Lululemon Athletica Inc (LULU) said on Wednesday that its chief product officer is leaving after just two years with the premium yogawear retailer, which has struggled in recent months with narrowing margins and supply-chain hiccups.
Tara Poseley, a former Kmart executive who was hired by Lululemon in October 2013, will leave "after a transition period" and her role will be eliminated, the Vancouver-based company said.
Poseley replaced Sheree Waterson, who departed earlier that year amid a backlash over the high profile recall of overly sheer yoga pants and concerns about product quality.
Analysts had lofty expectations for Poseley, who joined up a couple months ahead of new chief executive Laurent Potvin, and shares in the yogawear maker, which plunged through the end of 2013, climbed back up in 2014.
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