Jeffries Says Resignation Of Lululemon CEO Laurent Potdevin Is "Worrisome"

Following today's surprising decision that LULU CEO Laurent Potdevin had resigned from the company effective immediately - after presiding over a period of strong sales growth for the purveyor of luxury yoga pants at a time when the broader retail industry was crumbling - Jeffries retail analyst Randal Konik has chimed in with his two cents.

And predictably, he declared that Potdevin's departure - following unspecified "misconduct" - is "worriesome," according to Bloomberg. Konik added that while interim CEO Glenn Murphy has a strong track record, he doubts the new chairman will be able to effect the change that's needed to "drive its next leg of growth."

“While we like Glenn Murphy and know he is a strong leader from his time at GPS, we do not believe he is yet sufficiently ingrained in the organization to effect significant change,” Konik said

Konik added that Under Armour is still the best way to play the athletic category.

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In an announcement that stunned the market, Laurent Potdevin has resigned as CEO of Lululemon Athletica and also left the company's board because of "allegations of misconduct" of an unspecified nature, although for a company best known for yoga pants one can make a wild guess...

His resignation is effective immediately.

Potdevin joined the company in 2014 after the departure of former CEO and founder Chip Wilson, who was himself pushed out after a series of embarrassing PR flops including a scandal where the company inadvertently sold see-through yoga pants, according to the Wall Street Journal.

It wasn’t immediately clear how Mr. Potdevin had fallen short of the company’s standards.  There were “a range of instances” where his actions didn’t align with company policy on leadership and conduct, according to a person familiar with the matter.

“Lululemon expects all employees to exemplify the highest levels of integrity and respect for one another, and Mr. Potdevin fell short of these standards of conduct,” the company said in a statement.

Lululemon director Glenn Murphy will step in to take over CEO duties until a new CEO can be found. As dozens of retailers have declared bankruptcy over the last few years, consumers' obsession with fitness-related status symbols has helped buoy Lululemon's sales. Its stock was recently trading near all-time highs.

According to WSJ, Potdevin has led the company through supply-chain issues and revamped its product offerings, which mostly include  colorful athletic gear.

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The stock is sliding on the news.

 

 

Comments

Expendable Container vato poco Mon, 02/05/2018 - 18:25 Permalink

You're right about the feminism con. Its a psyop weapon against traditional family:

  https://www.youtube.com/watch?v=zCpjmvaIgNA

Feminism was purposely created and promoted by the Rockefeller et al cabal to destabilize society (and collect tax from the 'other' 50% of the family) toward their One World Government/NWO of serfs ruled by a small powerful elite.
The communist manifesto rules that traditional [White] christian family values must be torn asunder, christianity must be torn asunder and our heritage/culture. The individual must look to the State as parent.

Masonic Jewess Gloria Steinhem was funded via the CIA to promote feminism and her Ms magazine. Yes, the traditional White (warrior) male is the big threat to this desired system so has been systematically targeted by lies and deceit. Film producer Aaron Russo (see link above) reveals Nic Rockefeller, his then friend, told him this personally and much more eg 9/11 'terrorism' was fake. Nic Rockefeller offered him to join the CFR international shadow government (working to disempower us) and to Aaron's credit, he refused. RIP Russo.

 

Knowing this, as a woman, its very sad and disturbing to see the willingness of our young manipulated women to demean themselves to slutification and lack of feminine dignity. One only has to look back at the 1940/50's movie to see the startling change in feminine attitude - for the worse! Its up to our male warriors to work to  'bring their women back', not encourage it nor perpetuate feminism's divisive nature. Not an easy task and some feminazis are too far gone, but can and must be done with change of attitudes. David Duke speak well on this point.

In reply to by vato poco

Expendable Container KJWqonfo7 Tue, 02/06/2018 - 12:33 Permalink

The British Administration (propaganda office) - after the war - admitted they had 'demonised Hitler as the devil himself' to such an extreme extent that, after the war, they could not acknowledge the deceit without losing the respect and confidence of the British people.

After all, it had been necessary to demonise Hitler in order to 'persuade' the British to war - the people are always against war but Germany's economic success threatened the European 'balance of power' agreement to Britain and France.  Qui Bono? A few startling facts right  HERE

An aside, if you learn about history from fiction pro-propaganda hollywood movies and such, its not a good teaching ground for historical fact. Here's proof. You only find one sided history so you won't learn this:

There were Jews in the Ku Klux Klan. One example for the disbelievers – the controller of 6 US Presidents, Zionist Bernard Baruch, in his biography, approved by him, reminisces how as a child he saw his father, a confederate surgeon, of Ashkenazi Jew ancestry from Poland, wore the hood and robe of the Ku Klux Klan.

Source: ‘The controversy of Zion’ by Douglas Reed. 1985, pg 473.

 

In reply to by KJWqonfo7