Lululemon A Buy, Despite Embarrassing Luon Recall: Citi

Lululemon Athletica inc. (NASDAQ:LULU) (TSE:LLL) has taken a hit this year after it was forced to recall its Luon brand, but it is still growing rapidly as a high-quality luxury sporting wear brand. Citi analyst Oliver Chen thinks that Lululemon Athletica is still a buy, as it has created a profitable market niche that it continues to dominate, with room for expansion into men’s apparel.

Lululemon Athletica recalls yoga pants

Lululemon Athletica inc. (NASDAQ:LULU) (TSE:LLL) had to recall its yoga pants last March for being too sheer, bringing on a wave of bad press...