Shares of Lululemon Athletica Inc. continued their decline for the third day in a row following the announcement of the planned departure of the firm’s chief executive officer, Christine Day, on Monday.
The shares fell 5.2 percent to $64.30 at the end of the regular over-the-counter trading session today, and then fell 0.5 percent to $64 in early after-market trading.
More than 20.9 million shares of Lululemon changed hands, compared with a three-month average trading volume of 3.2 million shares.
Overall it was a down day in U.S. equity markets and for the major global indices as investors remained concerned over the possible pullback of stimulus measures by the central banks. The Dow Jones Industrial Average fell 0.8 percent to 14,995.23, falling below 15,000 for the first time since May 6. The S&P 500 Retailing Industry Group was down nearly 1 percent to 779.71.
Among the retail stocks that fell were Pacific Sunwear of California Inc., down 3.2 percent to $3.37, and Abercrombie & Fitch Co., which declined 2.3 percent to $49.11.
Among the major indices, in Asia the Nikkei 225 in Tokyo fell 0.2 percent to 13,289.32, while the Hang Seng Index in Hong Kong was down 1.2 percent to 21,354.66.
In Europe, the FTSE 100 in London fell 0.6 percent to 6,299.45, while the CAC 40 in Paris slipped 0.4 percent to 3,793.70. The DAX in Frankfurt was down nearly 1 percent to 8,143.27, while the FTSE MIB in Milan declined 1.6 percent to 16,024.03.
Among the decliners were LVMH Moët Hennessy Louis Vuitton, which decreased 1.5 percent to 127.70 euros, and Brunello Cuccinelli, down nearly 1 percent to 17.12 euros.