CutsForecast Tag

Victoria’s Secret joins the list of outlets feeling the results of inflation.  The lingerie and wonder company — which incorporates Victoria’s Secret Lingerie, Victoria’s Secret Beauty and the Pink brands — revealed quarterly earnings Wednesday after the market closed, falling short on each top and bottom lines (and failing to fulfill Wall Street’s expectations) as consumers proceed to drag back from spending on discretionary items.  Models in Victoria’s Secret’s “Very Sexy Collection.” Courtesy Photo The innerwear giant is just one in all many retailers trying to administer its way around price hikes, supply chain bottlenecks, budget-conscious shoppers, excess inventory and reduced customer traffic in an era of uncertainty. Within the case of Victoria’s Secret, the final result was a balance sheet of $67.2 million...