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    Lululemon CEO Calvin McDonald to step down in January as sales continue to drop

    7 hours ago

    Lululemon CEO Calvin McDonald is stepping down January 31 amid a challenging sales year, with the board seeking a successor. The athletic wear brand reported a 2% net revenue decline in the Americas and a 13% profit fall in its third quarter, facing increased competition and market shifts. Shares rose over 10% following the announcement.
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