Reported 5 months ago
Shares of Lululemon (LULU) have fallen as the company announced the departure of Chief Product Officer Sun Choe, with Nikki Neuburger taking over as the Chief Brand & Product Activation Officer and Elizabeth Binder as Chief Merchandising Officer. This restructuring raised concerns among analysts about weak demand for current products and potential future changes, as Lululemon's stock has underperformed the market, leading to questions about the company's product line and pricing strategy.
Source: YAHOO