Lululemon CEO Calvin McDonald to depart
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If you ask me, lululemon has a way of making everyday essentials feel a little more special, which might be why our shopping editors here at Yahoo Canada are obsessed. From sleek bags to cozy jackets, we own quite a few pieces from lululemon ourselves.
The athleisure giant is finally making changes to its overcrowded, inventory-packed stores.
Goldman Sachs analyst Kash Rangan lowered its price target to $220 from $320, while maintaining a neutral rating. Rangan cited modest reported revenue growth and noted that higher capital expenditures and free cash flow burn increased concerns over Oracle’s growing financial needs.
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.
Six companies, including Alnylam Pharmaceuticals (ALNY) and Seagate Technology Holdings (STX), are set to join the Nasdaq 100 Index (NDX) as part of the benchmark’s annual reconstitution this month, with Biogen (BIIB) and Lululemon Athletica (LULU) among notable exclusions.
Lululemon Athletica’s chief executive, Calvin McDonald, will step down from the role early next year, the company announced on Thursday, as the brand that helped put athleisure wear on the map looks to regain its footing in a crowded market.
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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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Lululemon Restocked Its “We Made Too Much” Section With Perfect Travel Pieces for Winter From $34
Lululemon restocked its We Made Too Much section in time for the holidays. The new finds are also perfect for travel gifts, including Lululemon leggings, pants, sweatshirts, sweaters, and more, starting at $34.