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March 19, 2013 | By Tiffany Hsu
Lululemon Athletica Inc.'s problem isn't just that a batch of its black yoga pants were made too sheer and had to be recalled - the popular retailer is now downgrading its financial predictions and watching its stock do a downward dog. The Vancouver, B.C., company said late Monday that it pulled the women's pants from its stores and e-commerce sites over the weekend after learning that the material was too revealing. The Luon fabric is produced in Vietnam and Taiwan and made with a mix of nylon and Lycra spandex fibers.
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BUSINESS
March 11, 2008 | Alexandria Sage, Reuters
That pair of scuffed running shoes you wear to the gym may not look like much, but it represents a battleground between a sports apparel upstart and the industry Goliath over a newly minted market. This spring, Nike Inc. and fast-growing Under Armour Inc. will both launch next-generation cross-trainers that are a quantum leap from the multisport sneakers that have descended from trendy to tired in the last few decades. The new shoes are designed to handle various training activities, from sprinting to pumping iron, within a specific sport.
NATIONAL
March 30, 2007 | From the Associated Press
Immigration agents arrested 69 people Thursday in raids on a temporary-employment agency's offices and places where it provided illegal immigrants as workers, including the port of Baltimore, authorities said. U.S. Immigration and Customs Enforcement agents also seized a bank account containing more than $600,000 from the company, Jones Industrial Network.
BUSINESS
March 19, 2013 | By Tiffany Hsu and Martha Groves, Los Angeles Times
When Santa Monica publicist Kevinie Woo got the word of a looming shortage, "at first I was a little bit panicked. " The product in question: yoga pants. But not just any yoga pants. Lululemon Athletica Inc., the purveyor of pricey athletic wear, is warning of a squeezed supply of its signature black yoga pants, form-fitting women's garments that have developed an almost cult-like following nationwide. The news came after the company announced it would be recalling thousands of pairs from store shelves because of a manufacturing defect.
BUSINESS
July 13, 2011 | By Andrea Chang, Los Angeles Times
With women willing to spend $100 on a pair of cute yoga pants, retailers are racing to make workout clothes that are as much about style as sweat. Athletic clothing has traditionally been relegated to the gym, where women would huff and puff in un-glamorous get-ups — think oversized men's T-shirts and baggy sweatpants. But now that more women are pursuing active lifestyles — juggling Pilates, spinning classes and hikes in Runyon Canyon with busy professional and personal lives — what was once a limited market for fitness apparel has taken off. High-end brand Lululemon Athletica Inc. has been adding to its yoga and running lines, experimenting with cycling products and opening stores in new markets.
BUSINESS
February 24, 2012 | By Tiffany Hsu, Los Angeles Times
Jeremy Lin's buzzer-beating three-pointers and underdog past have basketball fans and neophytes alike hooked on one of the most captivating — and pun-happy — Linderella tales in a while. Now, if only businesses could figure out what to do with him. Retailers caught unprepared for his sudden ascent have hustled to get Lin-branded merchandise on their shelves. But the big money for Lin isn't in shirts and caps; it's in his image and his staying power — and what he and major sponsors can do with that.
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