Lululemon (LULU) confirmed to Bloomberg that it removed its new Get Low workout apparel line from its website following a recent launch. A Lululemon spokesperson said in a statement: “The collection remains available in our stores in North America, but we have temporarily paused sales online in the market to better understand some initial guest feedback and support with product education. We expect to bring the collection back to our North America e-commerce channels soon and the collection continues to be available in other markets.” Analysts pointed out that weblinks links to products didn’t work and that there were online complaints about the line, Bloomberg’s Lily Meier notes. Shares of Lululemon are down 5% to $192.77 in afternoon trading.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LULU:
- Lululemon halts online sales of new line following pushback, Bloomberg reports
- Midday Fly By: Netflix and Warner amend deal, GSK to acquire Rapt
- Lululemon price target raised to $209 from $203 at JPMorgan
- Morning Movers: Fastenal and 3M slip following quarterly results
- Lululemon founder looks to remove Advent influence from board, Semafor reports