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Lululemon CEO leaves company following misconduct

  • Who's Where
  • February 8, 2018
Lululemon CEO leaves company following misconduct

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.

Now leaderless, Potdevin was CEO of the appeal giant for just four years. Replacing Christine McCormick Day in 2013.

Reasons for the spilt were kept vague, with the company stating he had amid unspecified "conduct" problems.

The retailer made the announcement after the stock market closed, and said the move was effective immediately.

"Lululemon expects all employees to exemplify the highest levels of integrity and respect for one another, and Potdevin fell short of these standards of conduct," the company said in a release without elaborating.

Executive chairman Glenn Murphy, and COO Stuart Haselden are expected to step up and cover responsibilities while the role is filled.

Shares dropped briefly on Monday after the announcement, but picked back up on Tuesday and Wednesday. 

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The Retail Hotlist: Uber Eats pulled off the 'Hottest ecommerce launch'

  • News
  • August 8, 2018
  • Courtney Devereux
The Retail Hotlist: Uber Eats pulled off the 'Hottest ecommerce launch'

Back in June, we celebrated the best and brightest in retail with The Retail Hotlist awards. Now, we're revealing the stories behind the winners. Today it's Uber Eats with the 'Hottest ecommerce launch'.

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The Retail Hotlist: Trade Me scoops 'Hottest ecommerce experience'

  • News
  • August 7, 2018
  • Caitlin Salter
The Retail Hotlist: Trade Me scoops 'Hottest ecommerce experience'

We've been sharing the stories behind our June awards programme, The Retail Hotlist. Trade Me was awarded 'Hottest ecommerce experience' for its commitment to staying relevant and doing the basics well.

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The Retail Hotlist: 'Most creative retail brand' goes to Allbirds

  • News
  • August 6, 2018
  • Courtney Devereux
The Retail Hotlist: 'Most creative retail brand' goes to Allbirds

During our first awards programme, The Retail Hotlist, we handed out awards to dozens of outstanding retailers. Now, we're sharing the stories behind those awards. Read on to learn how Allbirds won 'Most creative brand'.

Read more
 
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Briscoe Group stands strong for 2018 first half

  • News
  • August 6, 2018
Briscoe Group stands strong for 2018 first half

Briscoe Group have had a fruitful start to 2018, announcing a lift in first-half sales by 4.3 percent to $292.2 million.

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Domino’s New Zealand appoints a new general manager

  • Who's Where
  • August 6, 2018
  • Sarah Dunn
Domino’s New Zealand appoints a new general manager

Cameron Toomey has replaced Scott Bush as the general manager for Domino’s New Zealand. Domino’s Pizza Enterprises is the master franchisor for the region, and claims to be New Zealand’s largest pizza chain by network store numbers.

Read more
 

'Green' grocer Foodstuffs announces: No more plastic bags

  • News
  • August 3, 2018
  • Courtney Devereux
'Green' grocer Foodstuffs announces: No more plastic bags

The plastic bag discourse took a turn this week as Coles over in Australia had to push back its ban date due to increasing backlash. While back home, Foodstuffs has announced that from next year all retail and wholesale brands will no longer offer plastic check out bags.

Read more
 
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