Lululemon has a lot of problems, say Jefferies analysts: 'Sesame Street' colors, way too many logos, and sales, sales, sales

Jefferies analysts identified several problems with Lululemon's offerings.

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• Lululemon's problems are multifold, said Jefferies analysts in a Wednesday note.
• They said the brand is leaning too hard into "logomania" and has too many sales.
• They also said Lululemon is straying from its yoga roots and becoming more generic, like the Gap.

Lululemon is straying far from its yoga roots, and it could hurt the business, analysts say.

In a Wednesday note...