Lululemon To Replace CEO
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.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.