Victoria’s Secret third quarter report on Monday, following the recent departures of two top executives (lingerie chief Jan Singer and PINK sub-brand chief Denise Landman), showed once again how much L Brands’ brightest star is dimming.
Victoria’s Secret store comps fell 2% in the quarter, following a 4% decline in the brand’s year-ago quarter. That left the company’s Bath & Body Works unit, which saw comps climb 13%, to push its overall same-store sales into the black at 4%.
