CEO of Lululemon, Laurent Potdevin, has resigned after a reported relationship with a fellow Lululemon employee. Investors for the company have taken it well, with only a brief drop in shares.
Lululemon’s brand strength has been contributed to its strong second quarter financial results, with sales surging 13 percent even as the athleisurewear hype cools down.
As a health and wellness movement grows worldwide, athletic apparel retailer Lululemon has found its sweet spot in the market. Deputy editor Elly Strang hung out at Lululemon’s event activation for the day and found out how it’s tapping into key retail trends, like the experience economy.