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Stock impact report

Elliott Said to Build a $1 Billion-Plus Stake in Lululemon [Yahoo! Finance Canada]

lululemon athletica inc. (LULU) 
Last lululemon athletica inc. earnings: 3/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lululemon.com
Most Read from Bloomberg The Wall Street Journal, which first reported on the news, said Nielsen is viewed by the activist as a potential CEO candidate. The company is searching for a replacement for current CEO Calvin McDonald, who will step down from the role at the end of January. A representative for Elliott declined to comment. Lululemon didn't immediately respond to a request for comment. Shares of Lululemon rose more than 5% in early trading before the market opens in New York. The stock has rallied, rising about 11%, since Friday when the athletic-wear maker boosted its full-year outlook and announced that McDonald would depart. The Vancouver-based company's growth has slowed in recent quarters and that trend is expected to continue, according to analyst estimates. Sales growth is near the lowest level since the company went public in 2007 as Lululemon faces fierce competition from upstarts including Alo Yoga and Vuori, as well as knockoffs from lower-priced retailers Show less Read more
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