As Victoria’s Secret held its annual fashion show, its Columbus, Ohio-based parent company reported that the lingerie label’s sluggish performance continued to undermine otherwise strong sales growth in October.
The Montreal-based activewear and basics manufacturer announced a 5.3% increase in third-quarter net sales on Thursday, driven by strong growth in activewear but dampened by disruption caused by Hurricane Florence.
Young women and men are very clear about the fashion trends they don't like the opposite sex wearing, but they often get it wrong when it comes to assessing what the opposite sex think of their own gender's choices.
Despite a moderate sales rise driven by a strong performance at its Champion brand, the apparel group reported a 15.7% decline in income in Q3 2018, impacted by a $14 million charge related to the Sears bankruptcy.
FashionNetwork.com has learnt that Victoria's Secret will open its first Parisian boutique in 2019. Joining two small travel retail locations, the store will be the American lingerie brand's first real French flagship.