Apparel maker Lululemon Athletica Inc. on Tuesday named Calvin McDonald as its new chief executive officer, replacing Laurent Potdevin. McDonald joins from cosmetics retailer Sephora, where he was head of the Americas region, and will start in his new role on Aug. 20. He will receive an initial annual base salary of US$1.3 million, and will be a member of the board of directors. McDonald, 46, joins Lululemon as the company, which turned women’s yoga wear into mainstream fashion, looks to expand its online presence and offer more men’s wear to better compete with the likes of Under Armour Inc. and Nike Inc. in a cut-throat sportswear market. “I’m joining Lululemon at an exciting time, with the brand’s strong business momentum, guest loyalty and passionate employees,” Mr. McDonald said in the statement. “I look forward to working with the talented team at Lululemon to deliver long-term growth through great product, constant innovation, and serving guests however they choose to engage with us.”
In a statement, Trump says her focus is on her work in Washington and she made the decision as a mercy to her employees. Recent announcements included Canada's Hudson's Bay was dropping the line due to poor sales.
Loblaw Companies Ltd. says its net profit for the second quarter was down 86.1 per cent from the same time last year, dropping to $50 million or 13 cents per share.
If you’re part of an average Canadian household, $30 worth of uneaten food is being tossed in the trash every week — that comes out to $1,560 worth of wasted food a year.
When purchasing a product, you enter into a contract and defective items are the retailers’ legal duty to replace or refund, writes Ellen Roseman.