Calvin McDonald’s departure is a problem for Lululemon

When Calvin McDonald was appointed CEO of Lululemon in 2018, the activewear brand was a cult brand. But it had the potential to become a retail giant.

Chip Wilson founded Lululemon in Vancouver in 1998 as a yoga brand. When he left the CEO role in 2005, the company was generating $80 million a year. In the decade that followed, Lululemon grew steadily, boosted by the broader athleisure trend. But it was McDonald—who previously spent five years delivering double-digit growth as CEO of Sephora Americas—who transformed Lululemon into one of the biggest clothing companies in the world.

Over the course of his seven-year tenure, McDonald more than tripled the company’s annual revenue from $2.6 billion in 2018 to $10.6 billion in 2024. (Revenue is expected to hit $11 billion this year.) He led the company’s global expansion to 30 countries; international revenue alone is now $3 billion. And he helped Lululemon become known not only for activewear, but also for apparel you