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.