Former market darling Lululemon's been having a rough year, with shares plummeting 40 percent in 2024.

The famed athleisure brand is experiencing a drop in popularity after five years of steady growth.

Milford Asset Management's Stephanie Batchelor says this is down to inventory missteps and people turning away from discretionary spending.

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Former market darling Lululemon's been having a rough year, with shares plummeting 40 percent in 2024.
The famed athleisure brand is experiencing a drop in popularity after five years of steady growth.
Milford Asset Management's Stephanie Batchelor says this is down to inventory missteps and people turning away from discretionary spending.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Stephanie Batchelor: Milford Asset Management spokesperson on Lululemon shares plummeting 40 percent

Rishi Sunak and Keir Starmer have clashed over taxes, employment and immigration in their final showdown.

Voters in the UK will decide next week who will lead the country through its next term.

Prime Minister Sunak says he understands why voters might be frustrated with his Conservative Party.

But he says the election's a choice with consequences for voters and the country - and before voters make it, they should think about what a Labour Government would mean.

UK correspondent Enda Brady unpacked the debate further.

LISTEN ABOVE

Rishi Sunak and Keir Starmer have clashed over taxes, employment and immigration in their final showdown.
Voters in the UK will decide next week who will lead the country through its next term.
Prime Minister Sunak says he understands why voters might be frustrated with his Conservative Party.
But he says the election's a choice with consequences for voters and the country - and before voters make it, they should think about what a Labour Government would mean.
UK correspondent Enda Brady unpacked the debate further.
LISTEN ABOVE

Enda Brady: UK correspondent on Rishi Sunak and Keir Starmer clashing in their final debate before the election

Denmark is moving ahead on plans to introduce a carbon tax on agriculture, with cattle farmers facing additional charges as a result.

The bill suggests that farmers would be taxed at 300 DKK ($70) per ton of CO2 equivalent emitted from 2030, moving to 750 DKK ($177) by 2035.

The Country's Jamie Mackay says the farmers will be unlikely to take this lying down - and they love a good protest.

LISTEN ABOVE

Denmark is moving ahead on plans to introduce a carbon tax on agriculture, with cattle farmers facing additional charges as a result.
The bill suggests that farmers would be taxed at 300 DKK ($70) per ton of CO2 equivalent emitted from 2030, moving to 750 DKK ($177) by 2035.
The Country's Jamie Mackay says the farmers will be unlikely to take this lying down - and they love a good protest.
LISTEN ABOVE

Jamie Mackay: The Country host on Denmark's plan to introduce a carbon tax on agriculture

International research group BMI has lowered its GDP growth forecast for New Zealand for 2024 - and warned of economic challenges to come.

BMI predicted the nation's GDP would grow by just 1 percent this year, down 0.2 percent from previous estimates.

NZ Herald business editor at large Liam Dann unpacked this research further.

LISTEN ABOVE

International research group BMI has lowered its GDP growth forecast for New Zealand for 2024 - and warned of economic challenges to come.
BMI predicted the nation's GDP would grow by just 1 percent this year, down 0.2 percent from previous estimates.
NZ Herald business editor at large Liam Dann unpacked this research further.
LISTEN ABOVE

Stephanie Batchelor: Milford Asset Management spokesperson on Lululemon shares plummeting 40 percent

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