Wexner and wife Abigail will not be up for re-election to the Victoria’s Secret’s parent company board this spring.
The yearly confab has grown into a showcase for technology.
Asking rents declined 22 percent in spring 2019 from spring 2018.
The company is laying off about 15 percent of its core lingerie staff.
News that parent company L Brands has hired outside lawyers to look into the relationship between the two men sent the company’s shares down sharply.
Executives say basic is for other companies.
Dwindling sales and increased promotional activity at the lingerie brand have resulted in the gloomy outlook.
Contrary to published reports, the luxury retailer said it’s not slimming down.
The new swimwear line is a bid to win back market share.
L Brands’ fourth-quarter numbers reveal mixed results.
Both in store and online sales fell during December.