Lululemon shares slide as tariffs and weaker sales take their toll

Lululemon shares drop as tariffs and weaker sales impact business, with the company projecting lower-than-expected sales for the upcoming months due to US import duties and the removal of a duty-free policy. The Canadian retailer anticipates a $240m loss this year from the US levies, leading to a significant impact on its earnings. Lululemon is exploring ways to mitigate the effects of tariffs by adjusting its supply chain and considering cost-cutting measures amid increasing competition from lower-priced sportswear brands.