Lululemon leadership transition: CEO Calvin McDonald to step down in January; athletic wear brand wrestles with dropping sales
Lululemon leadership transition: CEO Calvin McDonald to step down in January; athletic wear brand wrestles with dropping sales
Lululemon CEO Calvin McDonald is stepping down January 31 amid a challenging sales year, with the board seeking a successor. The athletic wear brand reported a 2% net revenue decline in the Americas and a 13% profit fall in its third quarter, facing increased competition and market shifts. Shares rose over 10% following the announcement.
Lululemon CEO Calvin McDonald is stepping down January 31 amid a challenging sales year, with the board seeking a successor. The athletic wear brand reported a 2% net revenue decline in the Americas and a 13% profit fall in its third quarter, facing increased competition and market shifts. Shares rose over 10% following the announcement.
Lululemon CEO Calvin McDonald is stepping down January 31 amid a challenging sales year, with the board seeking a successor. The athletic wear brand reported a 2% net revenue decline in the Americas and a 13% profit fall in its third quarter, facing increased competition and market shifts. Shares rose over 10% following the announcement. 
