Lululemon’s Product Chief Departure Adds to ‘Wall of Worry’

Lululemon Athletica Inc.’s shares fell as much as 7% Wednesday after the company said its chief product officer was leaving, raising concerns among analysts that the athleisure brand is losing its edge.

Sun Choe won’t be replaced. As part of a bigger organizational reorganization, Choe’s responsibilities for product design will move over to Jonathan Cheung, the company’s global creative director, Lululemon said in a statement.