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Victoria's Secret CEO Jan Singer has resigned amid a sales slump and competition from young companies challenging the brand's grip on the lingerie industry.The Wall Street Journal first reported Singer's departure last week. Victoria's Secret parent company L Brands (LB) made it official during its quarterly earnings release.John Mehas, now the president of Tory Burch, will take over as CEO of Victoria's Secret Lingerie early next year, the company said.Sales at Victoria's Secret stores that have been open for at least a year dropped 6% last quarter. Victoria's Secret has close to 1,000 stores in the United States, many of them tied to struggling malls.Last year, Victoria Secret's same-store sales in North America fell 8% in part because of the company's decision to stop selling swimwear and clothing."Our number one priority is improving performance at Victoria's Secret Lingerie and PINK," said Leslie Wexner, Chairman and CEO of L Brands. "We could not be more excited for [Mehas] to lead Victoria's Secret Lingerie to a new phase of success."Singer took over in 2016 after a stint at Spanx. She worked at Nike (NKE) for more than a decade.Victoria's Secret has been struggling to keep up with changing consumer tastes. Flashy fashion shows, push-up bras and celebrity models aren't drawing people in like they used to. Instead, women are clamoring for more products with a better fit.Online stores like ThirdLove, Lively and True & Co. are using tech and harnessing data to offer custom sizes and new products.Other parts of the L Brands business have been struggling. The company announced in September that it is closing Bendel's website and all 23 of its stores, including the store's iconic Fifth Avenue location in New York, in January 2019 because of sluggish sales.A change in Victoria's Secret leadership may not be enough to convince experts that L Brands is turning itself around."Jan was not the problem," Jefferies analyst Randal Konik wrote last week following rumors of Singer's exit. "The real problem is the VS brand is not resonating with consumers, its pricing power is gone, its market share is under permanent attack, and the business is over-stored." 2198
Truly heartbreaking. Stay safe, El Paso. Please follow all directions of emergency personnel as we continue to get more updates. https://t.co/BU0AH6Y8Rv— Beto O'Rourke (@BetoORourke) August 3, 2019 215

UPDATE: Police say they have safely located Reynaldo and Christina Gonzalez.(KGTV) — California Highway Patrol has issued an Amber Alert for a 4-year-old boy and a 35-year-old woman from Los Angeles County.CHP says Reynaldo, 4, and Christina Gonzalez, 35, were abducted on Friday at about 8 a.m. near the Lincoln Heights area of Los Angeles. Officers are currently searching for a silver, 2014 Toyota 4-Runner with the California license plate "7VGY615."Currently, there is no known suspect, according to CHP.Reynaldo is Hispanic with brown hair and brown eyes. He's about 3 feet and 6 inches tall and weighs about 40 pounds. Christina is Hispanic with brown hair and brown eyes. She is about 5 feet and 6 inches tall and weighs about 140 pounds, police say.Anyone who see the described vehicle or the pair is asked to 911 immediately. 843
Two people have died in a partial building collapse at an Amazon Fulfillment Center in southeast Baltimore, officials said Saturday.Baltimore Fire Department spokesman Chief Roman Clark said thermal imaging equipment was being used to determine if anyone else may be trapped inside. One of those found dead was an adult male.Brandon McBride, an employee who was working in the building at the time, described the chaos to CNN affiliate WBAL when the building collapsed. 477
Two dogs are safe after running onto a Phoenix freeway and disrupting traffic on Wednesday. Video from Scripps station KNXV in Phoenix showed two dogs running onto Interstate 17 near Deer Valley Road. The Arizona Department of Public Safety tried to catch the dogs, but they refused to stop. DPS stopped traffic for a brief time while troopers and Phoenix firefighters attempted to stop the dogs. Officials were able to grab one dog on I-17, but the other dog ran from DPS and away from the freeway into an RV park.Residents at the RV park were able to capture the second dog after almost an hour of running free. KNXV caught up with the dog and the owner: DOG CHASE: DPS following dogs on I-17/Deer Valley in Phoenix. Watch live: https://t.co/YLfa6FP2t2 #abc15 pic.twitter.com/RvHoNl1MDT— ABC15 Arizona (@abc15) February 28, 2018 863
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