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Lululemon Athletica said on Thursday that its chief executive officer Calvin McDonald will step down from the top job effective January 31, after about seven years at the helm. The company is searching for its new CEO, it added.
The company also raised its annual revenue and profit forecasts betting on a recovery in demand for its new sportswear launches in the United States. Its net revenue in the third quarter increased 7 percent to $2.6 billion, driven by strong…
