On Thursday investment firm
Analysts said it's good that Lululemon seems to have reached a truce with Wilson, but that the sale doesn't solve the company's other problems.
Sterne Agee analyst
"We believe the Lululemon brand has been significantly damaged as a result of all of the events in the past 18 months," he said.
Lululemon's stock price slumped after customers complained that some of its yoga pants were too sheer, making them see-through at times. Other problems included pilling, holes, and seams coming apart. Those problems were expensive to fix. Wilson upset some customers later in the year when he said some of the problems were related to customers' body types. Later in the year he agreed to step down as chairman.
Both Konik and Poser rate the shares at the equivalent of "Neutral."
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OCTOBER 31, 2014
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