Editor
Lululemon Athletica Inc. on Thursday raised its annual profit and revenue forecasts as demand from affluent customers for its new belt bags, golf and tennis clothing cushions the blow from a cut in spending by lower-income households.
Shares in Lululemon, which also posted upbeat second-quarter results, rose nearly 8 percent in extended trading.
Higher-income households have largely shrugged off the impact of steeper prices of everyday…
