON partnership/buyout could be dynamic.
My bullish stance is built moreso on having confidence in this being a Brand with a strong backbone for growth. I like a retail business that never gets tired of evolving!
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