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Lululemon exec out after pants recall
Vancouver, British Columbia -- Lululemon Athletica Inc. said that chief product officer Sheree Waterson will be leaving Lululemon effective April 15, in what it described as a “leadership change in the product organization.”
The news comes just weeks after the specialty retailer had to recall its signature Luon-fabric yoga pants from store shelves for being too sheer. The company warned that the move could lead to shortages and dent its profit by up to $40 million this fiscal year.
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Francesca’s opens at Exton Square Mall, Teavana on deck
Exton, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said Tuesday that Francesca’s Collections has opened at its Exton Square Mall property, in Exton, Pa.
The arrival of the 1,300-sq.-ft. Francesca’s store will soon be joined by Teavana, which is set to open a 1,000-sq.-ft. store this summer.