The move is part of a wider strategic restructuring.
Yoga-inspired firm Lululemon Athletica Inc. is cutting about 150 corporate positions in connection with changes to its organizational structure. The impacted roles are part of its Store Support Centers, as reported by Canadian media CBC.
Lululemon stock was recently downgraded by Morgan Stanley from “Overweight” to “Equalweight.” Earlier this month, the company cut annual profit guidance and announced second-quarter revenues would be below estimates due to weaker demand, increasing competition and uncertainty over US tariff policy.
