Lululemon CEO Calvin McDonald to step down amid languishing sales in the US

Lululemon CEO Calvin McDonald will step down January 31 amid disappointing sales, with the company's board conducting a search for his successor. Marti Morfitt will serve as executive chair, and Meghan Frank and Andre Maestrini will be interim co-CEOs. The announcement coincides with a 2% net revenue decline in the Americas, contrasting with a 33% international increase.