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Stock impact report

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

lululemon athletica inc. (LULU) 
Last lululemon athletica inc. earnings: 3/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lululemon.com
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in 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. Show less Read more
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