Add news
March 2010 April 2010 May 2010 June 2010 July 2010
August 2010
September 2010 October 2010 November 2010 December 2010 January 2011 February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019 September 2019 October 2019 November 2019 December 2019 January 2020 February 2020 March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 September 2020 October 2020 November 2020 December 2020 January 2021 February 2021 March 2021 April 2021 May 2021 June 2021 July 2021 August 2021 September 2021 October 2021 November 2021 December 2021 January 2022 February 2022 March 2022 April 2022 May 2022 June 2022 July 2022 August 2022 September 2022 October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 August 2023 September 2023 October 2023 November 2023 December 2023 January 2024 February 2024 March 2024 April 2024 May 2024 June 2024 July 2024 August 2024 September 2024 October 2024 November 2024 December 2024 January 2025 February 2025 March 2025 April 2025 May 2025 June 2025 July 2025 August 2025 September 2025 October 2025 November 2025 December 2025 January 2026
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22
23
24
25
26
27
28
29
30
31
News Every Day |

Lululemon's founder is blasting the company for selling sheer leggings, calling it a 'new low'

Chip Wilson said the recall of see-through leggings was a result of Lululemon's incompetent board.
  • Lululemon's founder, Chip Wilson, had a lot to say about the recall of the sheer "Get Low" leggings.
  • Wilson said the recall was due to the Lululemon board's inexperience and shortsightedness.
  • Lululemon issued a similar recall in 2013, when Wilson was on the company's board.

Lululemon's founder said the athleisure company's recall of its sheer "Get Low" leggings was a "new low" for the brand.

Chip Wilson, Lululemon's founder and former CEO, said in a Wednesday LinkedIn post that the pullback of the leggings was a "total operational failure," and the fault of the company's board.

"I've believed that Lululemon has lost its cool for some time, but it is now evident to me that the Company has completely lost its way as a leader in technical apparel," Wilson said on LinkedIn.

He slammed the board, calling them inexperienced and shortsighted.

"It is clear that persistent failures like this are born out of this Board's lack of experience in creative businesses, disinterest in product development and quality, and focus on short-term, self-interested priorities," Wilson said.

Lululemon said in a statement to Bloomberg on Wednesday that the collection was still available in stores, but its online sales had been temporarily paused because of guest feedback.

The recall took place less than two years after its "Breezethrough" product line was pulled from the market in July 2024, following customer complaints about unflattering seam lines.

Analysts took note of the "Get Low" recall.

"LULU's withdrawal of a new legging line underscores ongoing execution issues in its core and raises further concerns about the durability of its innovation engine and premium positioning," Jefferies analysts wrote in a Tuesday note.

Lululemon's stock price is down about 10% over the past five days and has dropped more than 50% over the past year.

However, Lululemon had another sheer leggings fiasco more than a decade ago, when Wilson was still on the company's board.

In 2013, Lululemon recalled 17% of all its pants for being too sheer. At that point, the company blamed the manufacturing error on an incomplete testing protocol.

This is not the first time Wilson has publicly criticized the brand since he left the company's board in 2015.

He slammed the company's succession plan after CEO Calvin McDonald, compared its trajectory to a "plane crash" and a "sinking ship."

In December, he launched a proxy fight to shake up the company leadership. As the largest shareholder, he nominated three new board members of his choosing.

Read the original article on Business Insider
Ria.city






Read also

Sports Betting Tutorial – You Should to Know All About Before Your First Bet on Sports

Jed Hoyer Confirmed Important Shift in Cubs Free Agent Strategy

California father says Newsom ignored him after illegal immigrant trucker left daughter unable to walk

News, articles, comments, with a minute-by-minute update, now on Today24.pro

Today24.pro — latest news 24/7. You can add your news instantly now — here




Sports today


Новости тенниса


Спорт в России и мире


All sports news today





Sports in Russia today


Новости России


Russian.city



Губернаторы России









Путин в России и мире







Персональные новости
Russian.city





Friends of Today24

Музыкальные новости

Персональные новости