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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
US Ambassador to the United Nations Nikki Haley said the United States was prepared to sustain its pressure on Syria after a night of military strikes meant to cripple the country's ability to use chemical weapons, as Russia accused Washington of "hooliganism" and a major breach of international law."The time for talk ended last night," Haley told the UN Security Council. "We are prepared to sustain this pressure, if the Syrian regime is foolish enough to test our will."The United States is locked and loaded," she said. "When our President draws a red line, our President enforces a red line."Haley blasted Russia for protecting Syria and said Moscow has emboldened Syrian President Bashar al-Assad's regime to continue its attacks, while the Russian ambassador to the UN said Washington had embarked on an "illegal military adventure." 850
Vice President Mike Pence and his wife Karen Pence will be featured speakers during Night 3 of the Republican National Convention, slated to begin at 8:30 p.m. ET.The third night of the convention is taking place amid a series of national emergencies, including Hurricane Laura striking the Gulf Coast, unrest in Wisconsin, and the coronavirus pandemic that has claimed nearly 180,000 American lives since March.During Tuesday’s portion of the Republican National Convention, Melania Trump spoke out about the unrest after Jacob Blake was shot by police in Kenosha, Wisconsin, on Sunday.“I have reflected on the racial unrest in our country. It is a harsh reality that we are not proud of parts of our history,” the first lady said.“I like to call on the citizens of this country to take a moment, pause, and look at things from all perspectives. I urge people to come together in a civil manner, so we can work and live up to our standard American ideas,” she added. “I also ask people to stop the violence and looting being done in the name of justice and never make assumptions based on the color of a person's skin. Instead of tearing things down, let's reflect on our mistakes.”As the first lady delivered her remarks, crowds of demonstrators clashed with police for the third straight night in Kenosha. Amid the chaos, two people were fatally wounded and a third person was shot. Kyle Rittenhouse, 17, has been charged in connection with Tuesday's shootings.While the first lady was among three Trumps not named Donald Trump who spoke on Tuesday, the only Trump family member listed on Wednesday’s schedule is the president’s daughter-in-law Lara Lea Trump, wife of Eric Trump. She is a senior adviser to the Trump campaign.The theme of Wednesday’s section of the convention is “Land of Heroes,” and the GOP says that the party "will honor our nation's heroes and their contributions to writing our great American storyWednesday’s portion of the convention will include a speech from Trump outgoing adviser Kellyanne Conway, who is stepping away from her role at the White House to spend time with family. Her husband, George Conway, is also stepping back from the Lincoln Project, which is a group of anti-Trump Republicans who are campaigning to defeat the president in November.Others slated to speak: White House Press Secretary Kayleigh McEnany, Sens. Marsha Blackburn of Tennessee and Joni Ernst of Iowa and Reps. Dan Crenshaw of Texas and Elise Stefanik of New York. 2487
Uber announced Thursday that it's introduced safety features in select markets, including a new emergency button.Denver is one of the cities where Uber is testing the new safety features. They're designed to keep riders connected if they need help, so even if they're riding alone, they're never really by themselves.Among the new features is an emergency button that connects users directly to a dispatcher. In some pilot cities, like Denver, once a rider presses the emergency button, their location and trip details will be automatically sent to the 911 dispatcher.There are other initiatives Uber is planning to roll out this summer across the country, and not just in pilot cities.In the "Safety Center," users can find tips from law enforcement, learn things like how Uber screens drivers, and insurance protections. "Trusted Contacts" allows riders to pick up to five friends and family members and share trip details with them during every ride. That way, they can follow you along and know when they've arrived.When it comes to drivers, Uber says it is also strengthening its screening process and will keep doing background checks on drivers every year. They're even investing in technology to let them know if a driver has a new offense.Uber says based on how the 911 pilot goes in Denver, they will decide whether or not to expand to other cities. 1417
Unexpected fees, lack of personal space, screaming babies, scant entertainment. For most passengers today, flying is hardly a luxury experience. Seasoned travelers know the tricks for dealing with air-travel irritants, but if you’re a less-frequent flyer, here are seven of the most common headaches and how you can head them off before you get in the air. 399