Investment
Features
FeesSafety
Academy
More
Pluang+

Lululemon shares drop 12% after naming former Nike exec Heidi O’Neill as new CEO amid US sales slump.

Market News
23 Apr 2026
Proactive Investors
View Source
Bearish
pluang ai news

Lululemon's shares fell nearly 12% following the appointment of former Nike executive Heidi O’Neill as CEO, as the company aims to revive its struggling US business. The brand faces challenges including slowing growth, increased competition, and investor disputes, notably a proxy fight led by founder Chip Wilson. While O’Neill's leadership is seen as a move to strengthen product focus and brand cohesion, analysts remain cautious about resolving deeper operational issues. The company is also revamping its product lineup and store footprint to boost customer experience and sales.

More News (LULU)

banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App