Mehas has his work cut out for him, analysts say. Same-store sales at Victoria's Secret were down 3% in 2018, and it's gradually losing market share to new companies.
Plus, he has angry shareholders to deal with. In March, activist shareholder Barington Capital sent a letter to Wexner, laying out recommendations to improve growth at Victoria's Secret in order to "unlock substantial value."
In the letter, Barington's CEO, James A. Mitarotonda, called out the company's brand image as being "outdated."
"Victoria's Secret's brand image is starting to appear to many as being outdated and even a bit 'tone deaf' by failing to be aligned with women's evolving attitudes towards beauty, diversity, and inclusion," he wrote.
Read more: An activist shareholder is urging Victoria's Secret parent to update 'tone-deaf' brand image to boost sales