Victoria’s Secret Cuts 400 Jobs
Limited Brands, the company that owns Victoria's Secret, Bath & Body Works and Henri Bendel has cut 400 jobs after a Q1 loss. Pay increases are also suspended.
Q4 revenue dropped 8.7% to $2.99 billion.
Those affected by the job cuts will remain on staff until March 7th.
Limited’s 3,014 retail locations include Bath & Body Works and Henri Bendel as well as Victoria’s Secret.