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GMAT Sentence Correction (SC) | Re: Reporting that one of its many problems had been the recent

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Hi ,
in the below question , can u please tell me why should it be answer 'A' and not 'B'. The sales problem is a recent one and its effect is obviously still existing which is why the company has started the liquidation sale. So, shouldn't it be 'has been' instead of 'had been' ?
Also had been is used when there are 2 actions in the past. But here the action takes place in the present.

QUESTION-
Reporting that one of its many problems had been the recent extended sales slump in women's apparel,
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