Lululemon CEO Calvin McDonald to Step Down in January
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Lululemon has confirmed that chief executive Calvin McDonald will step down at the end of January, ending a tenure that began in 2018 and coincided with major growth in revenue, product breadth and international reach. His exit comes as markets reassess what the next chapter looks like for the athleisure leader after years of momentum.
The brand is facing a tougher landscape, especially in its core Americas business, where growth has cooled while newer premium rivals and lower-priced competitors intensify the fight for shoppers. International sales have been doing more of the heavy lifting recently, but investors have been focused on whether that is enough to offset softer demand closer to home.
McDonald’s departure also arrives with increased public pressure from founder Chip Wilson, a major shareholder who has been critical of management and board direction. The CEO transition now puts the spotlight on who takes over and whether a new leader can sharpen product excitement, protect market share and restore confidence in long-term growth.
