• Victoria's Secret's 'overt sexuality,' dark stores, and comments about transgender models are pushing the struggling chain further in its downward spiral

    19 days ago - By Chron

    Facebook/Victoria's Secret
    Victoria's Secret's same-store sales dropped 6% at stores in the most recent quarter, with analysts saying the brand is completely out of touch. They were down 2% including the brand's online channels.
    The lingerie brand's "overt sexuality, its focus on airbrushed glamour, and its dark and moody stores are completely out of step with the mood of most modern consumers," Neil Saunders, the managing director for GlobalData Retail, said in a note on Tuesday.
    Comments about excluding "transsexual" models from the brand's annual show by a senior executive at Victoria...
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  • Victoria's Secret's 'overt sexuality,' dark stores, and comments about transgender models are pushing the struggling chain further in its downward spiral

    Victoria's Secret's 'overt sexuality,' dark stores, and comments about transgender models are pushing the struggling chain further in its downward spiral

    20 days ago - By Business Insider

    Victoria's Secret 's same-store sales dropped 6% at stores in the most recent quarter, with analysts saying the brand is completely out of touch. They were down 2% including the brand's online channels.
    The lingerie brand's "overt sexuality, its focus on airbrushed glamour, and its dark and moody stores are completely out of step with the mood of most modern consumers," Neil Saunders, the managing director for GlobalData Retail, said in a note on Tuesday.
    Comments about excluding "transsexual" models from the brand's annual show by a senior executive at Victoria Secret's parent company...
    Read more ...

     

  • The owner of Victoria's Secret tumbles after missing on sales, halving its dividend, and replacing its CEO

    The owner of Victoria's Secret tumbles after missing on sales, halving its dividend, and replacing its CEO

    20 days ago - By Business Insider

    L Brands , the owner of Victoria's Secret, beat on adjusted profits but slightly missed on sales.
    The company also slashed its annual dividend by half, in order to raise cash and reduce liabilities.
    Victoria's Secret CEO Jan Singer has resigned and Tory Burch's president John Mehas will replace Singer early 2019.
    Watch L Brands trade live.
    L Brands , the owner of Victoria's Secret, plunged by as much as 9% before Tuesday's opening bell after the company slightly missed on third-quarter revenues and slashed its annual dividend payout.
    Here are the key numbers compared to Wall Street's...
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