Meanwhile, management is advancing with its plan to separate Bath & Body Works and Victoria's Secret businesses. By August 2021, management intends to complete the separation. This will help simplify the company's organizational structure. Also, the company remains on track with its previously announced profit improvement plan and intends to generate approximately $400 million in annual savings. Management informed that approximately half of the savings were realized in the back half of 2020, primarily at Victoria's Secret unit. It added that the remainder is anticipated to be realized in the first half of 2021.