I’ve been looking at buying Lululemon for the last couple weeks and am wondering what others think. Its growth stemmed to 2% in the US but is up in Asia. Currently in china they have ~ 130 stores but are growing fast. With 370 stores in The US is it not crazy to think they could match this number in China in the next year or two while also continuing to grow in North America and other parts of Asia. Additionally 63% of clothes are manufactured in South East Asia and 23% in China. I’m wondering if that would reduce the costs of selling product over there.
I know it’s a growth stock that’s seen its year over year growth slow but since it has so much room to grow in Asia and is at a comparatively low price to the last 2 years could it be a good buy? Curious what others think about this.
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