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Lululemon, Twitter Having a Rough Week

AbleStock.com/Thinkstock(NEW YORK) -- It’s been a rough week for two Wall Street darlings.

Yoga-apparel maker Lululemon saw its shares drop nearly 16 percent Thursday, after the company cut its full year earnings forecast, and announced that its chief financial officer would be stepping down at year’s end.

Lululemon’s stock is down 37 percent year-to-date, as the boutique clothing line faces increased competition from big box clothing brands.

Meanwhile, Twitter is saying goodbye to one of its own executives, as Chief Operating Officer Ali Rowghani announced he was stepping down.

The social media site has struggled to appease investor expectations in 2014. The company’s stock has dropped 51 percent since their December IPO.


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