Lululemon Athletica's shares dropped 12% after appointing Heidi O'Neill, former Nike executive, as CEO. Investors and analysts express concerns over her ability to tackle Lululemon's challenges amidst internal pressures and competitive market dynamics. The decision follows a period of strategic turmoil influenced by activist investors and company founder Chip Wilson.
Lululemon's Leap: New CEO Appointment Sparks Investor Skepticism
