Lululemon jumps 9% as athleisure wear group annonces CEO departure

The Federal Reserve has announced a quarter-point interest rate cut, reducing the target range to 3.5% to 3.75%. This decision is expected to provide some relief to borrowers, although it is noted that long-term payments may not see significant changes as they are influenced by other factors beyond the Fed's benchmark rates.

This week, stocks for major companies including Warner Bros., GameStop, Campbell’s, and Lululemon experienced significant movements influenced by various market developments. Warner Bros. notably rallied following a major acquisition deal with Netflix, which is expected to reshape the entertainment sector. GameStop, Campbell’s, and Lululemon also saw fluctuations in their stock prices, reflecting broader market trends.

Calvin McDonald, the CEO of Lululemon, has announced his departure from the company at the end of January, coinciding with a period of declining sales in the U.S. market. This decision follows increasing scrutiny from founder Chip Wilson, who has been critical of the current leadership and direction of the brand.

Lululemon's CEO, Calvin McDonald, is set to step down at the end of January, a decision that has led to a 10% rise in the company's shares. This announcement comes amid ongoing scrutiny of the company's leadership and direction, particularly from founder Chip Wilson, who has expressed concerns about the brand's identity and management.

Calvin McDonald, the CEO of Lululemon Athletica, is set to depart from the company at the end of January, amid public criticism from founder Chip Wilson, who has expressed concerns about the brand's direction and leadership. This decision comes as Lululemon faces challenges in maintaining its identity in a competitive market.

Lululemon reported its Q3 2025 earnings, surpassing expectations; however, the stock experienced a decline following the announcement. This performance reflects ongoing challenges in the retail sector, particularly for brands like Lululemon that are navigating shifts in consumer preferences.

Lululemon's Chief Executive Calvin McDonald is set to depart from the company at the end of January, a move that follows increasing scrutiny from the company's founder, Chip Wilson, who has been critical of the current leadership. This decision comes amid a backdrop of internal tensions and potential proxy battles for control within the company.