Victoria's Secret news and archive

Unwrapping in 2025 - Leadership overhauls beckon fresh beginnings: The turnaround strategies of new CEOs

2024 seemed to take shape as a period of transition for many of the industry’s biggest players as they looked to swiftly, yet effectively, turn around lacklustre financials and return to growth, profitability or both. To lead such strategies, many took to overhauling their leadership teams, naming new CEOs in the process who have come in guns...

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The winners and losers in PETA’s end of year Fashion Awards

Every year, the People for the Ethical Treatment of Animals (PETA) awards the brands and individuals that it believes have made the biggest impact and contribution to the welfare of animals. In doing so, the organisation intends to inspire more progress throughout the industry, encouraging more of what it dubs “cruelty-free fashion”. Since 2023,...

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Victoria's Secret & Co. sees brighter picture: raises annual forecast

Lingerie group Victoria's Secret & Co. reported a 7 percent increase in sales in the third quarter. The positive figures prompted the company to raise its expectations for the full fiscal year. The company reports net sales of 1.34 billion dollars for the third quarter. Converted, this is 1.27 billion euros. The result achieved is higher than...

Fashion

Victoria’s Secret runway return faces mixed reactions

The much-anticipated return of Victoria's Secret to the runway, following a five-year hiatus, was met with both excitement and scrutiny. The lingerie giant, which had faced criticism for its outdated, “sexy-first” image during the #MeToo era, undertook a vigorous rebranding campaign, attempting to realign itself with modern sensibilities and...

Fashion

What to know about the return of the Victoria’s Secret runway

“We’ve read the comments and heard you,” a post on Victoria’s Secret Instagram page read back in May, announcing the return of the lingerie brand’s infamous fashion show. Hype surrounding the show has only seemed to heighten in the months leading up to it, particularly with the promise of a refreshed take on the event, which had previously been...

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Victoria’s Secret relaunches athleisure brand VSX

Lingerie brand Victoria’s Secret has relaunched its athleisure label VSX through a new star-studded campaign featuring Gigi Hadid, Imaan Hammam, Paloma Elsesser and Taylor Hill, among others. VSX has been reintroduced under the premise of being a “lifestyle” brand at the “intersection between performance and fashion”, Kira Fisher, VP brand...

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Victoria’s Secret reports Q2 earnings, raises forecast

Second quarter net income at Victoria’s Secret was 32 million dollars or 40 cents per diluted share, while adjusted net income was 31 million dollars or 40 cents per diluted share and adjusted operating income was 62 million dollars. The company’s net sales for the quarter of 1.417 billion dollars, decreased by 1 percent and comparable sales...

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Victoria’s Secret appoints Hillary Super as CEO

American lingerie brand Victoria’s Secret has appointed former Savage x Fenty executive Hillary Super as its new chief executive officer to accelerate growth. Described as a seasoned executive and proven merchant operator who “takes brands to the next level,” Super will start her new role as Victoria’s Secret’s CEO and join the retailer’s board...

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Victoria’s Secret reports Q1 loss

Victoria’s Secret reported a net loss of 4 million dollars or 5 cents per diluted share for the first quarter of 2024, while operating income dropped to 26 million dollars. The company’s adjusted net income was 9 million dollars or 12 cents per diluted share, and adjusted operating income was 40 million dollars. The company reported net sales of...

Fashion

Victoria's Secret reviving fashion show after six-year hiatus

New York - American lingerie giant Victoria's Secret announced Wednesday that its annual fashion show, scrapped after 2018 due to sluggish sales and diminishing audiences, will return this fall bringing high-profile models back onto its catwalk. In a video posted on Instagram the company announced "the runway show is back this fall," without...

Victoria’s Secret stock falls on weak outlook

Victoria’s Secret shares fell after the company forecasted FY24 net sales to be about 6 billion dollars or down low-single digits below LSEG estimates of 6.18 billion dollars and adjusted operating income to be about 250 million dollars to 275 million dollars. First quarter 2024 net sales are expected to decrease mid-single digits compared to...

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