The head of stores at Victoria’s Secret to step down, as layoffs mount


Pedestrians walk past a Victoria’s Secret LLC store, a subsidiary of L Brands Inc., in New York.

Craig Warga | Bloomberg | Getty Images

As L Brands’ Victoria’s Secret lingerie brand tries to right the ship, facing a sales slump, the company has laid off dozens of people at its home office this week.

In addition, the head of Victoria’s Secret’s stores and store operations is also stepping down, CNBC has learned.

Victoria’s Secret cut about 50 people on Wednesday and…


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