• Victoria's Secret has a new CEO for its lingerie business

    20 days ago - By Business Insider

    Victoria's Secret has a new CEO to run its lingerie business.
    John Mehas, who is currently president of Tory Burch, will be taking up the position. He replaces former CEO Jan Singer, who was at the company for two years.
    The brand has struggled in recent years and did not show signs of a comeback during its most recent quarterly earnings, reported on Monday. Same-store sales numbers were down 6% at Victoria's Secret stores during the quarter. They were down 2% including the brand's online channels.
    Victoria's Secret has a new CEO to run its lingerie business.
    On Monday, parent company L...
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  • Even small companies may be able to cut Amazon-like deals

    Even small companies may be able to cut Amazon-like deals

    20 days ago - By Chron

    NEW YORK - A company doesn't need to be as big as Amazon to get a good deal on real estate.
    Whether a small business wants to buy or rent, it may have leverage with landlords or local governments to get breaks on rent or taxes. It's especially doable if a company can be a drawing card that helps boost local commerce or has significant job creation plans. The key is often to look for real estate in an area that needs an economic boost.
    Even the smallest and newest businesses may be able to negotiate, says Seth Kaplowitz, who teaches real estate courses at San Diego State University.
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  • 'Your show may be a "fantasy" but we live in reality': Lingerie startup ThirdLove slams Victoria's Secret exec in full-page New York Times ad

    'Your show may be a "fantasy" but we live in reality': Lingerie startup ThirdLove slams Victoria's Secret exec in full-page New York Times ad

    20 days ago - By Business Insider

    ThirdLove ran a full-page ad in The New York Times this weekend slamming Victoria's Secret after one of its parent company's executives made controversial comments about transgender and plus-size models in a recent interview with Vogue .
    The ad, which was structured as an open letter from ThirdLove cofounder and CEO Heidi Zak, described the comments from L Brands CMO Ed Razek as "demeaning."
    This isn't the first time Zak and ThirdLove have been openly critical of Victoria's Secret. In the run-up to Victoria's Secret's annual fashion show, ThirdLove set up an online petition asking shoppers...
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