Victoria's Secret Struggles On
4 monthes ago - By WWD
Victoria's Secret just isn't that sexy right now.
Shares of parent company L Brands Inc. fell 10.9 percent to $32.75 in midday trading Thursday after the lingerie merchant - again -failed to excite shoppers.
The retailer, which includes Pink, the retail chain and e-commerce, said June comparable sales fell 1 percent on top of a 17 percent drop a year earlier. For the first six months of the year, the brand's comps were flat after a 15 percent decline for the first half of 2017.
“Growth in beauty was offset by declines in lingerie and Pink,” said Amie Preston, chief investor relations...
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