Lululemon CEO Calvin McDonald to step down amid languishing sales in the US

NEW YORK (AP) — Lululemon Athletica Inc, (LULU) said Thursday that its CEO Calvin McDonald is stepping down effective Jan. 31 as the athletic wear maker wrestles with a year of disappointing sales. The company, based in Vancouver, Canada, said that McDonald and the board are working together to manage a “smooth transition,” and he will serve as a senior advisor to the company through March 31, 2026. The board said it was conducting a comprehensive search in partnership with a leading executive search fi ...