Lululemon Athletica Inc (NASDAQ:LULU) shares are trading slightly lower Thursday. The stock fell more than 7% on Wednesday after the company announced an updated operational structure following the resignation of its chief product officer.
What Happened: Earlier this week, Lululemon said chief product officer Sun Choe has resigned from his role and will depart the company later this month to pursue other opportunities. The company does not intend to replace Choe’s position.
Global creative director Jonathan Cheung will report to CEO Calvin McDonald and drive the ...