LULU - Lululemon Stock Is Sliding Wednesday: What's Going On? | Benzinga
Lululemon Athletica Inc (NASDAQ:LULU) shares are trading lower Wednesday after the company announced an updated operational structure following the resignation of its chief product officer.
What Happened: After the market close on Tuesday, Lululemon announced that chief product officer Sun Choe has resigned from his role and will depart the company later this month to pursue other opportunities.
Lululemon said it does not intend to replace Choe’s role. Instead, the company plans to implement organizational changes intended to accelerate product innovation and support long-term growth plans. ...