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April 3, 2013
17:05 EDTLULUlululemon cites fabric quality for black luon production issues
In a press release lululemon stated, "After an evaluation of lululemonís previously disclosed black luon production issues, the company concluded that the current specification and testing protocols for the signature fabric luon that were developed in 2006 have not materially changed. However, production of luon is a complex process with a number of different inputs, and fabric is the key factor. While the fabric involved may have met testing standards, it was on the low end of lululemonís tolerance scale and we have found that our testing protocols were incomplete for some of the variables in fabric characteristics. When combined with subtle style changes in pattern, the resulting end product had an unacceptable level of sheerness."
News For LULU From The Last 14 Days
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April 20, 2015
10:00 EDTLULUOn The Fly: Analyst Downgrade Summary
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08:55 EDTLULUlululemon downgraded at CLSA
As previously reported, CLSA downgraded lululemon to Underperform from Outperform. The firm downgraded shares due to valuation and maintained its $68 price target.
07:21 EDTLULU, LULUlululemon downgraded to Underperform from Outperform at CLSA
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