Wildly popular “Luon” yoga pants were pulled from shelves after customers complained the workout pant came with the added bonus of becoming invisible in certain light. The company put the ill-timed (see below) snafu this way, “Some of our bottoms were made with a batch of black luon that doesn’t meet our standards so we’ve pulled them from our floors and our website.” So they are too sheer…
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The company that makes the trendy yoga gear is also suffering from a case of bad timing as the sheer mistake comes just one day before the they post their final quarter earnings…
Lululemon Athletica, based in Vancouver, British Columbia, cut its first-quarter revenue forecast as a result of the recall. The company now expects first-quarter revenue between $333 million and $343 million. Its prior guidance was for $350 million to $355 million. Analysts polled by FactSet expect revenue of $352.1 million. It also lowered its first-quarter outlook for comparable store revenue, from 11%, to 5% and 8%. source.