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Lululemon CEO Calvin McDonald to Step Down in January

The activewear retailer raised its annual revenue and profit forecast Thursday.
Lululemon store
Lululemon Athletica Inc. shares rose after market following its third-quarter earnings in which it raised its annual guidance. (Shutterstock)

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.

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