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Share Name | Share Symbol | Market | Type |
---|---|---|---|
L Brands Inc | NYSE:LB | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 79.92 | 0 | 01:00:00 |
By Khadeeja Safdar and Maria Armental
L Brands Inc. said Monday it had hired a Tory Burch executive to take over its flagship Victoria's Secret lingerie business after the chain posted another quarter of declining same-store sales.
The company said John Mehas will be joining Victoria's Secret early next year to replace Jan Singer, who resigned last week. Mr. Mehas currently serves as president of Tory Burch and previously led Club Monaco.
In an earnings commentary, the company attributed the weak performance at Victoria's Secret to a "poor assortment" and at its PINK brand to "fashion errors in loungewear." Customers are responding better to new bras and sleepwear at Victoria's Secret, the company said.
Write to Khadeeja Safdar at khadeeja.safdar@wsj.com and Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
November 19, 2018 17:01 ET (22:01 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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