It comes as cabinet met on Monday to greenlight the plan – a key pillar of Labor’s re-election campaign – with further announcements expected during the parliamentary sitting week.
They then said that the decision "runs contrary to the desired structural change" the movement was seeking.
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Jefferies analyst Randal Konik noted last year that Lululemon’s black leggings were much too plentiful at discount outlets, and that markdowns at Lululemon had reached “alarming” levels and created the risk of harming Lululemon’s “premium” image.
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