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Lululemon To Replace CEO

Published June 11, 2013 at 1:00 AM PDT

LINDA WERTHEIMER, HOST:

NPR's business news starts with a shakeup.

Lululemon announced yesterday that chief executive Christine Day will step down once a replacement is found. This comes after an embarrassing year for the company, which makes fashionable yoga-wear. This spring, it was forced to recall excessively see-through pants. The company says the recall could cost up to $40 million. Transcript provided by NPR, Copyright NPR.