Yoga pants maker Lululemon says US consumers are cutting back on spending

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Athleisure maker Lululemon Athletica reported slowing traffic in its hundreds of US stores as worries over the economy prompt consumers to take a more cautious look at its $100 yoga pants.

The Canadian company reported record revenue of $10.6bn for 2024, a rise of 10 per cent year on year, as new stores opened and sales at existing stores grew overall. Annual net income…