BoA Daily Highlight: Kit and Ace, Lululemon, Nordstrom

Business of Athleisure, Athleisure

Kit and Ace CEO let go (Business in Vancouver)

“Family patriarch Chip Wilson, wife Shannon Wilson and son JJ Wilson are seeking a new CEO after turfing former Lululemon Asia-Pacific managing director Darrell Kopke in November for undisclosed reasons.”

Nordstrom confirms that consumers are spending less on clothing (Daily News)

“People who once shelled out for designer labels are now more focused on iPhones, Fitbits, and smart watches. When they do spend on clothing, they often demand steep discounts.”

Aimee Laurel

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