The L Brands ceo talks retail basics, his company’s digital grade, the oddly happy consumer and more.
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.
Shares of the company fell sharply after the retailer’s outlook disappointed and weakness persisted.
The Victoria’s Secret chain saw a 20 percent comp decline in February.
Yet another mall-based chain succumbs to the harsh realities of changing consumer preferences.
Analysts repeatedly questioned executives from Victoria’s Secret-parent L Brands about the brand’s core.
The company said its third-quarter profits fell by 25.8 percent as Victoria’s Secret comps trended down.