Lululemon's stock has fallen 40% in the past year, facing investor scrutiny due to founder Chip Wilson's challenge to the board and an upcoming CEO transition in early 2026. Wilson nominated three directors, citing a need for stronger leadership and strategic clarity. The company acknowledges the nominations while continuing its CEO search. Shares have been pressured by weaker North American demand, despite stronger international growth, with revenue exceeding $9 billion but showing moderated growth in its primary market.