NPR logo

Lululemon To Replace CEO

  • Download
  • <iframe src="https://www.npr.org/player/embed/190601060/190601870" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Lululemon To Replace CEO

Business

Lululemon To Replace CEO

Lululemon To Replace CEO

  • Download
  • <iframe src="https://www.npr.org/player/embed/190601060/190601870" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

On Monday, the company announced that CEO Christine Day will step down once a replacement is found. This comes after an embarrassing year for the company which makes fashionable yoga-wear. A recent recall of see-through plants could cost the company $40 million.

LINDA WERTHEIMER, HOST:

NPR's business news starts with a shakeup.

Lululemon announced yesterday that chief executive Christine Day will step down once a replacement is found. This comes after an embarrassing year for the company, which makes fashionable yoga-wear. This spring, it was forced to recall excessively see-through pants. The company says the recall could cost up to $40 million.

Copyright © 2013 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.