News

Sales plunge not a sexy trend for Victoria's Secret

July 18, 2018

June brought a 1 percent dip in same-store sales and a 6 percent plunge in brick-and-mortar same store same-store sales for Victoria's Secret.

The financial news, according to the New York Post, then caused a drop of 12 percent in the company's stock share price.

"We extended the sale time period versus last year by about two weeks and reduced pricing to drive traffic and clear inventory," Amie Preston, chief investor relations officer, Victoria's Secret, said in a statement, according to the Post.