Calvin McDonald To Take the Helm at Lululemon; Shares Continue to Look Expensive
We aren't anticipating material changes to our outlook for narrow-moat Lululemon following the firm's announcement that it has appointed Calvin McDonald to be CEO, effective Aug. 20. McDonald has served as the President and CEO of the Americas region for Sephora (part of the LVMH family of brands) for the last five years, with prior experience at Sears Canada (as President and CEO) and Loblaw. During his tenure, Sephora achieved double-digit growth, expanded its digital platforms, and grew its p...lululemon athletica is a designer, distributor, and retailer of athletic apparel. Co.'s athletic apparel is marketed under the lululemon and ivivva brand names. Co. provides a line of apparel and accessories for women, men and female youth. Co.'s apparel assortment includes items such as pants, shorts, tops, and jackets designed for healthy lifestyle and athletic activities such as yoga, running, training, other sweaty pursuits, and athletic wear for female youth. Co. also provides fitness-related accessories. Co. primarily conducts its business through two channels: company-operated stores and direct to consumer. As of Jan 28 2018, Co. operated 404 stores.
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