Lululemon recalls see-through black yoga pants.
The Vancouver-based company announced yesterday that they’re pulling the popular black Luon yoga paints from store shelves because the sheer material gave “unwanted exposure” to their customers’ assets.
After this announcement, Lululemon’s shares went down from $65.38 to $2.12. The company blames their supplier in Taiwan.
“The materials used in construction were the same but the coverage was not, resulting in increased sheerness,” the company said in a statement.
The company could loose up to a $20 million because of the huge recall.
The supplier, however, denies any wrongdoing.
Eclat Textile Co. of Taiwan told the Wall Street Journal:
“All shipments to Lululemon went through a certification process which Lululemon had approved,” Roger Lo told the newspaper. “All the pants were manufactured according to the requirements set out in the contract with Lululemon.”
Lululemon said customers are welcome to return the defective pants and can get a full refund.
While the company recalls all of the defective merchandise, they warn that this may result in shortage of certain tighter styles.
Does that mean there would be a yoga pant shortage? What would we ever do?