Barington Capital Group, the activist investor with a long track record in retail, has taken another stake in Bath & Body Works Inc. and is recommending the personal-care and fragrance store chain to explore a sale.
Bath & Body Works has reported a return to digital growth in its e-commerce segment, anticipating continued gains in the latter half of the year. However, the retailer still expects overall sales to decline as it grapples with weak store traffic.
Bath & Body Works Inc. expects full-year sales to decline slightly less that it previously did, a sign that attempts to revive growth and turn around its business might be gaining traction.
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