Story perspectives

Lululemon's Quality Crisis: Founder Calls for Board Action

2/16/2026

Summary

Story summary

Lululemon faces quality problems, including see-through leggings, prompting Chip Wilson, founder of Lululemon Athletica Inc., to criticize the board.
The company reported revenue of $11.07 billion for the year ending November 2025.
Its stock has fallen nearly 53%.
Analysts say the company must innovate and improve quality to regain loyalty.
With the former CEO stepping down, there is potential for new leadership to revitalize the brand and address these concerns.

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Story summary

Lululemon faces quality problems, including see-through leggings, prompting Chip Wilson, founder of Lululemon Athletica Inc., to criticize the board.
The company reported revenue of $11.07 billion for the year ending November 2025.
Its stock has fallen nearly 53%.
Analysts say the company must innovate and improve quality to regain loyalty.
With the former CEO stepping down, there is potential for new leadership to revitalize the brand and address these concerns.