Nike, Lululemon shares sink as gloomy forecasts alarm analysts

By A Mystery Man Writer

Nike shares tumbled 8% on Friday after the Air Jordan maker warned of lower sales in its first half as it replaces older styles with trendier sneakers, while Lululemon Athletica sank 17% as demand waned for its premium athleisure.

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Nike, Lululemon shares sink as gloomy forecasts alarm analysts