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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
UPDATE: Santa Clarita County Sheriff's deputies announced Saturday the boy was safe and his father was arrested. Deputies did not disclose details of the recovery.GORMAN, Calif. (KGTV) - An Amber Alert took effect Friday for the 2-month-old Los Angeles County boy who may be with his father.LA County deputies said Jefferson Gomes was taken by his biological father, 42-year-old Jeffrey Gomes, after a domestic violence incident in the Gorman area.Gomes was driving a 2007 white Chevrolet 2500 pickup truck with a 28-foot 'toy hauler' trailer. The license plate is O2390P1.Gomes was wearing a black shirt, grey hat and jeans. The baby was wearing a navy-blue onesie.Deputies said Gomes may be armed and dangerous. The public should call 911 if they see Gomes. 778
UNIVERSAL CITY, Calif. (KGTV) – Detectives in Los Angeles are searching for more victims after they say a man exposed himself to a woman and juveniles at Universal Studios.Hershel Korngut, 34, was arrested after detectives with the Los Angeles County Sheriff’s Office say he exposed himself to a woman on the Universal CityWalk on January 1.Korngut was arrested on a misdemeanor charge, cited and released. Throughout their investigation, detectives found several other juvenile victims and, after searching Korngut’s home, found evidence of child pornography.Authorities say additional charges, including possession of child pornography, lewd and lascivious acts upon a child and sexual battery will be brought before a judge at Korngut’s upcoming court appearance.Detectives added that Korngut was employed at a hearing care facility and mentored at a youth organization in Los Angeles.Detectives are asking that any additional victims come forward by calling the Los Angeles County Sheriff’s Office at 818-622-9600 or providing an anonymous tip at 800-222-8477. 1072
UPDATE (8:59:59 PM PT): The government shutdown is now in effect with no agreement reached.UPDATE (7:30 PM ET):A partial government shutdown will happen at midnight as the House of Representatives has adjourned for the evening.EARLIER STORY:With Washington just hours away from a partial government shutdown, lawmakers and President Donald Trump still have not yet reached a deal to stave off a shutdown.An effort to broker an agreement that would prevent a shuttering of key federal agencies appears to be underway, however. Republican Tennessee Republican Sen. Bob Corker said on the Senate floor late in the day Friday that an "understanding has been reached" that the Senate will not take any further votes related to the funding issue "until a global agreement has been reached between the President" and congressional leaders.It is not yet clear whether that effort will succeed in stopping a partial shutdown or exactly what it might involve.Corker made his remarks just after the Senate approved a motion to proceed to consideration of a House-passed spending bill that includes an additional billion for the President's border wall, and which has been widely considered dead on arrival in the upper chamber.Vice President Mike Pence, budget director Mick Mulvaney and Trump's son-in-law, Jared Kushner, were on Capitol Hill on Friday afternoon meeting with senators, including Senate Minority Leader Chuck Schumer, a New York Democrat, about finding a solution.RELATED: Government shutdown: Who will get furloughed if a spending bill is not signed?The President has repeatedly said he is unwilling to accept anything less than billion for his long-promised border wall. But the billion border wall bill's failure in the Senate shows the votes aren't there on the Hill to meet the President's demand.Funding for roughly a quarter of the federal government expires at midnight, including appropriations for the Department of Homeland Security, the Department of Justice, the Department of Housing and Urban Development and other parts of the government.Trump predicts shutdown after meeting with Republican senators Trump predicted there likely will be a government shutdown Friday night and put the onus on Democrats -- a reversal from his position just a week ago, when he said he would "take the mantle" and not blame the opposing party."The chances are probably very good" that there is a shutdown, Trump said to reporters Friday afternoon while at a White House bill signing on bipartisan legislation overhauling the nation's sentencing laws."It's really the Democrat shutdown, because we've done our thing," Trump continued. "Now it's up to the Democrats as to whether we have a shutdown tonight. I hope we don't, but we're totally prepared for a very long shutdown."Just a week ago, the President -- sitting in the Oval Office with House Minority Leader Nancy Pelosi and Senate Minority Leader Chuck Schumer -- said he would be "proud" to shut down the government over border security."I will take the mantle," Trump said last week. "I will be the one to shut it down. I'm not going to blame you for it."Earlier Friday, 3151
VAN NUYS, Calif. (CNS) - Sen. Bob Hertzberg, D-Van Nuys, was reprimanded by the state Senate for hugging fellow legislators and staffers, according to documents released Friday, and he said that while there was no illicit intent behind his actions, he will respect the reprimand. 287