Bath & Body Works CEO Daniel Heaf Unveils Turnaround Strategy Amid Earnings Miss; Stock Drops 25 Percent

Bath & Body Works’ new chief executive officer Daniel Heaf blasted the retailer’s existing strategy as he unveiled his new strategic plan, signaling a launch on Amazon next year. The company also turned in weaker-than-expected third-quarter earnings and a revised outlook, pressuring the stock, which tumbled 25 percent to $15.82. More from WWD Speaking to analysts in a post earnings call Thursday, Heaf, who joined the company in May, stressed that while the consumer environment is tougher, “this is no exc ...