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Lululemon says it picks former Nike executive as next CEO

2026-04-24 13:27:53

Abstract generation in progress

Lululemon Athletica has named Heidi O’Neill, a former top Nike executive, as its new chief executive, replacing Calvin McDonald. The appointment comes as the athletic apparel retailer faces declining sales and pressure from investors to revitalize its business. Lululemon’s stock price has fallen by 38% in the past year due to competition and shifts in consumer preferences.

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