Victorias Secret is cutting jobs.
Parent company L Brands has officially announced in a release that Victorias Secret will be streamlining the organisation through the elimination of approximately 200 Columbus and New York home office associates.
This is part of an overall restructuring plan.
Victorias Secret will be split into three divisions, according to the release: Victorias Secret Lingerie, Victorias Secret Beauty, and PINK.
Meanwhile, sales at Victorias Secret continue to soar. Comparable sales for March were up 2%. This news also comes on the heels of a record-shattering fiscal 2015.
Coming off a record year, now is the best time to make improvements going from best to even better, recently appointed…
Read the full article at: http://www.businessinsider.com/victorias-secret-announces-restructuring-and-layoffs-2016-4