Friday, March 14, 2014

NEW! Yin to Yang Hobo Bag







Thanks to Ms. K. for this photo.

New bag called the Yin to Yang Hobo. Also shown is the new Daily Practice LS manifesto burnout tee.

39 comments:

stylista diva said...

I really like that bag. The more I see of the light grey WUs, the more I like them, though I'm worried they would show sweat easily. I tried the Manifesto today - it fits larger than normal. I usually take a 6 in most jackets and tops but I had to size down in this one.

itradestocks said...

Hi LLA, are you following the lulu stock disaster situation? I heard rumors that Under Armour might be on the prowl for Lulu. Have you heard anything as I am sure those guys are going to destroy the brand. what do you think? Remain a lulu addict or move to underarmour addition?

Any new lulu alternatives you can recommend?

thanks

LuluAddict said...

@tradestocks - WHAT?!?!? Ugh, UA blows. Unless lulu stayed the exact same I'll start hoarding.

LuluAddict said...

@ anon 6:08 pm - Ugh, did you get this UA idea from Seeking Alpha? They talk out their ass.

Anonymous said...

Unrelated to this post, but if anyone is looking for the Camo CRB in size 2, shoot me an email to elisabethmason@live.com. I bought an extra for a friend but she ended up not needing it. Will sell for actual cost with tax (9.5%) + shipping (from the US). Thought I'd offer it on here before I return it to the store.

Anonymous said...

Decent looking bag, but I'm not sure about the mesh on the outside- it seems like it could catch on stuff and rip or snag.

itradestocks said...

Hi LLA, lots of chatter on the wall trading desks. Its been a reversal of fortunes as UA has gone from being a $8bln to $12bln and Lulu has gone from $12bln to $6.8bln. Staggering $6bln market cap evaporation for Lulu.

Lots of shorts on Lulu with people betting that Potdevin sells to make a quick buck as he dosent have the experience or the depth to run large retail or production. Running Lulu's supply chain in China is far diff that making Tom Shoes. Traders got betting he sells to make quick $$ for himself + makes sense for UA as they are trying to break into women's and physical retail.

Anonymous said...

I like this bag but not sure about the mesh on the outside.. Might snag on everything like the Velcro on my jackets and stuff. Undecided although I could really use a new bag!!

LuluAddict said...

@itradestocks - so Potdevin just starts as CEO and turns around and sells the company 2 months after starting and works for someone else? Does that make sense from an ego point of view?

Also, Potdevin was CEO of Burton before Toms. I found revenue estimates for Burton of about $700M, about half of lululemon. I don't think it's that big a leap.

That is not how he has done things at Burton and Toms. He seems to like to stick around.

Anonymous said...

Ugh, hope the UA rumor is not true! Just told hubby, though. He dumped all our Lulu stock a couple months ago. Now he's really glad he did.

Anonymous said...

Long time lurker but I've never felt compelled to post until now. LLA, I'm curious about your "UA blows" comment. I've been really happy with the stuff I've bought from UA. True, their hoodies ain't Scubas... but they don't carry the price tag, either. And my UA leggings and tanks have held up better than my Nike gear.

Anonymous said...

Rumours: as always, interesting to read this blog! It seems to me they would not have hired Potdevin at all if they were planning to sell LLL. They would have just let CDay hang about longer and then sell it.

And agreed, there is no way UA has the appeal that LLL does. I think I would feel very "meh" if it became the parent company and still tried to operate it as LLL.

As for the bag: easy pass. It looks cute but the mesh on the outside is not practical. I want my stuff in a solid pocket and also not catching on things or other people. Even though maybe the mesh is only one side, I don't want that material abrading against my clothes.

Anonymous said...

Anyone know if this bag zips closed in the main opening?

Anonymous said...

Was just searching the rumors. I found this, had no idea this is where she'd gone. Hardly a step up/progress, imho.

http://www.vancouversun.com/business/Lululemon+Christine+named+Derek+Jeter+backed+meals+seller/9387227/story.html

Among other links, I found this too. I'm no expert but UA would still need to be worried about LLL as a competitor, even though LLL still has challenges. Hands down, LLL has more brand appeal.

http://www.fool.com/investing/general/2014/01/25/lululemon-has-tanked-is-under-armour-next.aspx

Anonymous said...

hi LLA I can't stand UA talk about cheap and uninspiring clothing. If indeed they are taking over, they will probably just kill the brand.
I personally think it is just rumor.

M

Anonymous said...

Lulu needs to focus on a few markets instead of all the markets, They should have had a good model in place before they decide to blow up all over the world. It seems like thats when the quality decline started. They will get it figured out. Hopefully. Athleta has done better under the gap logo but i would credit its recent success to copying lulu...UA too. Everything you see in their line up outside of the original compression pieces had lulu written all over it. Although...I kind of feel like when I see the 5th grade girls at my daughters school wearing full on lulu and middle school boy wearing it at my son's school that maybe, it has run it's course. I have loved the recent designs, they seem to be more like those of the old but honestly...how can you keep pace with releasing 25-30 new items a week. It seems so simple that they should focus on improving the quality of the core pieces and restoring in image a bit. At the store wear I shop, they are so accommodating and never give you any grief about anything. You can see a big difference it the attitude vs a couple of years ago, so that is a plus. They are trying. I hate to see another smaller independent company get gobbled up by a huge company like UA. It won't be special anymore. Just one more thing you can get anywhere in the US. Just my opinion

Anonymous said...

wow that would be a shame- lulu no more! I agree w/ LLA Hoard while you can!

Stephanie said...

OT: does anyone have a pair of size 6 WAFS fatigue WUCs i could buy? I'd be so grateful!

Anonymous said...

HELP!!!
Did they already upload the solid heathered black and grey "live natural" crops? I saw the ombré but I don't remember the solids online.

LuluAddict said...

@ anon 8:06 am - I'd rather Nike buy them. At least Nike has interesting designs.

LuluAddict said...

@ anon 3:29 am - I've bought a few UA things. One was a tech shirt with my college logo on it, it was scratchy and hot. The crops I've tried on all seem to fall down my waist. For the price point, they are ok, but the fit is not great and the designs are not that exciting. They do have color but the are definitely "big box" looking.

If I had to buy big box, I find Nike more appealing.

LuluAddict said...

@ anon 3:29 am - I've bought a few UA things. One was a tech shirt with my college logo on it, it was scratchy and hot. The crops I've tried on all seem to fall down my waist. For the price point, they are ok, but the fit is not great and the designs are not that exciting. They do have color but the are definitely "big box" looking.

If I had to buy big box, I find Nike more appealing.

Anonymous said...

does the daily practice LS run TTS please?

Anonymous said...

Yeah i agree w/ lla again nike at least has good designs their golf line is pretty nice and i like some of their shorts they put out in the summer. Some pullovers but not the uniqueness that lulu has and yes anytime any company keeps expanding getting bigger etc. they loose their specialness! Seems like all companys do though its inevitable, so get w/ them when they are small and say goodbye when they get too big!!!!

Jen said...

If anyone buys lulu, I'm hoping for Adidas. Maybe then I could get DH to wear lulu. :) Plus, love their Stella McCartney line.

But I hope lulu isn't sold.

itradestocks said...

Hi LLA,

sure, I know potdevin's past at Burton and Toms and at LVMH.

LLA, I read you are a supported of potdevin, but you are getting sucked into the lulu hype about him.

Word on him is that he is a nice guy but doesn't have the depth or experience to lead this company. Putting a swiss guy in charge of a Canadian brand, which has 90%+ revenues coming from the US is probably not the best solution. He has no manufacturing experience. Burton/Toms are privately held smaller companies. Investors at least felt that Christine D. was a attack bulldog who got it done. Also Potdevin has very little power - In the end, Chip W. (another gigantic disaster) remains a very strong board member with a big equity stake- potdevin has no major equity stake and just a puppet of the lulu board. Also a lot of comments here seem to sugegest that they have a "choice" to sell - if you loose $6billion dollars of equity for investors in a year - trust me the investors will be on your case to do something before they loose another billion or two. The stock is a absolute disaster. Both Fidelity and Thornberg - the 2 largest institutional investors are cutting exposure to Lulu agressively.

My personal feeling it that there is zero chance that nike touches lulu. There is no intellectual property or tech in lulu - very poor R&D and using bad fabric technology - and now the even the brand is broken with all the shenanigans. Prob a good opportunity for UA but they will ruin the brand. I think this is a great opening for newer brands in this space that are committed to hi-end technology and understand the lifestyle positioning. I hear that Nike is trying to do a lot more with their Women's.

@8:56 AM - you have some good points about investing in product as opposed to just building stores. Also lulu is not "small and independent" - till last year it was nearly double the size of UA as a company. The guys at vancouver like to portray themselves as a small co but actually they are a large box themselves with 300 stores.

@10:10 PM - good call by your hubby on the stock. He dodged a major bullet.

Hope my 2 cents dosent offend anyone. I like (some of the) product but there are a lot of issues.


Anonymous said...

I'm always grateful to have found LLM at the start of exercise journey. Was super uninspired when I visited the usual Nike, Athleta and Adidas stores and everything felt meh when I touched them. Nike tempo shorts were also unattractive on me. Why are they so popular? When I first put on groovy shorts and swiftly tech tanks, it's like the exercise godmother had visited! My butt is so in love with wonder unders crops. Despite the snagging problems in my swiftly techs, I still can't stop buying them. They are so comfy!

I'll not be so quick to say UA should not take over LLM. They would be in a very good position to help LLM with their quality problems, as they have ample production experience.

But I sure hope they let LLM keep exercising their creativity juices. Otherwise, other brands would have no one to copy designs from! ;)

LuluAddict said...

Interesting, itradestocks.

I don't know that much about Potdevin, only what I google.

I don't get the wild support for Day, though. She had no manufacturing experience, either, I believe. Definitely no apparel experience and it showed.

Wall Street values different things about lululemon than the customers, though. Day was a favorite because she pumped the revenues through [over?]expansion and grew margins by cutting the quality. The stock grew and grew, Wall Street toasted her, and meanwhile the people who actually bought the brand knew the quality was slipping away. Day got the company into the mess it is today.

I'm not sure what Potdevin being Swiss has to do with anything and 90% of the revenues coming from the US does not sound right. This company started in Canada and is still fairly popular in Canada. My googling showed that 61% of the revenues come from the US now and 34% from Canada.

I still don't understand how you say he doesn't have manufacturing experience since Burton and Toms made clothing and other items. He has lots of apparel experience, something Day did not have.

I didn't say Nike would want lululemon. Like you say, what would they bring them? I don't understand why you say the company has poor R&D, either. Do you wear their products? I think they perform a lot better than the great majority of the competition, even the pricier competition, such as Zobha or Kira Grace. What lululemon has, that really NO ONE else has, is a fabulous FIT. Nobody has replicated that and THAT is a large part of why they have a fanatically loyal customer base.

In the end, the stockholders will do what they will do to make a quick $. No analysts noticed the precipitous decline in quality of the product as the stock went higher and higher. There was a lot of short term gain and now that Day ran the company pretty much into the ground, quality and reputation-wise, they want to sell the company to make another quick buck. I can't see selling the company does much for the lululemon customer. I would hope Potdevin can convince the stockholders to wait since the new full on luon and full on luxtreme are good fabrics, the quality issues have largely been abated, favorite designs have been brought back, and people have been crashing the e-commerce site several times buying new product since the start of the year so lululemon is definitely on a comeback.

Anonymous said...

Anon@9:25, I so agree about the Nike shorts! They look like a fully loaded diaper on me! Not flattering at all, and way too much fabric (and I do not have skinny, bird legs either!)

LuluAddict said...

@itradestocks - Why would UA *want* lululemon? UA has an extensive women's line and there is a ton of overlap. Lululemon just isn't about yoga clothes, though I see analysts and media say this all the time. Lululemon has a big run line, too, and all their clothes work for general fitness wear. It certainly isn't "specialized" for yoga.

Anonymous said...

Well said LLA! You touched on every point and most importantly is Potdevin is a great leader and just starting in January wouldn't jump ship so quickly. His loyalty to previous companies including Louis Vuitton of which has the strictest quality control in the industry shows his commitment.

Anonymous said...

LLA, I completely agree with you. The quality issues seem to be gone and their products are getting better. No other athletic brand fits like LLL. I tried them all, even ordering small brands online. Once I bought LLL over four years ago, there was no going back to the others. If you can afford it, it is totally worth it. I often read in business articles about the limited customer base of yoga enthusiasts. I never do yoga, but I do nearly every other activity in my lululemon--running, various classes at my gym and barre.

One issue is overcoming the perception of low quality with a high price tag--the idea of people just paying for the brand name. Some people's first experience with the brand happened during their low point in quality. That will not be easy to overcome, especially for those who view LLL purchases as a big splurge. It will take some time, but I believe it can happen.

itradestocks said...

Hi LLA,

you do make some good points.

The big difference is time - Day came when the company was small and grew it. Potdevin has come where the company is imploding - he has a far shorter stick to work with.

The point I was trying to make is that culturally potdevin is going to have a tough time. Till you don't have a large equity stake in the company or the founders have given over full power its hard to execute. He doesnt have a lot of power in the co to execute. Thats just the consensus.

Lulu has good fit but their R&D is lacking. You can see their financials - they don't invest anything in R&D as opposed to companies like UA and Nike. They have a massive disadvantage with production as they have positioned themselves as a expensive/lifestyle brand but the reality is that they manufacture in cheap labor environments such as asia and positioning themselves as a "premium" brand - is a bit of a lie. I feel that there is a growing movement in retail against products made in cheaper countries such as bangladesh/vietnam especially at premium price points. Companies producing domestically have a far compelling proposition and they will nail the fit even better than lulu. I have a lulu jacket which has a terrible arm hole construction - I can barely raise my arms - its quite a common issue with production in asia - so fit for them is also a bit inconsistent. If you heard the earnings call a couple of quarters ago - Day mentioned how fit had gotten inconsistent amongst their factories and they were working on it to get fit back to normal.

Why would UA buy Lulu - because Lulu have lost 7bln in market cap in the last year. Its equivalent to being a horse with a broken leg. UA gain a lot by building their women's business and have a 300+ stores where they can put UA product and grow earnings much faster. I agree with you - today yoga means - general women's fitness wear.

Anonymous said...

@ LLA, always spot-on with your comments and observations.

@itradestocks...I don't think you have that much practical experience with LLL or really know what you're talking about. Christine Day did run it into the ground and up until a little over two years ago, LLL quality was superb! She took all that away in order to increase production and profit (ultimately delivered to shareholders). Fully agreed that Chip Wilson should keep his mouth closed. I shudder to think he still has a hand in the business.

I laugh at your derogatory comments about Potdevin. Let's see you run a number of significant companies! Quality of design and fabric are keys for LLL. Potdevin needs to get LLL back to quality. Customers want quality when new items are released. They are willing to pay for quality and yes, some of us buy ore than we need. Some customers will also tell you they don’t need an upload every week. That’s actually a lot of pressure on a company to deliver (never mind people who stay up or wake up for an upload; I don’t). Would every two weeks be so bad? First world problems!

BTW, I realize there is such a thing as auto correct on a device, but these errors appear to be your own. Even though these are just blog comments—-and I normally could care less about typos here—-for someone trying to give advice, you come off as pretty unprofessional. Don't get me started on overall presentation of thought and what should be capitalized and what should not.

Seriously?

- "loose" it's actually "lose"
- "sugegest" should be "suggest"
- "The stock is a absolute disaster"...try an
- "agressively, try "aggressively"
- dosent, try "doesn't"

Anonymous said...

This is crazy lulu is a public ally traded company right? The CEO just can't sell it. Plus another company can buy it just like that stupid company took over anheiser busch

Anonymous said...

I agree lla, no one even comes close to lululemon in terms of fit and performance (yoga,pilates, & sweaty workouts--I don't run, so can't speak for that). I spent 2-3 hours at a high end 'athleisure' store that carries stella, adidas, mpg,y-3 etc and NOT ONE of them came close to the comfort,quality and performance of lululemon! Most of the pants that had style were either too sheer or slid down and showed butt crack when you bent over, the seams were curled and loose threads were everywhere! I went in prepared to 'break-up' with lll, but came away empty handed with a better appreciation for lululemon. I do not understand why people are complaining! I wear mainly athleisure gear and reach for lulu before anything else. Lulu blows EVERYONE AWAY. Especially now--designs, fabric, quality are steadily improving (frankly can't see how it can get much better) and I have noticed customer service (esp in store)has also noticeably improved. If lulu were to be sold, I would stop buying athletic wear--I have more than enough.

LuluAddict said...

@itradestocks - "companies producing domestically will nail fit better than lululemon". Easy to say but REALLY hard to do.

NO ONE DOES FIT BETTER

I've tried a few domestically-produced companies- Yogasmoga being the latest. Fabric was nice, very nice, in fact I think lulu should steal. But fit and design? Pffft. Looooong way to go.

Other domestically produced brands -

Beyond Yoga, which is made in LA (I believe fabric made elsewhere) - ok fit but not lulu. Styles are ok but nothing exciting.

Kira Grace - made in US, fabric made elsewhere, I also think. Styling is very nice, but fit need some work.

Lijastyle - Canadian made. Nice designs, nylon fabrics, some decent functionality. Fit needs some work.

Zobha - not made in the US, I believe. Fit does not touch lululemon.

Margarita, made in Israel - fit and features do not touch lululemon.

MPG - fit all over the place.

Lucy - fit and fabric hit or miss, has an older vibe.

Athleta - fit and fabric hit or miss and too much polyester in fabrics.

I've tried more but these are just a few.

One exciting thing Potdevin COULD do is bring back manufacturing to North America. That would certainly please customers. That would cut the margins, though. However, if it meant better quality, I'd pay a little more. I definitely like to buy clothes made here.

Lol on the fit getting inconsistent in the lulu factories. I wonder why that is. Don't you think Day issued directives to relax specifications and tolerances on manufacturing? The slide in quality came at her direction - using cheaper/lighter weight fabrics, less stitching per inch, bleeding - that was all done by direction. Prior to her coming on board, lululemon was KNOWN for quality. And the factories not having any QA to keep an eye on them and inspection at the factory or upon being received in Canada/the US? Who do you think did NOT hire enough QA people and expanded beyond their infrastructure? SHE DID. Because she either didn't know better or just wanted to save a buck and look better in profits. Very short-term thinking and it bit them in the ASS - QUICKLY.

I shudder to think of UA being sold in LLL stores. They are a "boutique" brand. They should stay that way even if they get bought out by someone else.

So the CEO won't have the power to execute? Hmm, are lululemon employees going to rebel against their new CEO? OR, are you implying that Wilson will step back in to take the reigns because he can't help himself? Because, honestly, that is what I suspect happened when the sheer pants hit the news. Wilson stepped back in and HE is the one behind the the fan-favorites coming back, designs being changed back (i.e., Scuba II over the new Scuba stretch), and new prints (beachscape, milkyway, pique), new practice cotton fabric that everyone can't get enough of that are draining hard core fans wallets. He might be an ass but he seemed to know what his customers wanted, he is the one who started the company after all and it didn't succeed because it was all hype and marketing.

I've got to think long time lululemon employees were kind of sick at how the company was run into the ground and are looking for someone to get them back to where they were. If I worked there, I'd certainly be hoping our new CEO was the one do it. He comes from a couple of cult brands so he has got to understand the culture and the relationship hardcore fans have with favorite brands. You might be right about LLL getting sold/ripe for a takeover but I think your pinning it on Potdevin is wrong.





Anonymous said...


As a hardcore runner, I can attest that my Lulu running clothes are more functional, wick, don't stink, move with my body, and fit better than anything else out on the market. I've worn Nike, Adidas, New Balance, Asics, Oiselle, Icebreaker, Brooks, InSport, Moving Comfort (during it's inception), REI,Sporthill, Duomax, Underarmour, Northface, and Zella running apparel. I have worn Lulu for overnight 3 legged relays, many marathons, a half marathon on the East Coast in August (never will run that long a race there at that time of the year again!), and killer track workouts in hot, humid weather. My Lulu always holds up better than I do. It washes up fine and the colors usually don't fade. I for one will be severely disappointed if Lulu sells out to UA. If you think we bitch about quality and fit issues now, wait til that happens.

Anonymous said...

Great comments LLA. I have tried all sorts of brands that are considered premium quality, and none of them come close to Lululemon I love the fact that some of their gear can pass as work wear which is great.
Athleta is a pure knockoff of lulu, but the high poly content just makes their stuff uncomfortable.

M