Lululemon CEO McDonald to step down
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Some analysts think Calvin McDonald’s departure paves the way for a pivot for the beleaguered activewear company, and its stock.
The move was cheered by not only analysts but by Lululemon’s founder and one of its largest shareholders, Chip Wilson, who left the company a decade ago under pressure from the
The athleisure giant is finally making changes to its overcrowded, inventory-packed stores.
Feeling the heat from rivals and unable to address decline in its domestic market, Lululemon has announced CEO Calvin McDonald will leave his role at the end of January.
The sell-off and the troubles surrounding Lululemon have caught the attention of many people, including its founder and previous CEO, Chip Wilson. He doesn't seem all that surprised by its challenges, as he doesn't appear to be convinced that the business is going in the right direction.
Joining me today to talk about our results are Calvin McDonald, CEO; and Meghan Frank, CFO. Before we get started, I'd like to take this opportunity to remind you that our remarks today will include forward-looking statements reflecting management's current forecast of certain aspects of lululemon's future.
Strong Buy with discounted valuation, robust international growth, and innovation. Click here to read this LULU stock update.
Lululemon CEO Calvin McDonald will step down in the first quarter of 2026 as the athleisure clothing brand faces significant competition challenges.
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