Companies

Lululemon CEO to Step Down in January as US Sales Decrease

CEO Calvin McDonald’s departure comes as competition increases in the athletic wear market.
Lululemon CEO to Step Down in January as US Sales Decrease
Calvin McDonald, CEO of Lululemon Athletica, on the floor of the New York Stock Exchange on March 29, 2023. Brendan McDermid/Reuters
Jill McLaughlin
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Lululemon Athletica’s CEO will step down in January after seven years at the helm of the premium workout and athleisure wear company, the Canadian brand announced Thursday.

Calvin McDonald’s departure, expected on Jan. 31, comes amid disappointing U.S. sales, increased competition, and criticism about the company’s direction.

Jill McLaughlin
Jill McLaughlin
Author
Jill McLaughlin is an award-winning journalist covering politics, environment, and statewide issues. She has been a reporter and editor for newspapers in Oregon, Nevada, and New Mexico. Jill was born in Yosemite National Park and enjoys the majestic outdoors, traveling, golfing, and hiking.