China Market RisksChina's growth is slowing down, which poses a significant risk to LULU's high-margin region and could impact overall margins negatively.
CompetitionCompetition is scaling as data for Alo Yoga and Vuori remain robust.
Tariff ImpactTariffs, especially from Vietnam, are expected to be an additional pressure point for LULU, contributing to a potential headwind affecting future quarters.
US Market ChallengesUS trends remain lackluster, and while there might be some improvement, it is largely driven by accelerated clearance activity rather than genuine demand increase.