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Lululemon CDR (CAD Hedged)
Symbol LULU
Shares Issued 17,200,000
Close 2026-01-22 C$ 8.59
Market Cap C$ 147,748,000
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Globe/CP say Lululemon board blamed for product failure

2026-01-23 09:14 ET - In the News

The Globe and Mail reports in its Friday, Jan. 23, edition that Chip Wilson, the founder of Lululemon, blamed the company's recent issues with one of its new workout wear lines to the board of directors. A Canadian Press dispatch to The Globe reports that Mr. Wilson, who is seeking to make changes to the company's board, said Lululemon has lost its way as a leader in technical apparel. He said: "This is a new low for Lululemon. Pulling back the 'Get Low' product line after three days is clearly a total operational failure." He said the product issues are not the fault of any "hard-working employees." He said, "This is the fault of the board. 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." Lululemon recently pulled its Get Low collection of leggings, tights and tank tops from its website after customers complained products in the collection were ill-fitting and too sheer. By early afternoon on Thursday, it appeared the company was selling the products on their website again, now with a note suggesting customers buy a larger size.

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