Victoria's Secret Models
Models including Kendall Jenner, Lily Aldridge and Gigi Hadid posed for a group photograph during a photocall before the Victoria's Secret Fashion Show at the Grand Palais in Paris. REUTERS/Benoit Tessier

Victoria’s Secret has taken another hit as its head of store and store operations is reportedly stepping down.

According to CNBC, April Holt will leave the company after 16 years of service with L Brands (LB). Holt was part of the company’s lingerie division, overseeing its real estate, the news outlet said.

The news of Holt’s resignation was confirmed to CNBC by an L Brands spokesperson. The reason for her departure was not provided.

Becky Kritek-Behringer will reportedly take over Holt’s responsibilities in her current role as senior vice president of store operations until a replacement has been appointed by the company.

Victoria’s Secret has been suffering from low sales as it looks to transform its business to appeal to more diverse and empowered women. The company recently launched the #loveyourself campaign by teaming up with the Bluebella brand.

The company has also had a shakeup of its executive team with a resignation of its chief marketing officer this year and sudden departure of Jan Singer, CEO at Victoria’s Secret last year. Singer was replaced by John Mehas.

Information on when Holt would be exiting Victoria’s Secret was not made available.

Shares of L Brands stock were down 1.98 percent as of 3:06 p.m. ET on Thursday.

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