VICTORIA'S SECRET news and archive

Victoria's Secret to acquire intimates brand Adore Me for 400 million dollars

Victoria’s Secret & Co has signed a definitive agreement to acquire 100 percent of Adore Me, a digitally-native intimates brand. Victoria’s Secret said in a statement that the transaction includes an initial upfront 400 million dollar cash payment and further cash consideration, a portion of which is fixed and a portion of which is based on the...

Nov 1, 2022

Report

Victoria’s Secret sees Q3 operating income and earnings at high end of outlook

For the third quarter, Victoria’s Secret & Co. estimates operating income to be towards the high end of its previous guidance range of 10 million dollars to 40 million, and earnings to be towards the high end of 0 to 25 cents per diluted share. The company said in a release that the updated operating income and earnings per diluted share...

Oct 13, 2022

Report

Q2 sales and earnings drop at Victoria's Secret

Victoria’s Secret Co reported net income of 70 million dollars or 83 cents per diluted share for the second quarter of 2022 compared to 151 million dollars or 1.71 dollars per share for the second quarter of 2021. The company reported net sales of 1.521 billion dollars, a decrease of 6 percent compared to the prior year second quarter. Total...

Aug 25, 2022

Fashion |Interview Featured

Can a former corporate fast fashion exec launch an authentic sustainability brand?

When a new sustainability-focused brand is founded by an industry veteran who has built their career at Gap, Victoria’s Secret, and The Limited, it is perhaps only natural to question the authenticity of the endeavor. Accusations of greenwashing have befallen many seeking to capitalize on sustainability as a trend rather than a mandate, and the...

May 17, 2022

BusinessFeatured

Victoria's Secret launches inclusive digital-only brand aimed at Tweens

Victoria’s Secret has launched a digital-only brand aimed at Tweens. Called Happy Nation, the collection features sweats, swimwear, underwear and body care in gender neutral product categories. The new line is marketed as a judgment free community for tweens aged 8-13 and is size inclusive. In a press release Victoria’s Secret & Co. (VSCO) said...

Apr 21, 2022

Business

Victoria’s Secret to make seven million dollar investment in women-led businesses

Lingerie retailer Victoria’s Secret has announced its intention to invest seven million dollars into women-owned businesses through a partnership with venture capital firm, Amplifyher Ventures. The goal of the investment is to provide female entrepreneurs with access to capital and growth opportunities, as well as potentially closing the gender...

Mar 1, 2022

Business

Victoria's Secret announces 250 million dollar share repurchase program

Victoria’s Secret & Co. has entered into an accelerated share repurchase agreement (“ASR”) with Goldman Sachs & Co. LLC (“Goldman Sachs”) to repurchase 250 million dollars of the company’s common stock. Victoria’s Secret also reaffirmed fourth-quarter sales, operating income, and earnings guidance. Under the ASR, Victoria’s Secret will make an...

Dec 29, 2021

Business

Victoria's Secret sued by owner of "Sweat" trademark

Victoria’s Secret Stores Brand Management LLC is being sued in Utah federal court for copying the trademark of a health and fitness company. The news was reported by Bloomberg. IFIT Inc. has claimed that Victoria’s Secret is using their “SWEAT marks” trademark on or in connection with fitness apparel in a complaint filed in the U.S. District...

Nov 18, 2021

ManagementFeatured

Victoria's Secret earnings beat, sales grow 7 percent

Victoria’s Secret & Co. reported net income of 75.2 million dollars or diluted earnings per share of 81 cents in the third quarter of 2021, compared to previously communicated guidance of 60 cents to 70 cents per diluted share. This result compares to net income of 143.4 million dollars or earnings per share of 1.62 dollars and adjusted net...

Nov 18, 2021

Fashion

Victoria’s Secret partners with Mindd

Intimates brand Victoria’s Secret and bra company Mindd have announced their partnership. Mindd, which caters for D+ women, will be an exclusive retailer for Victoria’s Secret. The two brands had already begun collaborating in early 2021, releasing a range of Mindd’s most popular products for the Victoria’s Secret audience. Mindd, which was...

Oct 28, 2021

Business

Victoria’s Secret links with Stella McCartney for breast health awareness initiative

Lingerie brand Victoria’s Secret has announced a new initiative in partnership with British designer Stella McCartney, aiming to highlight the risks of breast cancer and the importance of early detection. A public service announcement (PSA) will be included in the campaign, with a #CheckYourself guide provided by The Stella Cares Foundation. The...

Oct 1, 2021

Report

Bath & Body Works net sales improve 14 percent against Q22019

Bath & Body Works, Inc. formerly known as L Brands, Inc. reported net sales of 3.318 billion dollars for the second quarter compared to 2.319 billion dollars for the second quarter ended August 1, 2020. Sales for the quarter increased 14 percent compared to sales of 2.902 billion dollars in 2019. Bath & Body Works’ net sales were 1.704 billion...

Aug 19, 2021