Reported 5 months ago
Lululemon Athletica Inc. saw a 7% drop in shares following the departure of its chief product officer, Sun Choe, without a replacement, leading to concerns about the brand's competitiveness. Analysts suggest the exit could indicate future sales challenges, with the company's stock having already fallen 37% this year. Lululemon's struggle to maintain product popularity and inventory control, alongside increasing competition in the athleisure market, are contributing to investor worries. The company is expected to report a modest 6.6% increase in comparable-store sales during its upcoming first-quarter earnings release.
Source: YAHOO