Are you for real or you just sound clueless? There are consensus including from LULU's leadership that they will not be able to keep up with the current growth. With that uncertainty, we can look at PE and know that there is a huge premium to the stock price.
I am not sure when retailers start reporting this quarter but I see what may become a slow but steady downtrend for LULU with relatively milder bounces compared to the overall market. If somebody put a gun to my head to by a luxury retailer going into a recessionary or uncertain period, I would buy TIF or SKS.
Here's a snippet taken from IBD (a bible for bagholders):
The weak income data are "very consistent with our declaration that the economy is tipping into a recession," said Lakshman Achuthan, managing director of the Economic Cycle Research Institute. ECRI, which specializes in predicting the business cycle, is closely watched because of an impressive track record.
Ask yourself whether you are a wishful thinker or an informed investor?