Calvin McDonald is stepping down as Lululemon Athletica chief executive after about seven years, capping a turbulent period for premium athleisure as consumers trade down and rivals gain share.His exit, alongside leadership upheaval at Coty involving Peter Harf and Sue Nabi, underscores how macroeconomic uncertainty and shifting spending patterns are forcing fashion and beauty companies to rethink growth strategies and product bets.Lululemon faces pressure from younger shoppers gravitating to brands like
Alo Yoga,
Vuori,
Nike, and Gap, even as it beats earnings expectations on strong China sales but warns of margin strain from discounting and heavier marketing.