Lululemon: After the CEO Shake-Up: Why the Stock is Now Ready for a Turnaround
The new strategy will target core issues: reviving brand identity and optimizing the product range in North America.
Reading Time: 2 minutes
The Lululemon stock has fallen back to pre-pandemic levels after a massive correction of over 45% (in the current year). The reasons for this are well known: a period of underperformance, competitive pressure, and issues in the product range under departing CEO Calvin McDonald. However, this decline and the subsequent leadership change present a significant buying opportunity. 1. A fresh start has begun: The resignation of CEO McDonald, which was celebrated by investors, signals the end of a stagnating era. The board is specifically looking for...
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