Bath & Body Works Appoints Heather Hollander Vice President, Investor Relations

COLUMBUS, Ohio, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) today announced the appointment of Heather Hollander as Vice President, Investor Relations, effective immediately. Ms. Hollander will be responsible for leading the company's investor relations program, including engagement with shareholders, investors and the analyst community. She will report to Wendy Arlin, Chief Financial Officer.

Hollander is a well-established voice in the institutional investor and research analyst community with an impressive career of financial leadership roles spanning investor relations, finance, analytics and strategy at leading consumer brand companies, including Nordstrom, Lowe's, Bloomin' Brands and Burger King.

Arlin commented, "Heather is a seasoned investor relations professional with deep finance expertise and consumer brands industry experience, strong relationships within the investment community and extensive knowledge of the capital markets. She will be a valuable addition to the Bath & Body Works team as we navigate the current dynamic operating environment and execute on initiatives to accelerate growth and create value for shareholders."

Heather Hollander

Hollander most recently served as Head of Investor Relations at Nordstrom from July 2021 to December 2022. Prior to Nordstrom, she held various finance leadership positions at Lowe's from 2014 to 2021, including Senior Director – Finance, Senior Director – Investor Relations and Strategic Assessment and Director – Enterprise Analytics. Prior to Lowe's, Hollander served in leadership roles spanning finance, analytics and strategy at Bloomin' Brands, Burger King and MEDNAX. She began her career as an investment banking analyst at Deutsche Bank Securities.

Hollander has been recognized by Institutional Investor Research as a top investor relations professional in the Retailing Broadlines & Hardlines sector. She has a B.A. in economics and political science from the University of North Carolina at Chapel Hill.

ABOUT BATH & BODY WORKS:

Home of America's Favorite Fragrances®, Bath & Body Works is a global leader in personal care and home fragrance, including the #1 selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap. Powered by agility and innovation, the company's predominantly U.S.-based supply chain enables the company to deliver quality, on-trend luxuries at affordable prices. Bath & Body Works serves and delights customers however and wherever they want to shop, from welcoming, in-store experiences at more than 1,785 company-operated Bath & Body Works locations in the U.S. and Canada and more than 390 international franchised locations to an online storefront at bathandbodyworks.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

We caution that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this press release or made by our company or our management involve risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. Accordingly, our future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Words such as "estimate," "project," "plan," "believe," "expect," "anticipate," "intend," "planned," "potential" and any similar expressions may identify forward-looking statements. Risks associated with the following factors, among others, in some cases have affected and in the future could affect our financial performance and actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements included in this press release or otherwise made by our company or our management:

• general economic conditions, inflation, consumer confidence, consumer spending patterns and market disruptions including pandemics or significant health hazards, severe weather conditions, natural disasters, terrorist activities, financial crises, political crises or other major events, or the prospect of these events;
• the COVID-19 pandemic has had and may continue to have an adverse effect on our business and results of operations;
• the seasonality of our business;
• the anticipated benefits from the Victoria's Secret & Co. spin-off may not be realized;
• the spin-off of Victoria's Secret & Co. may not be tax-free for U.S. federal income tax purposes;
• our dependence on Victoria's Secret & Co. for information technology services;
• difficulties arising from turnover in company leadership or other key positions;
• our ability to attract, develop and retain qualified associates and manage labor-related costs;
• the dependence on store traffic and the availability of suitable store locations on appropriate terms;
• our continued growth in part through new store openings and existing store remodels and expansions;
• our ability to successfully operate and expand internationally and related risks;
• our independent franchise, license and wholesale partners;
• our direct channel business;
• our ability to protect our reputation and our brand image;
• our ability to successfully complete environmental, social and governance initiatives, and associated costs thereof;
• our ability to attract customers with marketing, advertising and promotional programs;
• our ability to maintain, enforce and protect our trade names, trademarks and patents;
• the highly competitive nature of the retail industry and the segments in which we operate;
• consumer acceptance of our products and our ability to manage the life cycle of our brands, develop new merchandise and launch new product lines successfully;
• our ability to source, distribute and sell goods and materials on a global basis, including risks related to:
  • political instability, wars and other armed conflicts, environmental hazards or natural disasters;
  • significant health hazards or pandemics, which could result in closed factories and/or stores, reduced workforces, scarcity of raw materials, and scrutiny or embargoing of goods produced in impacted areas;
  • duties, taxes and other charges;
  • legal and regulatory matters;
  • volatility in currency exchange rates;
  • local business practices and political issues;
  • delays or disruptions in shipping and transportation and related pricing impacts;
  • disruption due to labor disputes; and
  • changing expectations regarding product safety due to new legislation;
• our geographic concentration of vendor and distribution facilities in central Ohio;
• our reliance on a limited number of suppliers to support a substantial portion of our inventory purchasing needs;
• the ability of our vendors to deliver products in a timely manner, meet quality standards and comply with applicable laws and regulations;
• fluctuations in foreign currency exchange rates;
• fluctuations in product input costs;
• fluctuations in energy costs;
• our ability to adequately protect our assets from loss and theft;
• increases in the costs of mailing, paper, printing or other order fulfillment logistics;
• claims arising from our self-insurance;
• our and our third-party service providers', including Victoria's Secret & Co. during the term of the Transition Services Agreement between us and Victoria's Secret & Co., ability to implement and maintain information technology systems and to protect associated data;
• our ability to maintain the security of customer, associate, third-party and company information;
• stock price volatility;
• our ability to pay dividends and make share repurchases under share repurchase authorizations;
• shareholder activism matters;
• our ability to maintain our credit ratings;
• our ability to service or refinance our debt and maintain compliance with our restrictive covenants;
• the impact of the transition from London Interbank Offered Rate and our ability to adequately manage such transition;
• our ability to comply with laws, regulations and technology platform rules or other obligations related to data privacy and security;
• our ability to comply with regulatory requirements;
• legal and compliance matters; and
• tax, trade and other regulatory matters.
  
  

We are not under any obligation and do not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this press release to reflect circumstances existing after the date of this press release or to reflect the occurrence of future events even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized. Additional information regarding these and other factors can be found in "Item 1A. Risk Factors" in our 2021 Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, and our subsequent filings.

For further information, please contact:

Bath & Body Works, Inc.:

Heather Hollander

Investor Relations

[email protected]           

Media Relations

Tammy Roberts Myers

[email protected]