Mar. 11 at 9:31 PM
$LULU Damn, I remember trading Lulu in the 300-400 range….. from the long side and making good money. Have not focused on Lulu lately and am flabbergasted that this mighty Superbrand is trading well below
$200.
Zero interest in getting back into it. The price tells me that Lulu has totally lost its premium standing and has no more moat. So nothing special anymore in US, Canada and Europe. Still big in China but as soon as those consumers figure out they are behind European/US fashion trends, they‘ll drop Lulu. Chinese luxury consumers are trend followers. If trend is over, they do NOT want to be seen in „old style“.
