Lululemon CEO Calvin McDonald is stepping down January 31 amid a challenging sales year, with the board seeking a successor. The athletic wear brand reported a 2% net revenue decline in the Americas and a 13% profit fall in its third quarter, facing increased competition and market shifts. Shares rose over 10% following the announcement.
Related Posts
‘Dhurandhar’ collection: Film crosses Rs 810 crore; does better than ‘The Raja Saab’
Remarkably, ‘Dhurandhar’ continues its box office reign, outperforming new releases and even the Hindi version of ‘The Raja Saab’ in its sixth week. The Ranveer […]
Mamata Banerjee’s new OBC list also hits high court hurdle
The Calcutta High Court has temporarily suspended the West Bengal government’s revised OBC list, which included 140 sub-groups, citing procedural irregularities under the West Bengal […]
‘President is prepared’: Is US plotting more strikes in Venezuela?
US military officials are planning potential drone strikes against drug traffickers and labs in Venezuela, possibly starting in weeks, though President Trump has not yet […]