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Lululemon CEO McDonald Is Stepping Down

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Lululemon Athletica Inc. said Chief Executive Officer Calvin McDonald is stepping down as the pricey yoga-wear brand looks to reignite growth amid pressure from upstart competition and it founder. Chief Financial Officer Meghan Frank and Chief Commercial Officer André Maestrini will serve as interim co-CEOs. BTIG Analyst Janine Stichter joins "Bloomberg The Close."

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