Retail Roundup—Lululemon CEO admits misconduct; Hudson's Bay snags CVS executive

Lululemon new digital print inspired by NYC street art
Lululemon CEO Lauren Potdevin stepped down, admitting to inappropriate behavior. (Image: Lululemon)

Lululemon CEO steps down over misconduct

Lululemon's CEO Lauren Potdevin has resigned over issues of inappropriate behavior. Potdevin, who became CEO in 2014, followed a string of board issues including the resignation of CEO Christine Day for personal reasons, and founder Chip Wilson after insulting women's bodies. (Vancouver Sun)

Hudson's Bay taps CVS for new CEO

Hudson's Bay has poached Helen Foulkes from CVS. Currently the head of retail for CVS Health, Foulkes will now replace Jerry Storch, who suddenly left HBC—parent company to Saks, Lord & Taylor—in October. (Fortune)

Overstock launches discounted online trading

Overstock has teamed up with Siebert Financial Corp. to launch the Muriel Siebert & Co. Inc., an online trading platform through Overstock.com's FinanceHub. The platform allows any investor in the U.S. accessing Siebert the opportunity to conduct trades of U.S. equities at discounted prices. Members of Overstock's loyalty program will be charged $1.99 a trade. (NASDAQ)

Target revamps more beauty departments

Target started rolling out revamped beauty departments last year to try and compete with retailers like Sephora and Ulta. After debuting 70 locations last October, Target will roll out the new setup in 400 more stores by the end of 2018. (Glossy)

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