A Lululemon store is seen at Burrard and Robson Streets in downtown Vancouver on Dec. 13, 2023. Photo by Jason Payne/ PNG

Shares of Canadian athleisure retailer Lululemon Athletica Inc. have dipped 18 per cent over the last week after the company reported increased costs related to tariffs and the removal of the U.S. de minimis exemption — showing that even big companies are taking a hit from the revoking of the duty-free shipping loophole.

In its latest earnings report on Sept. 4, the Vancouver-based brand reported net revenue grew seven per cent year-over-year to $2.5 billion in the second quarter, largely in line with analysts’ forecasts.

However, the company also reduced its outlook for the year and said it expects higher tariffs and the removal of the de minimis exemption t

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