Hints and tips:
...Back home, Victoria’s Secret expects to open as many as 20 stores and renovate another 50 this year, as it expands outside of malls....
...Goto’s secret to longevity? He’s one of the few people who can say “no” to Son....
...Meanwhile, a move to close stores and reduce discounts has helped to boost operating margins. L Brands has nothing to lose by spinning off Victoria’s Secret and locking in a higher valuation....
...The two divisions of L Brands underwent a significant restructuring over the past year, particularly Victoria’s Secret, after the pandemic forced many of their stores to shut down....
...Victoria’s Secret has struggled to adapt....
...Meanwhile, debt financing dried up, shares in Blackstone, Apollo, Carlyle and KKR tumbled, pre-crisis deals for Amex’s business travel unit and Victoria’s Secret were called off, and the hit to portfolio...
...Sycamore had argued in its court papers that L Brands had damaged the Victoria’s Secret business by furloughing workers and cancelling shipments while stores were ordered to shut....
...If anything, it would make a potential sale of Victoria’s Secret, which Mr Wexner is also considering, more palatable to would-be buyers. It will take more than new owners to fix Victoria’s Secret....
...Tens of thousands of retail workers are already being furloughed without pay at Victoria’s Secret owner L Brands, while Macy’s warned its workforce of about 125,000 on Monday that it was unclear when stores...
...While it has just 26 stores in the UK and Ireland compared with more than 1,000 Victoria’s Secret outlets in the US, it is a high street stalwart in several British cities....
...In February, it agreed to buy a majority stake in the storied but troubled lingerie merchant Victoria’s Secret from its parent, L Brands, for $525m....
...(WSJ) + (LinkedIn) Shoestring budgets After a private equity group took over the low-price shoe seller Payless, for every dollar that came into the store the company paid out $1.09 to its owners and 26...
...Its same-store sales fell 6 per cent in 2018 following an 8 per cent slide the previous year and in February the company said it was shuttering more than 50 Victoria’s Secret stores in North America this...
...Same store sales at Victoria’s Secret fell 1 per cent last month. Stripping out online sales, the decline was steeper, some 6 per cent, at the brand’s brick and mortar stores....
...The 4 per cent fall for Victoria’s Secret offset a 4 per cent gain for L Brands’ personal care stores, Bath & Body Works....
...Meanwhile other retailers, such as Victoria’s Secret owner L Brands, have continued to tumble, losing 20 per cent since the start of the year....
...The decision to depart from the swim and apparel categories lobbed 6 percentage points off total comparable sales and 9 percentage points off Victoria’s Secret comparable sales....
...L Brands said the exit by Victoria’s Secret from swimwear and apparel reduced the brand’s comp. sales by 10 percentage points, and the company’s by 7pp....
...Comparable sales online and in-store rose 2 per cent company-wide, with 7 per cent growth at its Bath & Body Works stores offsetting decreasing traffic at Victoria’s Secret, both in store and online....
...A recent “find” is A Caraceni, the tailor opposite our Milanese flagship store in the Brera design district....
...In addition, you have three warehouses to store additional belongings (two of which you have kept secret from your wife)....
...Oriole Cullen, acting senior fashion curator at the Victoria and Albert Museum in London, thinks denim’s trans-seasonal quality explains its current popularity....
...Masterpieces of Chinese Painting: 700-1900, edited by Zhang Hongxing, V&A Publishing, RRP£40/$60 The world’s oldest painting tradition explored in the glorious catalogue to the V&A’s current, once-in-a-lifetime...
...Limited Brands, the US retail group which owns the rights to the La Senza and Victoria’s Secret lingerie brands, is already one of its clients and Alshaya operates three La Senza stores in Russia on a franchise...
...Aside from Boots, they include Subway, Staples, Lowe’s, Victoria’s Secret and Chico’s, the US clothing retailer....
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