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Lululemon replaces CEO Calvin McDonald as stock plummets and rivals grow.
Lululemon is replacing CEO Calvin McDonald amid declining stock, stagnant innovation, and rising competition.
Though McDonald tripled sales and expanded into China and menswear, failed ventures and outdated products contributed to a nearly 60% stock drop.
The company has named its CFO and commercial officer as co-CEOs during the search for a permanent leader.
Experts stress the new CEO must revitalize product lines, refresh store experiences, and regain customer loyalty as rivals gain ground.
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Lululemon reemplaza al CEO Calvin McDonald mientras las acciones caen en picado y los rivales crecen.