Revenue at Victoria's Secret is in decline and its operating income is in free fall.
LB management may be trying to position the brand amid competition from Aerie and Savage X Fenty.
Hemorrhaging at Victoria's Secret could continue for a while.
Rihanna with Bernard Arnault of LVMH. Source: Forbes
When it rains it pours for L Brands (LB). Its revenue is in decline amid a protracted slump at its Victoria's Secret brand. S&P recently