The Victoria's Secret Fashion Show has hit a record low in TV ratings, with this year's show garnering an audience of 3.27 million, compared to last year's total of 5.37 million; the spectacle's then-rock bottom.
U.S. shoppers formed long lines at store checkout counters on Black Friday, offering evidence that a healthy economy and rising wages are translating into stronger consumer spending at the start of the holiday season.
The struggling lingerie brand is set to lose CEO Jan Singer, reported the Wall Street Journal on Wednesday, citing a person briefed in the matter who said that, after two years leading the label, Singer has resigned.
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.
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.