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Lululemon reported falling sales in the Americas and announced its new CEO came from Nike.

1 report, 1 independent Updated Jun 11

AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

Lululemon Athletica Nike

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The entities involved

Lululemon Athletica
Canadian athletic apparel retailer
- Lululemon is expanding into Europe, listing on Nasdaq, and facing a proxy fight involving founder Chip Wilson.02:59
- O'Neill has been appointed to lead Lululemon operations, a company operating in the athletic apparel market.Wed 20:14
Nike
American athletic equipment company
- Heidi O'Neill, a former Nike executive, has been appointed to lead Lululemon operations.Wed 20:14
- Nike is pursuing a collaboration with MoMA and released a new 'Kenya' colorway, while also maintaining partnerships with Highsnobiety.Tue 01:18

Related events

Nike is facing sales decline in Greater China, while CEO Elliott Hill leads the company's turnaround effort.Jul 7
Rising competition from Nike, Adidas, and Athleta has spooked investors regarding Lululemon's market position.Jun 7
Nike CEO Elliott Hill predicts a weak sportswear market while PayPal announces Enrique Lores taking over leadership.Oct 7

Coverage

Newest first; wire copies grouped

Jun 11foreignpolicyjournal.com