NEW YORK, United States — Yoga wear maker Lululemon Athletica is reporting fourth-quarter results that beat Wall Street expectations. But the Canadian company said Thursday that its decision this week to pull its popular black yoga pants off the shelves because the fabric showed off too much of their wearers will dent their financial results for this year.
VANCOUVER, Canada — Lululemon Athletica Inc. fell after it said a shortage of a women’s pants line will have a “significant” effect on financial results and will mean its first-quarter revenue will be lower than forecast.
Fashion forward (The Economist) “Flogging fashion is like selling fish, as Amancio Ortega, the founder of Inditex, likes to say. Fresh fish, like a freshly cut jacket in the latest colour, sells quickly and at a high price. Yesterday’s catch must be discounted and may not sell at all. This simple insight has made Inditex one of the world’s two biggest clothes makers. ” Neiman Marcus to woo China shoppers via the web