Fri, 12 Dec 2025

Fri, 12 Dec 2025 Lululemon boss to step down early next year

Calvin McDonald's decision to leave at the end of January comes amid a run of poor sales for the firm in the US.

* Calvin McDonald, CEO of Lululemon Athletica, will leave the company in January after 7+ years
* Decision comes amid poor sales in the US and a 50% drop in share price over the past year
* Despite this, the company upgraded its annual revenue forecast due to better-than-expected sales internationally
* McDonald cited the end of Lululemon's 5-year strategy and a strong senior leadership team as reasons for his departure
* The company has faced increasing competition from lower-priced rivals and struggles with demand in the US market
* McDonald's tenure was marked by both successes and setbacks, including a costly product recall and controversy over its marketing strategies
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