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Why Lululemon Founder Chip Wilson's Departure Is Good For The Company

Canadian yoga-apparel maker Lululemon Athletica (LULU) founder Chip Wilson has recently announced his departure from the company he founded and built. In response to the news, Lululemon stock declined over 1%. Is this decline indicative of a harder future for Lululemon, or should investors view this development as a positive for the company and for shareholders?

Wilson's Accomplishments

Chip Wilson's tenure at Lululemon has been marked with a series of notable achievements. After all, he is the man who started off the whole company from a small location in Vancouver, Canada, in 1998, and has since then expanded the company into a global brand with a loyal customer base, with 250 stores across the world. Wilson's entrepreneurial spirit and long-term focus are commendable in an era where many are only concerned about the short-term.

Lululemon broadened its reach and its customer base under Wilson at impressive rates. Wilson left as… Read More …