Lululemon stock falls on departure of chief product officer

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Lululemon News

Brad Smith,Nikki Neuburger,Product Activation

Shares of Lululemon (LULU) are falling in pre-market trading hours as the company announced the departure of its Chief Product Officer Sun Choe, with a...

) are falling in pre-market trading hours as the company announced the departure of its Chief Product Officer Sun Choe, with a restructuring of the team to put Nikki Neuburger in as the Chief Brand & Product Activation Officer with Chief Merchandising Officer Elizabeth Binder reporting to Neuberger.

And remember this is a stock, we have the one year up on the screen right now, but year to date shares have tremendously underperformed the broader market. So continuing to think about the price point, especially as consumers are pushing back in specific areas of even a leisure. "Restaurants brought out the servings slowly and were like, 'Nobody is going to sit there for hours and just eat them.' Actually, lots of people did."Power Corporation of Canada has shut its China investment unit and dismissed all staff, said two people briefed on the matter, becoming the latest Western financial firm to pull back amid the country's economic challenges. Power Sustainable, which is the asset management arm of Power Corp and manages $4.

Source: News Formal (newsformal.com)

Brad Smith Nikki Neuburger Product Activation Chief Merchandising Officer

 

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