BeautyBath & Body Works President Julie Rosen Departs, Position...

Bath & Body Works President Julie Rosen Departs, Position Eliminated

-

spot_img

[ad_1]

Bath & Body Works president of retail Julie Rosen is exiting the company and her position will be eliminated.

The company and Rosen have “mutually agreed” the latter will step down from her role, effective immediately, according to a statement issued on Wednesday. Rosen will be available in an advisory capacity to ensure a smooth transition.

As part of this move, the company has eliminated the role of president, retail, and largely all functions which previously reported to Rosen will report to Gina Boswell, chief executive officer of Bath & Body Works.

“Having made significant progress in fortifying our operating foundation and building our platform for long-term, sustainable growth, we believe that now is the right time for this change and that we will benefit from accelerated decision-making as a flatter organization,” said Boswell. “We are well-positioned heading into the holiday season and we remain relentlessly focused on growth and committed to bringing customers the compelling product, unique merchandising and brand storytelling for which Bath & Body Works is known.”

Bath & Body Works missed Wall Street’s sales forecast in its second quarter and lowered its full-year outlook amid a challenging backdrop of economic uncertainty and consumers tightening their purse strings. 

For fiscal 2024, the company expects net sales to dip between 4 and 2 percent, compared with a previous forecast of a 2.5 percent drop to flat. Full-year 2024 adjusted earnings per diluted share are now expected to be between $3.06 and $3.26, compared to adjusted earnings per diluted share of $3.27 in fiscal 2023.

[ad_2]

Source link

Latest news

Exploring Symbolism and Metaphor in Biblical Texts

Introduction The Bible is one of the richest sources of symbolic and metaphorical language in human history. Throughout its books,...

Grooming and Hygiene: How to Get Answers That Keep Pets Comfortable

Keeping pets clean and well-groomed is not just about appearance; it is a key part of their overall health...

How Entertainment Venues Shape a City’s Nightlife Appeal

Introduction: The Pulse of a City After DarkEntertainment venues play a pivotal role in defining the character and vibrancy...

How Machine Learning Powers Modern Math Calculators

The evolution of math calculator technology has transformed the way students, educators, and professionals approach problem-solving. Once limited to...
spot_img

Learn How to Balance Nutrition for Women’s Health and Pregnancy Support

Understanding the Importance of Balanced NutritionFor women, maintaining optimal health through nutrition is not only vital for daily wellness...

My Accidental Journey from Skeptic to Night Owl

I'll admit it – I used to scoff at online slots. "Just a money pit," I'd think. Oh, how...

Must read

Exploring Symbolism and Metaphor in Biblical Texts

Introduction The Bible is one of the richest sources of...

Grooming and Hygiene: How to Get Answers That Keep Pets Comfortable

Keeping pets clean and well-groomed is not just about...
spot_img

You might also likeRELATED
Recommended to you