No Love for Leggings? Lululemon Sales Drop Ahead of Heidi O’Neill’s Arrival as CEO Next Week
Summary
Lululemon shares fell sharply after comparable sales in the Americas declined 12 percent. The weakness comes just before Heidi O’Neill takes over as chief executive next week.
The 12 percent Americas decline shows that Lululemon’s recovery remains incomplete in its core market.
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The incoming CEO faces pressure to restore momentum in the brand’s most important region.