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Lululemon cuts outlook again as Americas sales keep declining

Lululemon Athletica cut its outlook for the second time this year after another quarter of declining sales in its Americas business. It now expects annual sales of $10.35 billion to $10.50 billion.

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By Katherine HamiltonLululemon Athletica cut its outlook for the second time this year following another quarter of declining sales in the company's Americas business.The activewear retailer said Thursday it now expects annual sales to be $10.35 billion to $10.50 billion, down from its previous gui…