The Globe and Mail reports in its Wednesday edition that Lululemon is projecting modest revenue growth of 2 per cent to 4 per cent in the coming fiscal year, primarily due to international markets, as North American sales are expected to decline slightly. The Globe's Susan Krashinsky Robertson writes that Lululemon is searching for new leadership following the departure of chief executive officer Calvin McDonald in January. Lululemon is facing a slowdown in its United States business and recognizes that some loyal customers feel alienated by its inability to keep up with trends. Chief financial officer Meghan Frank and chief commercial officer Andre Maestrini are serving as interim co-CEOs. Lululemon's sales in the Americas fell by 5 per cent in the fourth quarter, but international growth resulted in a 1-per-cent increase in total net revenue to $3.6-billion for the three months ending Feb. 1 (all figures U.S.). On a constant currency basis, excluding an extra week from the previous year, net revenue was up 4 per cent. Net income dropped to $586.9-million or $5.01 a share, compared with $748.4-million or $6.15 a share in the same period last year. Founder Chip Wilson has accused company leadership of "complacency."