Due to declining sales, Victoria's Secret will close over 50 stores

-
It's official: Victoria's parent company Secret, L Brands, Inc., announced it would close 53 of its 1,143 Secret and PINK stores in Victoria, which is less than five percent of its North American locations. A list of stores that have been affected has not yet been released. The company based in Ohio has several brands, including Victoria's Secret, PINK and Bath & Body Works. 
Victoria's Secret declining sales, 
Victoria's Secret declining sales, 

Some say that the brand is just behind the times. Razek suggested in a Vogue interview late last year that people are not interested in seeing models of plus-size on the Secret runway of the Victoria. "We tried to make a special television for plus sizes (in 2000). Nobody was interested in it, don't yet, "he said. He also said transgender women should not be cast in shows in his opinion. (Since then, he has apologized for that comment on Twitter and clarified that he would be well off casting transgender models.) Nevertheless, the comments have provoked long-term controversy. 
Victoria's Secret declining sales, 
Victoria's Secret declining sales, 

L Brands, Inc., which closed Henri Bendel's luxury department store in January, reported on Wednesday that in the fourth quarter of 2018, Victoria's Secret stores in the U.S. and Canada saw a 7% decline in store sales. During the same period in 2017, the continued dip follows a six percent decline. What's next for the Secret of Victoria? Tammy Roberts Myers, a vice president, and Victoria's Secret spokesman explained to TODAY Style in an emailed statement. "Our new CEOs in Victoria's Secret Lingerie and PINK are most focused on our product ranges, where we believe there are clear opportunities for improvement. In lingerie, PINK and beauty, including a limited, curated, digital-only swim assortment in March, we have new product launches throughout the spring, and we will continue to leverage the speed we have to test, read and react in our supply chain, "Myers said. 

 Victoria's Secret declining sales, 
Victoria's Secret declining sales, 

The Victoria's Secret franchise operates in an estimated 80 countries around the world, although L Brands owns and operates Victoria's Secret only directly in the United States, the United Kingdom, Canada, and China. Closures to Victoria's Secret store are just the latest dismal retail news this year as other struggling brands, including Payless ShoeSource, Charlotte Russe, and Gymboree, scale their operations back. 

Comments

Post a Comment

Popular posts from this blog

5 Tips You Must Know About CHEMOTHERAPY

-
Image
C hemotherapy is the treatment or therapy that is used mostly for the purpose of curing cancer. It refers to some powerful drug that has the ability to kill cancer cells and prevent them from producing. There are a number of drugs used to complete the therapy and it is not as easy as it sounds. Even the word, chemotherapy gives a patient goosebumps. Though, here are a few facts about this therapy you didn't know which you should learn about. So, let's raise the curtain out of them. Don't Need To Spend A Night In The Hospital : Yes, most of the people unaware of the fact that after going through a chemotherapy session, they can go back to their home and there is no need to book a bed in the hospital for overnight. Though, it totally depends on the condition of the patient and what kind of cancer they have and what drugs are using to get them to cure. Chemo Drugs Are Available In The Form Of Pills Or Skin Cream : No, we are not lying, it's an undeniable t...
Read more

Netflix UK broadcasts origins story of' The Notebook, ' Nicholas Sparks replies - What is up with those birds?

-
Image
The Notebook, The notebook cast, The notebook actors Fans of the 2004 adaptation of the weepie novel "The Notebook" by Nicholas Sparks can all agree on one thing: The end requires at least two tissue boxes. If you don't live in the United Kingdom and watch the film on Netflix. By the way, Spoiler warns: We're talking about how "The Notebook" ends.  The Notebook, The notebook cast, The notebook actors In the original film-although not in the book-the, two leading characters die in bed at a mature age holding each other's hands. But in the UK's Netflix. Instead, the version of the end cuts off a shot of birds flying over a lake-a scene that is also in the original, but shown only after their bodies have been found. Netflix Great Britain. Wednesday offered an explanation that an alternative version of the film was provided.   The Notebook, The notebook cast, The notebook actors Earlier in the day, during a visit to today's t...
Read more

Domeni Watches Review - Brand that Offers Luxurious Look at the Meager Price Range in the Market.

-
Image
|| Domeni Watches || A simple "watch" can complete your formal as well as casual look for the day either it is an official meeting or a casual get together at the coffee house. But a "luxury watch" can enhance the overall personality from "good" to "woowwwwww." Everyone wants to have luxury watches but most of the leading brands come up with the high price tags which are not possible to buy for the middle-class people. But the Domeni Company has come up with a wide range of luxurious Domeni Watches for the men and women of all ages. The whole series of Domeni Watches comes under the "amazing" category as no one can reject any of them due to their style or look. Every single model of the watches is uniquely designed to beat the high rated brands from the market. The price range of all Domeni Watches is also genuine and affordable which comes under the pocket of a middle-class people. People who have bought watches from Domen...
Read more