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Lululemon CEO Resigns Amid 50% Share Decline

1/18/2026

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Summary

Story summary

Lululemon Chief Executive Calvin McDonald is stepping down as the company faced a nearly 50% decline in shares last year.
Analysts criticize Lululemon for lacking innovation and playing it too safe, leading to unsold inventory.
Competitors such as Alo and Nike have gained ground by offering more appealing products.
The company is evaluating board suggestions from founder Chip Wilson while searching for McDonald's replacement.

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Story summary

Lululemon Chief Executive Calvin McDonald is stepping down as the company faced a nearly 50% decline in shares last year.
Analysts criticize Lululemon for lacking innovation and playing it too safe, leading to unsold inventory.
Competitors such as Alo and Nike have gained ground by offering more appealing products.
The company is evaluating board suggestions from founder Chip Wilson while searching for McDonald's replacement.