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Victoria’s Secret’s CEO has resigned, the lingerie store’s parent company announced Friday. Sharen Jester Turney, who had been CEO of Victoria’s Secret since 2006, attributed her departure to wanting to prioritize her family. Leslie Wexner, chairman and CEO of parent company L. Brands, will take the helm of Victoria’s Secret, while Turney remains as an adviser.  

Kohl's Corp. has eliminated three high-level corporate positions as the company continues to search for ways to revive sluggish performance and rekindle growth. The shake-up comes just one week after the retailer reported lackluster sales in the fourth quarter and sliced its 2015 earnings projection. Now gone from the Menomonee Falls, Wis.-based company are Krista Berry, executive…

Retail sales increased for a third straight month in January as Americans kicked off 2016 by spending freely on cars, clothing and online merchandise. The 0.2 percent gain matched the previous month’s advance that was initially reported as a decline, Commerce Department data showed Friday. The median forecast in a Bloomberg survey called for a 0.1…

Apparel chains, finding it tough to coax more dollars from their customers, are now looking to pick the pockets of their vendors, The Post has learned. After a weak holiday season and a challenging year for sales, a growing number of chains are asking their suppliers to fork over discounts. The reason? Suppliers have super-sized their margins because…

USAToday alerted investors this week that when Sears Holdings reports results on Feb. 25, they will be horrible. Revenues down another 8.7 percent vs. last year. Same-store sales down 7.1 percent. To deal with ongoing losses the company plans to close another 50 stores, and sell another $300 million of assets. For most investors, employees…

British luxury fashion brand Burberry is to face a class-action lawsuit in the United States, claiming it used misleading price tags at its outlets stores to fool shoppers into believing they were getting big bargains. The company, which specifically manufactures some of the products for its outlet stores, is accused of intentionally presenting false price information on…

Following the successful pilot last autumn of a new private label fast-fashion brand targeting millennials, J.C. Penney now plans to roll out the Belle + Sky line across 500 stores from the end of this week.

Target has its bullseye on the "Hollaback Girl" singer. The retail chain is sponsoring a four-minute live video by Gwen Stefani during The Grammy Awards on CBS on Monday, an unprecedented move that capitalizes on the current vogue for live TV events. Stefani will perform the song "Make Me Like You," which is being released Friday. It's…

The National Retail Federation said Wednesday that it expects a year of healthy though hardly stellar growth for the industry in 2016, releasing a forecast that sales will rise about 3.1 percent. The trade group said retailers should finally start to see a bump in sales thanks to lower gas prices. Retailers first started talking about…

eBay’s CEO Devin Wenig outlined a turnaround plan for the e-commerce company on Wednesday. The online retailer and Wenig have a big task ahead for 2016: proving to investors that eBay is still growing after its split from payments giant PayPal last year. So far, things aren’t looking good for eBay, which reported disappointing earnings…