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JUN 12, 2014 - TheStreet

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Why Lululemon Shares Are Tumblilng

This story has been updated from 7:56 a.m. EST to include additional information, stock price update. NEW YORK (TheStreet) -- Shares of Lululemon Athletica were tumbling 15% to $37.61 on Thursday, a level not seen since March 2011, as the yoga and athletic apparel retailer struggles to regain the luster it once had prior to its Luon pant recall last March. Investors were fleeing from the stock after the Vancouver-based company lowered its outlook for the second quarter and fiscal year on Thursday. Lululemon reported first-quarter net income of $18.98 million, or earnings of 13 cents a ... Read More

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