This article is more than

    1 year old
    Victoria's Secret

    Victoria’s Secret Is Bringing Back Its Fashion Show After a $1.8 Billion Slump

    Author: Editors Desk Source: Bloomberg
    September 26, 2023 at 13:39
    Two and a half years since Les Wexner’s departure, Victoria’s Secret stores still look essentially the same as they did under his leadership.Photographer: Stephanie Keith/Bloomberg
    Two and a half years since Les Wexner’s departure, Victoria’s Secret stores still look essentially the same as they did under his leadership.Photographer: Stephanie Keith/Bloomberg
    The lingerie chain is revamping its televised fashion show in an effort to dig out of a deep sales hole

    Victoria’s Secret & Co. has been seeking penance with shoppers after a backlash to its sexy imagery, with an oft-changing cast of executives pledging to reimagine the retailer’s merchandise and marketing. So far, it has little to show for its efforts.

    The business has lost about $1.8 billion in sales since 2018 and revenue for its last full fiscal year fell 6.5%, with net income down nearly half. Shares reached an all-time low in September, down 78% from 2021.

    Read More (...)
     
    Keywords
    Victoria’s Secret

    Newer articles

    In case you missed it
    Putin and Scholz hold first phone call in two years – Berlin

    Putin and Scholz hold first phone call in two years – Berlin

    <p>The two leaders have discussed the Ukraine conflict, with the German chancellor calling on Moscow to hold peace talks with Kiev</p>

    We are using cookies to give you the best experience on our website. By continuing to browse, you are agreeing to our Cookie Policy.
    You did not use the site, Click here to remain logged. Timeout: 60 second