The head of Victoria's Secret's lingerie business is reportedly leaving the company as it continues its downward spiral

The CEO of Victoria's Secret's lingerie business is resigning, The Wall Street Journal reported on Wednesday.

Jan Singer, who has been with the company for two years, previously hailed from Nike and more recently Spanx, where she served as CEO for over a year.

Victoria's Secret did not immediately respond to Business Insider's request for comment.

The news comes at a difficult time for the brand, which has struggled in recent months and is increasingly losing market share to more body-positive brands such as American Eagle's Aerie.

NOW WATCH: How Alibaba turned a fake holiday into a $25 billion shopping extravaganza that's bigger than Black Friday and Cyber Monday combined