Business & Economy · 1 views
Lululemon’s new CEO inherits a mess that looks like the one she left at Nike
When Lululemon Athletica announced in April that former Nike senior executive Heidi O’Neill was becoming its new CEO this month, the athleisure pioneer was already struggling.
AI Summary
Lululemon Athletica announced in April that former Nike senior executive Heidi O’Neill would assume the role of CEO this month. The company entered the transition already facing a decline in its core North American business. Executives noted that the brand’s once‑strong customer devotion appeared to be waning. The leadership change comes as Lululemon seeks to reverse the sales slowdown and restore its former market momentum.
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