12/17/2023 0 Comments Victoria secret saleHappy listening!įoodie Canteen is brought to you by Good Foodie Media the team behind KL Foodie, Penang Foodie, Johor Foodie, Singapore Foodie, Bangkok Foodie, Halal Foodie and Foodie 大马吃货. Don’t forget to share this Victoria’s Secret Malaysia Sale now with your sisters and BFFs, that’s all, happy shopping!Īlso Read: Apam Balik Recipe: Make This Easy & Delicious Malaysian-Style Peanut Pancake At Home Now Playing, Catch New Episodes Every Friday At 7 PMĪre you excited yet? Catch Foodie Canteen on Spotify, YouTube, and Apple Podcast or anywhere you get your podcasts with new episodes every Friday at 7 PM. Where to shop you ask? At the comfort of your home through this link here. Now, when you shop a minimum of RM250, you’ll also get complimentary delivery. The brand doesn’t go on sale all the time, so take this opportunity to shop away! Not to mention these luxurious products are great for giftings. If you’re on the hunt for some fragrance mists and hydrating body lotions, now’s the time. ![]() Prestige mists and lotions like Bombshell and Tease, on the other hand, are now RM69 each! Travel sizes of the same line are also on sale, selling at RM39 each. Plus, travel-sized bottles are cute to collect. ![]() Still, we can always save them for later. We know traveling is out of our dictionary for now. Grab any full-sized mist or lotion for only RM49 each! The original price goes for RM99, that’s seriously a steal! Travel sizes of any mists and lotions are now on sale for only RM29 each. More than half of those will entail reducing store size or co-locating Victoria’s Secret and Pink spaces.Here’s the breakdown of the price. This year in North America, the retailer will close 10 to 20 stores, open 16 new ones (mostly away from malls) and renovate about 14, using its new store concept. “The company is attempting a major transformation and the guidedown is likely to amplify concerns the transformation will be more challenging than expected,” they said in a Wednesday client note, adding that the company may struggle to achieve even its lowered expectations because they depend on trends improving in the fourth quarter.ĭespite the traffic declines, the company continues to bet on physical locations, with plans to keep the square footage of its North American store fleet consistent to last year and to focus its capital investment on store technology, distribution and logistics capabilities. Results were bogged down by deteriorating consumer strength in the second quarter as inflation pushed up fuel and food prices and pushed down discretionary spending, and the company said that traffic to Victoria’s Secret stores ebbed throughout the quarter.īut the weakness isn’t just about macroeconomics, according to UBS analysts led by Jay Sole. “We made meaningful progress in a short period of time and I'm proud of the company we are today. Of course we recognize this transformation is a journey and there's still much more to do.” After several years of missteps, we collectively undertook and committed to a revolution of our brand and our strategy, aspiring to become the Victoria's Secret our customers deserve. A Victoria’s Secret where everyone feels seen, respected and valued,” CEO Martin Waters said during a call with analysts Thursday. “As we celebrate our first year as an independent public company, I want to thank all of our associates and partners around the world for their hard work and dedication. That was true even in a weak Q2: Bras were the best performing merchandise segment in the quarter, and the company said Thursday that it’s grown its domestic market share in the intimates category for the past two quarters, with particular strength in bras. In the year since going it alone after the final breakup of the 60-year-old L Brands empire, Victoria’s Secret has turned away from its longstanding angels-dependent marketing, rebuilding its formidable strength in the lingerie market in the process. Operating income is expected to be $525 million to $575 million previously the company estimated it would match last year’s $870 million. The retailer lowered its full-year outlook, estimating sales will fall in the mid- to high-single digit range, versus 2021’s $6.8 billion, down from its previous estimate of flat to up low-single digits. ![]() Operating income fell 37% to $126.9 million, as net income fell 41% to $89.3 million. Physical store comps fell 7%, while digital sales fell in the low double digits. Inventory rose 45.8%, according to an earnings presentation.Īdjusted gross margin fell 540 basis points to 36.1% due to supply chain and raw material costs, the semi-annual sale and an uptick in promotions due to slowing footfall. With some strength in its core merchandise but weaker sales in other apparel, Victoria’s Secret Q2 net sales fell 6% year over year to $1.5 billion, as comps fell 8%, the lingerie maker said Wednesday.
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