Lululemon has unveiled a new line of yoga pants, but sadly, they’re all sold out. Yoga enthusiasts eager to get their hands on the coveted 'spray-on yoga pants' designed by Jimmy Kimmel are out of luck.
Lululemon Athletica inc. shares fell more than 10 per cent in pre-market trading after the fashion retailer said its sales have dropped off in January and its fourth-quarter results will be lower than expected.
Lululemon Athletica will pay its new chief executive at least US$3.1 million in salary, stock and bonuses in his first year on the job, according to documents filed with the U.S. Securities and Exchange Commission.
Lululemon Athletica named a new chief executive Tuesday and announced founder Chip Wilson is stepping down as chairman, just weeks after his controversial comments that seemingly blaming customers' weight for problems with the company's yoga pants.