Lululemon Athletica Reshuffles Management to Reignite Growth
LULU Lululemon Athletica Inc
$92.68 +0.87%
View chart & analysis → - 1Lululemon Athletica has appointed Maggie Gaussog as President and Chief Product Officer and Joseph Godsey as Chief Operating Officer.
- 2Lululemon Athletica's stock price has fallen nearly 3% so far this week.
- 3The company is seeking new leaders in branding and technology amid a 4% decline in Lululemon's second-quarter revenue.
So what's the key point?
Lululemon Athletica has selected new executives to manage products and operations. The company is looking for people to lead branding and technology following a 4% decrease in revenue.
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