May. 13 at 10:10 PM
$LULU incoming CEO: “Since the announcement, some people have been underestimating me. Some have been underestimating Lululemon,” she said during a video to workers in the company’s headquarters in Vancouver. “That’s fine. We’ll let the work answer.”
“this brand’s best work is still ahead.”
Since she was named as the CEO on April 22, Lululemon shares have declined -26% amid concerns about her role in past missteps at her previous employer
$NKE
She won’t officially join the company until Sept due to an agreement w/ Nike.
Her priority will be to recapture sales growth, which has sputtered amid product mishaps and rising competition for yogawear
Stock is down -41.67% YTD & down -64.38% from 1-yr high