US stocks: Lululemon sinks after new CEO hire from Nike fails to impress investors
Lululemon Athletica shares tumbled about 12% in early trading on Thursday, as the struggling athletic apparel maker's decision to tap a CEO from turnaround-embattled Nike failed to reassure investors.
Lululemon Athletica shares tumbled about 12% in early trading on Thursday, as the struggling athletic apparel maker's decision to tap a CEO from turnaround-embattled Nike failed to reassure investors.
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