This Is What Lululemon's Founder Says Is Wrong With the Company
Chip Wilson believes the company has lost its way under a CEO that's too focused on finance.Shares of apparel company Lululemon Athletica (LULU +3.04%) have been in a tailspin this year, down more than 50% to levels they haven't been at since 2020. It has been one of the worst-performing stocks on the S&P 500, amid what's generally been a strong year for the index -- it's up nearly 17%.The sell-off and the troubles surrounding Lululemon have caught the attention of many people, including its founder and pre ...