Lululemon shares dive on CEO

Heidi O'Neill was announced as the new chief executive, but her absence at a subsequent all-hands meeting further rattled market confidence.

Retail analysts have argued that Lululemon needs a leader focused on structural recovery rather than just growth.

The stock plunge reflects broader concerns about the athleisure sector's ability to maintain its post-pandemic momentum.

O'Neill's ties to some of Nike's recent missteps have also been cited as a significant risk factor by institutional investors.