Calvin McDonald, CEO of Lululemon Athletica, on the floor of the New York Stock Exchange on March 29, 2023. Brendan McDermid/Reuters
Lululemon Athletica’s CEO will step down in January after seven years at the helm of the premium workout and athleisure wear company, the Canadian brand announced Thursday.
Calvin McDonald’s departure, expected on Jan. 31, comes amid disappointing U.S. sales, increased competition, and criticism about the company’s direction.
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