Victoria’s Secret CEO resigns
Victoria’s Secret just can’t catch a break.
Jan Singer has resigned as CEO of the women’s intimate apparel brand, according to numerous media reports. Singer took the reins of Victoria’s Secret in fall 2016. Prior to that, she served as CEO of Spanx, from 2014 to 2016, and in corporate VP positions at Nike from 2004 to 2014.
Singer’s resignation comes as the former powerhouse struggles with declining sales amid heavy competition from such brands as Aerie and Rihanna’s Savage x Fenty line along with rising online players like ThirdLove. Victoria’s Secret’s overtly sexy image has come under fire for being tone deaf in today’s #metoo era, and the brand has also been called out for its lack of inclusivity and diversity.
Last week, Ed Razek, chief marketing officer of Victoria’s Secret parent company L Brands, came under heavy criticism for indicating that plus-size models and trans models have no place in Victoria’s Secret’s annual runway show. He later issued an apology.
L Brands has not yet announced a replacement for the departing Singer.
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