A new chief executive is set to take the reins at a struggling athleisure brand. The company recently reported a significant decline in sales, with a particular drop in a key product category. This downturn has been ongoing for some time, with various issues contributing to the decline.

The brand's latest earnings report showed a substantial decrease in sales, which has led to a lowered outlook for the year. An incident involving a promotional mistake also had a negative impact on sales.

Further details about the company's struggles and the new CEO's challenges are available from the source, including information about the company's stock performance and the specific issues affecting sales.