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Lululemon hires Athleta CEO Maggie Gauger as new chief product officer amid executive overhaul
business6 days ago

Lululemon hires Athleta CEO Maggie Gauger as new chief product officer amid executive overhaul

Lululemon has appointed Maggie Gauger, the former CEO of Athleta, as its new president and chief product officer, a role created specifically for her. The move follows the recent arrival of CEO Heidi O’Neill and coincides with the departure of two other senior executives. Lululemon is also seeking new leaders for brand, communications, and technology roles, signaling a broad restructuring effort to address recent sales declines and competitive pressures in the athleisure market.

via CNBC|
#athleta#business#executive-changes
Gap navigates storms and tariff headwinds with mixed Q4 2025 results and growth plans
business7 months ago

Gap navigates storms and tariff headwinds with mixed Q4 2025 results and growth plans

Gap posted a mixed Q4 2025: revenue of $4.24 billion and 45 cents per share, slightly missing on EPS as gross margin fell to 38.1% due to tariffs; net income was $171 million. Full-year guidance calls for 2%-3% sales growth and adjusted EPS of $2.20-$2.35, aided by a $313 million legal settlement. Brand results were solid at Gap and Old Navy (Gap brand up 8% in sales with 7% comps, Old Navy up 3% comps), Banana Republic up 4% comps, while Athleta fell 11% in revenue and 10% in comps. CEO Richard Dickson says the turnaround is pivoting to growth through core apparel, plus expansions into beauty, accessories, and a fashion/entertainment platform, supported by a roughly $3 billion cash pile and potential tariff-driven upside if rates shift.

via CNBC|
#athleta#business#earnings