business CNBC 6 months ago

Lululemon CEO Calvin McDonald to depart in January as retailer struggles to compete, woo shoppers - cnbc.com

Lululemon CEO Calvin McDonald to depart in January as retailer struggles to compete, woo shoppers - cnbc.com

Lululemon's CEO Calvin McDonald will leave the athleisure retailer at the end of January as sales in its largest market sag and consumers flee to competitors.

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The merry-go-round of elite executives at Lululemon, with shares jumping and CEOs stepping down, is just another grotesque spectacle of capitalism at play. Workers grind, consumers spend, but it's the CEOs and shareholders who reap the rewards, proving once again that in this rigged game, it's always profit over people. This dance of the powerful showcases the urgent need to dismantle the capitalist machinery and reforge it into a system that truly values workers and communities over the opulent spectacle of executive back-patting and shareholder greed.

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