Lululemon has some really, really bad news for all you ladies out there who like to spend $90+ on yoga pants and $58 on sports bras.
Basically, Lululemon is the most fabulous athletic wear brand in the world, and if you are a female who doesn’t own a Lululemon product you might as well just never leave your house, since it has become completely acceptable to wear yoga pants in public now. But to be seen in public in yoga pants that aren’t Lululemon is just gauche.
Unfortunately for all womankind, the ubiquitous yoga wear brand with the upside down “U” logo will soon have a shortage of its black leggings because a recent batch are too transparent and “falls short” of the company’s “very high standards,” according to the Wall Street Journal.
“We have determined that certain shipments of product received from our factories and available in store from March 1, 2013 do not meet our technical specifications,” Lululemon said in a statement to WSJ. “The items affected are certain styles of women’s bottoms in our signature black Luon fabric. The ingredients, weight and longevity qualities of the pants remain the same but the coverage does not, resulting in a level of sheerness in some of our women’s black Luon bottoms that falls short of our very high standards.”
But what of all the people do who want — no — NEED Lululemon yoga pants? You will all just have to tough it out “for the near term.”
“Over the past weekend we pulled all of the affected black Luon women’s bottoms from our stores, showrooms and e-commerce site and are working with our supplier to replace the fabric and our other manufacturers to replace these key items as quickly as possible,” the company’s statement continued. “We believe the affected items represented approximately 17% of all women’s bottoms in our stores and for the near term there will be a shortage of these styles available to our guests.”
According to the WSJ, Lululemon’s stock fell 3.8% Monday and another 5.2% in after-hours trading.
Apparently, stockbrokers don’t like the idea of sheer yoga pants, which doesn’t seem like something stockbrokers (who are mostly men) would think.