Lululemon launches search to replace longtime CEO

Lululemon Athletica CEO Christine Day said Monday she will step down from the yoga apparel retailer's top post as soon as the company hires a replacement. Day, who took the helm in 2008 and presided over a period in which sales quintupled to $1.37 billion, said she told the board on Friday of her decision to leave after years of exhausting 18-to-20-hour work days.

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