If you ask me, lululemon has a way of making everyday essentials feel a little more special, which might be why our shopping editors here at Yahoo Canada are obsessed. From sleek bags to cozy jackets, we own quite a few pieces from lululemon ourselves.

The athleisure giant is finally making changes to its overcrowded, inventory-packed stores.

Goldman Sachs analyst Kash Rangan lowered its price target to $220 from $320, while maintaining a neutral rating. Rangan cited modest reported revenue growth and noted that higher capital expenditures and free cash flow burn increased concerns over Oracle’s growing financial needs.

Feeling the heat from rivals and unable to address decline in its domestic market, Lululemon has announced CEO Calvin McDonald will leave his role at the end of January.

Lululemon Athletica’s chief executive, Calvin McDonald, will step down from the role early next year, the company announced on Thursday, as the brand that helped put athleisure wear on the map looks to regain its footing in a crowded market.

Six companies, including Alnylam Pharmaceuticals (ALNY) and Seagate Technology Holdings (STX), are set to join the Nasdaq 100 Index (NDX) as part of the benchmark’s annual reconstitution this month, with Biogen (BIIB) and Lululemon Athletica (LULU) among notable exclusions.

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Lululemon CEO Calvin McDonald will step down in the first quarter of 2026 as the athleisure clothing brand faces significant competition challenges.

Investors cheered the departure of Lululemon Athletica’s chief executive, with the athleisure-apparel maker’s stock closing at a three-month high on Friday.