by AlabasterJefferson
In an interview with The Business of Fashion, Victoria’s Secret said its recent initiatives to promote inclusivity and get rid of some of its most popular supermodels attracted “favorable reviews from online critics [but] never translated into sales.”
It is pretty impressive that VSCO is flying in a down week, on the edge of recession collapse.
They’ve trimmed operational losses significantly and are focusing on sex. This is the same way McDonald’s stock always goes higher when they commit to cutting their menu.
There may be hope in consumer spending, but most stores have to feel a lot of paint first. Which other specialty retailers have significant fat to trim?
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