DMT Beauty Transformation: Bath & Body Works President to Step Down, Role Eliminated
Daniela Morosini DMTBeautySpot

Bath & Body Works President to Step Down, Role Eliminated

September 26, 2024BruceDayne

Julie Rosen, Bath & Body Works’ retail president of four years, will leave her role on October 22, the company announced yesterday. All roles that previously reported to Rosen, including heads of products, stores and its international division, will report to the company’s chief executive, Gina Boswell, eliminating the retail president role.

The American mall brand specialises in affordable bath and body care products, with a strong emphasis on fragrance. However, despite a wider boom in the body care category, the company has struggled to capitalise on the moment. The company has a high debt load, and sales have stagnated as consumers increasingly favour younger, more dynamic brands in the category such as Sol de Janiero and Naturium. Bath & Body Works’ stock is down more than 30 percent since the start of this year.

Olivia Tong, an equity analyst at investment bank Raymond James, said the management reshuffle would allow for faster decision-making and improved execution.

Sign up to The Business of Beauty newsletter, your complimentary, must-read source for the day’s most important beauty and wellness news and analysis.

Learn more:

When Sol de Janeiro Rules Supreme, Is There Room for The Body Shop?

The beauty label has fallen under administration with plans to cut staff and stores. How did the ultimate purveyor of uber-perfumed creams and fragrances and purpose-driven brand messages, which seem so relevant now, fall so far?




DMTBeautySpot

via https://dmtbeautyspot.com

Daniela Morosini, DMT.NEWS, DMT BeautySpot,

You Might Also Like

0 comments

DMT BarberShop

DMT BarberShop
Come get the professional touch you deserve!

YouTube Channel

Contact Form