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Lululemon Athletica Inc. will have to get along without the advice of its controversial founder, who announced he is stepping down from the company's board.

Chip Wilson, a sometimes controversial figure who helped build the Canadian yogawear retailer into an international success story, said he was resigning from the company's board.

"I believe that now is the right time to step away," Wilson said in a statement.

Wilson, who founded Lululemon in 1998, withdrew from day-to-day management in early 2012, and stepped down as chairman in late 2013.

Mumbai, India – Alibaba may not be the only large Asian e-commerce retailer selling shares in the U.S, stock market. Leading Indian e-commerce platform Flipkart is reportedly considering launching a $5 billion U.S. IPO.

Seattle – Amazon.com is reportedly piloting co-branded e-commerce sites with three universities. According to the Wall Street Journal, Amazon is partnering with Purdue University, the University of Massachusetts Amherst and the University of California Davis to operate the sites, which sell textbooks and T-shirts as well as other items available on Amazon.com.

Dodgeville, Wis. - Lands’ End Inc. has named fashion executive Federica Marchionni as CEO. Marchionni comes to Lands’ End from her role as president of Dolce&Gabbana USA Inc. She will succeed Edgar Huber, who is resigning from the company.

Marchionni has served as president at Lands’ End since 2011, overseeing the opening of several key stores, including the Fifth Avenue flagship store in New York City as well as stores in other markets including Toronto, Chicago, Aspen and Boston.  

New York -- Forever 21 will open a five-level store on Fifth Avenue in Manhattan, taking over the space that formerly housed an H&M.  

The new Forever 21, which is located on Fifth between 51st and 52nd Streets, is scheduled to open on Feb. 7.

Dublin, Calif. - Doug Baker, who served as president and chief merchandising officer of Ross Stores’ DD’s Discounts division since 2011, is leaving the company. A specific reason has not been given.

The senior merchandising executives at DD’s Discounts will report to Ross executive chairman Michael Balmuth while the company conducts a search to fill this position.

St. Petersburg, Fla. - HSN Inc. (HSNi) has entered into a new $1.25 billion five-year credit facility, replacing its existing $600 million credit facility. In addition, in continuation of the company's capital return plan, the board of directors declared a special cash dividend of $10 per share, representing approximately $525 million.

As more retailers work to unify their physical and digital capabilities in a more effective way, BCBGMaxazria Group is expanding its omnichannel strategy.

The retailer says it is expanding its relationship with Demandware to advance its omnichannel commerce strategy.