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The Economic Times
The Economic Times

Lululemon puts Nike veteran in charge of product as CEO O'Neill looks to right ship

Lululemon Athletica on Wednesday named industry veteran and former Nike vice president Maggie Gauger its chief product officer as the struggling apparel maker overhauls its leadership under new CEO Heidi O'Neill.

Investors are closely watching O'Neill's turnaround plan as the sportswear maker grapples with finding its footing against newer rivals and keep pace with changing customer preferences beyond its signature leggings.

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