lululemon Names Nike Veteran Heidi O'Neill CEO as Core Category Revenue Falls 20%
lululemon has appointed Heidi O'Neill, a former Nike executive, as its new chief executive, with related management responsibilities handed over to her. The appointment follows a 20 percent decline in revenue in the company's core category and a series of recent departures among senior executives.
lululemon's core category revenue fell 20 percent, and several senior executives have left the company in succession. lululemon has handed over the relevant management responsibilities to Heidi O'Neill. Heidi O'Neill previously worked at Nike.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is negative for Apparel & Footwear, with intensity 50/100 and 70% confidence over a short term horizon.
Apparel & Footwear
- Direction
- negative
- Intensity
- 50
- Confidence
- 70%
- Horizon
- Short term
Sporting Goods
- Direction
- negative
- Intensity
- 40
- Confidence
- 60%
- Horizon
- Short term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.