Lululemon leadership transition: CEO Calvin McDonald to step down in January; athletic wear brand wrestles with dropping sales
Lululemon Athletica Inc on Thursday announced a major leadership transition as CEO Calvin McDonald will be stepping down on January 31. This comes as the athletic wear brand struggles with a challenging year for sales. McDonald, who has led the Vancouver-based company since 2018, will continue as a senior adviser until March 31 2026 to…