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0.000740637874369285 0.00133453686987928 0.0017210572605657 -0.00273110216173681 0.00407350830903113 0.000370318937184708 -0.00425866777762342 -0.00425866777762342
Stock impact report

Elliott Investment takes $1-billion stake in Lululemon, pushes for new CEO [Globe and Mail, The (Toronto, Canada)]

lululemon athletica inc. (LULU) 
Last lululemon athletica inc. earnings: 3/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lululemon.com
Brandon Bell/Getty Images Vancouver-based Lululemon announced last week that chief executive officer Calvin McDonald, who has led the company since 2018, will step down at the end of January amid a troubling slowdown in its U.S. business. The company acknowledged that it has lost traction with some of its most loyal customers, by failing to keep up with trends and offer new products that would inspire them to keep coming back. Elliott is working with Jane Nielsen, the former chief operating officer and chief financial officer at Ralph Lauren, as a possible candidate to replace Mr. McDonald, according to the source, whom The Globe is not naming because they were not authorized to speak publicly about the matter. Ms. Nielsen spent more than 16 years with beverage giant PepsiCo PEP-Q decrease , before moving into fashion retail, first at Coach COH-N decrease and then Ralph Lauren RL-N increase , which she left in the spring. She has built a reputation for corporate turnaround Show less Read more
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