Lululemon Shares Roughed Up Despite Appointment of New VP

Lululemon Athletica Inc. (LULU) shares were roughed up in early trading on Friday, losing more than 8% and counting on brisk volumes.

Earlier in the day, Lululemon had announced that long-time Starbucks (SBUX) executive Christine Day has been appointed to Lululemon's senior leadership team as Executive Vice President of retail operations. The post is a newly created position within the company.

According to a press release, Ms. Day will oversee all of Lululemon's retail operations in North America and on an international basis, as well as the company's community relations, real estate development, the guest education center and wholesale businesses.

Comments

[ballsschweaty:]

What does coffee have to do with women's athletic apparel? Nothing. Sad to see they are hiring a person like this. The Starbucks stores have terrible operating standards. They are dirty and disgusting.

They should have hired somebody from Nike.

2008 Jan 06 09:00 AM