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Posted in 2013, Retail Trade | 0 comments

Lululemon Athletica: Christine Day (CEO)

Lululemon Athletica: Christine Day (CEO)

We see their athletic apparel worn in gyms and selfies everywhere. Lululemon Athletica, founded in 1998 by Chip Wilson, saw Christine Day become CEO in June 2008. Annual sales at the high-end fitness clothing retailer topped $1 billion and share price rose 400%[2]. So why would the CEO who oversaw all that suddenly quit? Some criticized her when some of Lululemon’s yoga pants were too sheer, and those pants were recalled in March, affecting 17% of its inventory[3]. After the recalls, the press ultimately pushed sales upwards. As the yoga market grows and crossover opportunities abound, Day’s resignation leaves her successor big stretchy pants to fill.