The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Lululemon founder Chip Wilson has voted against the re-election of two board directors, including Chairman Michael Casey. Andrew Bell has more.
Lululemon founder Chip Wilson has voted against the re-election of two board directors, including Chairman Michael Casey. Andrew Bell has more.
(BNN Video)

Retail stocks are for trading, not investing

I don’t like retail stocks, I don’t own any, and the recent performance of Lululemon provides an excellent example of why this is the case.

Whether we’re talking Krispy Kreme Doughnuts Inc., Crocs Inc., Lululemon Athletica Inc. or hula hoops in the 1950s, the pattern is always the same. In the end, it means retail stocks are for traders, not investors.