Fewer shoppers are visiting Lululemon stores because of the yoga-wear retailer’s repeated controversies, the company acknowledged on Thursday.
Chief Financial Officer John Currie said on a conference call with analysts on Thursday that this year’s many public relations fiascos have “undoubtedly” impacted Lululemon’s business.
“I think any time there’s negative PR for a company, there’s an impact on the business,” said Currie. “I’m not saying we can see a one-to-one correlation, but let’s face it, we’ve had lots of PR issues this year.”
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