Lululemon sees more 'modest' growth in U.S. as consumers turn cautious

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By News Room 5 Min Read

Lululemon Athletica Inc. is expecting modest growth in its U.S. business this year, with consumers pleased with the clothing retailer’s fresh offerings but cautious about the economy.

Chief executive Calvin McDonald told a quarterly conference call Thursday that the company has done some polling with Ipsos that suggests U.S. customers are spending less due to concerns about inflation and the economy.

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