Lululemon CEO Steps Down

In a move not quite as transparent as the company’s pants, Lululemon CEO Christine Day said she is leaving her post as CEO. Day will relinquish her title once a replacement is named, and part of this “personal decision” will also mean she will not stay on the board. While Day argued this move will be good for the company in the long term, markets seemed to disagree as shares dived 9 percent in after-hours trading.