CEO of high-end brand sounds alarm on economy over 'concerning' behavior
The CEO of popular sportswear brand Lululemon has raised the alarm about concerning consumer behaviors which are impacting businesses across the US. Calvin McDonald said this week that consumers are starting to spend less due to fears about how the US economy is faring, according to Yahoo Finance. It comes as Lululemon stock fell 15 percent in afternoon trading on Thursday. 'The dynamic macro environment has contributed to a more cautious consumer,' McDonald told investors on a call Thursday evening, per Yahoo.
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