Activist investor Barington Capital Group is calling on department store retailer Macy’s to develop an internal real estate subsidiary, reduce capital expenditures, and explore strategic options for its Bloomingdale’s and Bluemercury chains among other changes to boost its slumping stock, according to its proposal made public Monday.

Rich Brooks/CNN(CNN) - One of Victoria's Secret's key executives is stepping down as the retailer deals with a battering year. Becky Kritek-Behringer, a 17-year veteran who is currently Victoria's Secret's SVP of store operations, will assume the position until a permanent replacement is found. The high-profile departure comes at a troubling time for Victoria's Secret. Activist hedge fund investor James Mitarotonda has urged L Brands to offload Victoria's Secret. Victoria's Secret announced earlier this year it was shutting down 50 stores.

Rich Brooks/CNN(CNN) - It's no secret that fewer people are buying bras, panties and other intimate apparel at Victoria's Secret. Victoria's Secret has struggled to adapt as consumers in the #MeToo era have shunned the company's advertising including models posing in lingerie. Women are shopping more at rivals such as ThirdLove, Lively and American Eagle Outfitters-owned Aerie instead of Victoria's Secret. But he's worried that anything L Brands does to turn around Victoria's Secret "may be too little too late." Sales have continued to increase at that chain even as Victoria's Secret has struggled.