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Clothes are displayed in a Lululemon Athletica retail store in New York Thursday. (BRENDAN MCDERMID/REUTERS)
Clothes are displayed in a Lululemon Athletica retail store in New York Thursday. (BRENDAN MCDERMID/REUTERS)

Lululemon founder Chip Wilson calls for new board, chief executive Add to ...

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Yoga fans strive for a state called “nirodha,” where the mind is still and totally focused on a single goal. Lululemon Athletica Inc. founder Chip Wilson was approaching nirodha Thursday, totally focused on replacing the yoga-wear retailer’s chief executive officer and board after the company warned Wednesday that this year’s results will be below expectations, triggering a 23-per-cent stock-price decline.

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