"Lululemon was one of the fastest-growing apparel brands on the planet, with annual revenue tripling from $2.6 billion to $10.6 billion under McDonald’s leadership, expanding into 30 countries and turning a cult yoga label into a global fashion powerhouse."
"Growth stalled last year, slowing to 10% from 19%, affected by U.S. tariffs, weaker consumer spending, and product missteps, including a poorly received Disney collaboration."
"Lululemon's board described O'Neill as 'a visionary, consumer-focused executive' with a proven track record of driving disruptive change and growth at scale during her time at Nike."
Heidi O'Neill, a former Nike executive, has been named CEO of Lululemon, effective September 8. This decision follows a period of stagnation in growth after significant expansion under previous CEO Calvin McDonald. Lululemon's revenue growth slowed to 10% last year, impacted by tariffs and product missteps. The board views O'Neill as a visionary leader capable of driving change. Her experience at Nike, where she contributed to substantial revenue growth, positions her to address Lululemon's current challenges and future direction.
Read at Fast Company
Unable to calculate read time
Collection
[
|
...
]