Lululemon stock drops thanks to see-through yoga pants
At a recent Lululemon meeting, store managers complained to corporate about the quality of…
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At a recent Lululemon meeting, store managers complained to corporate about the quality of the company’s black luon yoga pants for women—it seems customers were finding them to be too sheer.
Lululemon recalled the product, which makes up about 17 per cent its women’s bottoms. The company estimated this would cause a $10 to $20 million drop in revenue, which in turn caused a eight per cent drop in the company’s stock today.
The Vancouver-based company said the product didn’t live up to its standards, and that it is working with the manufacturing to rectify the situation. They also answered many more questions about the recall here.
