Lululemon CEO Calvin McDonald to depart
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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.
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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Some analysts think Calvin McDonald’s departure paves the way for a pivot for the beleaguered activewear company, and its stock.