Lululemon faces a “downward spiral” due to repeated product quality issues, declining sales, and a leadership crisis. Meanwhile, competitor Fabletics is rapidly growing.
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Lululemon faces a “downward spiral” due to repeated product quality issues, declining sales, and a leadership crisis. Meanwhile, competitor Fabletics is rapidly growing.
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Lululemon is at a pivotal point in its lifecycle, moving from growth to maturity phase. A new CEO must be expert at navigating that transition to reinvent the business.