Wednesday, March 20, 2013



Lululemon yoga pants pulled popular black from the shelves after it was revealed that the material was characterized by very large part of our regular customers.

The company stressed that it does not change the standards of clothing, but warned that the lack of clothing is very popular make up about 17 percent of women pants and trousers culture in the shops.

Shares fell nearly 5 percent in morning trading on Tuesday, and at least one analyst who follows the company denied the "buy" rating.

Sam Poser of Sterne, Agee & Leach advised customers to wait and see approach until the problem is fixed, downgraded the shares "neutral."

It seems that the "main problem of quality management" Asia "Luon" pants, Poser said. While Lululemon used in the same factory that the tissue since 2004, said it did not seem as if the company is adequately supervised.

Luon pant is one of the staples in the retail and Cowen analyst Faye Landes said that if there is any comfort to be found that Lululemon is not faced the problem of demand. Lululemon was the star of investors and supporters of yoga, the departure of the shares is less than $ 3 in 2009 to about $ 65 this year.

But the statement made ​​before the company reports earnings for the fourth quarter and full year on Thursday.

Lululemon Athletic Inc., based in Vancouver, British Columbia, in the first quarter to cut profit forecasts as a result of the withdrawal. The company expects first quarter revenue of $ 333 million and $ 343 million. The initial guidance was £ 350 million of $ 355 million. Analysts polled by anticipated revenue $ 352,100,000 facts.

No comments:

Post a Comment