Lululemon (LULU) Stock: Defective Leggings and CEO Exit Send Shares Lower

TLDR LULU stock dropped 3.24% to $180.35 following see-through leggings scandal CEO Calvin McDonald stepping down during quality crisis and brand reputation damage Company told customers to wear different underwear to fix $108 defective tights Failed $500 million Mirror acquisition and Disney collaboration hurt brand credibility Shares down 56% over 12 months with 20 Hold [...]

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