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Lululemon's CEO Steps Down Amid Sales Slowdown

12/14/2025

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Story summary
  • Lululemon Athletica will have CEO Calvin McDonald step down at end of January 2026.
  • The move followed a U.S. sales slowdown, which coincided with a roughly 10% stock rise.
  • Interim co-CEOs are Meghan Frank, CFO, and André Maestrini, CCO.
  • U.S. President Donald Trump threatened tariffs on Canadian fertilizer imports, affecting Nutrien Ltd., supplier of over 80% of U.S. potash.
  • Canada reported a September trade surplus driven by higher gold exports.