A lawsuit accusing lululemon athletica of defrauding shareholders by hiding defects in some yoga pants that led to a costly recall and caused the retailer's stock price to fall should be dismissed, a U.S. judge said. Investors accused lululemon of failing to disclose how its black Luon yoga pants were too sheer, falsely touting its quality control, covering up an inability to address shortfalls, using deep discounts to boost market share, and concealing plans to replace its then-chief executive, Christine Day. The case arose after shoppers found that pants containing lululemon's proprietary Luon fabric were see-through when worn.
British Columbia
VANCOUVER, British Columbia — Lululemon reported results for the first quarter ended May 5, but the news of the day was CEO Christine Day's resignation after five and a half years. Day will...
Mississauga, Ontario -- Target announced the soft opening dates for 24 locations in Western Canada, with 22 stores opening on May 7 and two opening on May 14. The openings, which include stores in British Columbia, Alberta and Manitoba, follow the...
Home Improvement Retailer currently accepting applications for full, part time, seasonal, and permanent positions. TORONTO, Feb. 5, 2013 /CNW/ - Lowe's Canada expects to hire approximately 1000 seasonal and permanent employees during spring in Canada -...
The Canadian division of Toys "R" Us has added new distribution capacity in British Columbia to receive imports and improve shipping to local stores. The 180,000-sq.-ft. facility, located in the Vancouver suburb of Delta, is the retailer’s third...
] VANCOUVER, British Columbia (Business Wire) Ecommerce web pages are 9% slower than they were in 2011, page sizes are growing rapidly, and Internet Explorer 10 is the fastest of the major browsers. These were among the key findings of the quarterly State...