Dive Summary:
- Lululemon Athletica is issuing a recall of unintentionally see-through black yoga pants, amounting to 17% of all women's pants sold in its stores.
- Prior to the recall, the company was on track for an 11% sales increase at stores open at least a year and expected first quarter revenue between $350 million and $355 million, but shortages of the staple product will likely drop the sales gain to 5% to 8% with revenue of $333 million to $343 million.
- In a statement, the company said that the issue occurred despite there being no change in the manufacture of, or ingredients used to make, the fabric.
From the article:
... "The ingredients, weight and longevity qualities of the pants remain the same, but the coverage does not, resulting in a level of sheerness in some of our women's black Luon bottoms that falls short of our very high standards," the company said in a statement late Monday. ...
