Victoria's Secret news and archive

Debrand opens first US facility in Ohio for scalable textile sortation

Debrand, a Canadian next-life textile solutions and logistics provider, has announced the opening of its first facility in the United States. Located in Columbus, Ohio, the new facility sees Debrand expand its innovative circular textile ecosystem in North America while strengthening its capacity to meet the growing demand for advanced, scalable...

Report

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...

Report

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...

Fashion |In Pictures Featured

Susan Fang unveils Victoria’s Secret collaboration at LFW

London and Shanghai-based Canadian Chinese designer Susan Fang unveiled a collaboration with lingerie brand Victoria’s Secret during her autumn/winter 2024 catwalk show during London Fashion Week and announced an upcoming collection with retailer & Other Stories. The Victoria’s Secret x Susan Fang collection showcased a line of intimates,...

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...

RetailFeatured

Victoria's Secret & Co. revolutionizes online shopping experience via Google Cloud AI partnership

Victoria's Secret & Co. has penned a new strategic, multi-year partnership with Google Cloud to leverage the company's artificial intelligence (AI) and generative AI technologies to enhance its online shopping experience. Announced ahead of the National Retail Federation (NRF) 2024 event, the lingerie brand also aims to leverage Google Cloud...

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...

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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...

Management

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...

Report

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...