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Sportswear stocks slide as Nike, Lululemon and Hoka owner face pressure

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  • Sportswear stocks declined as brands faced inflation, changing trends and tougher competition.
  • Nike fell 46.48% this year, while Lululemon dropped 55.19% and Deckers declined 25.91%.
  • Lululemon’s second-quarter legging sales fell approximately 20%, according to industry reports.
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Sportswear stocks slide as Nike, Lululemon and Hoka owner face pressure - CoinPost Terminal