Victoria's Secret news and archive

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...

Business

Victoria’s Secret stock falls on weak outlook

Fashion |In Pictures Featured

Fashion and the Super Bowl: A run down of the industry’s most impactful commercials

The final picks for the Super Bowl, the National Football League’s (NFL) championship event, are beginning to narrow down. Next to this, brands that have snapped up a famously prime ad spot during the game are also preparing to unveil their always highly anticipated commercials. Now worth around seven million dollars, these 30-second slots are...

People

Vogue hires new creative director from Victoria's Secret

Raul Martinez has been appointed global creative director of fashion magazine Vogue, a role he will take up from February 5, as announced by the Condé Nast-owned publication on Friday. Martinez will report directly to Anna Wintour, global editorial director of Vogue and chief content officer of the US media conglomerate. Martinez's appointment...

Business

Victoria’s Secret records Q3 losses of 71 million dollars

Victoria’s Secret reported a net loss of 71 million dollars or 92 cents per diluted share for the third quarter, while operating loss was 67 million dollars. Adjusted net loss for the quarter was 66 million dollars or 86 cents per diluted share, and adjusted operating loss was 60 million dollars. The company’s net sales of 1.265 billion dollars,...

Fashion Featured

Victoria's Secret and Pink launch debut inclusive intimate collections

Lingerie brands Victoria’s Secret and Victoria's Secret Pink, part of VS&Co, have unveiled their first-ever collection of intimates specially designed for women with disabilities. Working with GAMUT Management, the consulting and talent management company that works with and for people with disabilities, the ‘VS and Pink Adaptive’ collection was...

Business

Victoria’s Secret presents improved Q3 outlook

Victoria’s Secret & Co. (VS&Co) estimates adjusted operating loss for third quarter in the range of 45 million dollars to 65 million dollars compared to previously communicated guidance range of a loss of 45 million dollars to 75 million dollars, and adjusted net loss in the range of 70 cents to 90 cents per share compared to previous estimate...

BusinessFeatured

Victoria’s Secret reports loss, net sales drop 6 percent

Victoria’s Secret & Co. reported a net loss of 1 million dollars or 2 cents per diluted share for the second quarter of 2023 compared to net income of 70 million dollars or 83 cents per diluted share. Operating income for the quarter was 26 million dollars compared to 98 million dollars in the second quarter of 2022. The company’s net sales were...

Fashion

Victoria’s Secret announces new ‘fashion event’ hosted by Prime Video

Lingerie label Victoria’s Secret has announced that it will be hosting a new fashion event set to take place via Amazon’s Prime Video on September 26. Dubbed ‘The Victoria’s Secret World Tour’, the brand stated that the “one-of-a-kind show” will also be part documentary, contributing to its overall mission of “uplifting and championing women” on...

PeopleFeatured

Victoria’s Secret names Greg Unis as brand president

Lingerie brand Victoria’s Secret & Co. has named former chief growth officer and beauty chief executive Greg Unis as brand president of Victoria’s Secret and Pink. In a statement, Victoria’s Secret & Co. said the move was to advance the company’s strategic pillars “of strengthening the core, igniting growth and transforming the foundation”. In...

Retail

Victoria's Secret expands Amazon partnership with apparel and lingerie

American lingerie and apparel retailer Victoria's Secret has announced it will expand its collections on Amazon and broaden its product categories. While the company had previously launched its own Amazon storefront for beauty products, it now intends to expand its presence on the platform by featuring its own label and Pink brands. Customers...

BusinessFeatured

Victoria’s Secret posts drop in sales, profit in ‘challenging’ Q1

US intimates giant Victoria’s Secret has reported a hit to its top- and bottom-line performance in the first quarter of the year amid “a volatile macro environment”. The specialty retailer posted a 5 percent drop in net sales to 1.407 billion dollars in the three months to April 29 against a “challenging” economic backdrop and an increase in...