The lingerie brand has been on a downward streak all year.
The winners and losers of second-quarter earnings, according to WWD.
Company executives admitted sales are still weak and wavered in their expectations of a turnaround this year.
The Victoria’s Secret parent has had a rough year after switching up its approach under the direct guidance of Leslie Wexner.
Monthly sales and comps fall at L Brands for seventh straight month.
The Italian innerwear and swimwear giant plants a flag in Manhattan.
Fears are starting to crop up around the ability of Victoria’s Secret to get on positive ground in the second half of the year.
The Victoria’s Secret operator is still pointing to a lack of swim and apparel for the declines.
The three companies managed to turn in decent results despite deep weakness in the retail market.
The Victoria’s Secret operator was hit by dismal sales early in the year and it’s seeing some fallout after pulling swim and apparel, but it’s keeping positive on growth potential.
The Victoria’s Secret owner again cited last year’s decision to pull swim and apparel from the brand’s offering for the declines.