Lululemon Athletica Inc , which was hit by a high-profile recall of overly sheer yoga pants in 2013, is recalling the drawstrings on more than 300,000 women’s tops due to the risk of injury, but said the financial impact was not material.
The U.S. Consumer Product Safety Commission and Health Canada posted the joint recall with Lululemon on Thursday and said consumers should either remove the draw cord or contact Lululemon for a non-elastic replacement.
Stock in the premium yogawear company was still up about 0.3 percent at $67.62 on Nasdaq
All the share price was not effected, I feel that Lululemon is lacking in it’s quality assurance standards. A company with lululemon’s status as a higher price product should not be in this predicament.