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3 Jan

Martin Waters Taking Charge at Victoria’s Secret, Amy Hauk

Martin Waters Taking Charge at Victoria’s Secret, Amy Hauk
The Latest Yr has brought a latest look from Victoria’s Secret & Co. with a giant leadership changeup and the completion of the $400 million-plus acquisition of Adore Me.  Amy Hauk, who became chief executive officer of the Victoria’s Secret brand in a restructuring in July, is leaving the corporate as of March 31. Along with leading the flagship brand, Hauk had been CEO of the Pink business since 2018. The pending departure was revealed in a filing with the Securities and Exchange Commission, which said Hauk gave notice last week that she was resigning.  A spokesperson added to WWD that Hauk was stepping down “as a way to spend more time along with her family in Florida” and that she has “graciously...
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30 Dec

Victoria’s Secret CEO Says It Will Be ‘A Tough

Victoria’s Secret CEO Says It Will Be ‘A Tough
Victoria’s Secret is gearing up within the race to draw consumers this holiday shopping season.  “We’re in for a tricky December throughout across retail and we have to be prepared to sharpen our elbows and fight as hard as we are able to,” Martin Waters, chief executive officer of Victoria’s Secret & Co., told analysts during Thursday morning’s conference call.  Looks from Victoria’s Secret’s holiday campaign. Courtesy Photo The lingerie and beauty retailer’s game plan includes increased promotions, an expanded assortment, more Stores of the Future and the recent addition of Adore Me to the corporate’s portfolio, all with an emphasis that shoppers can have less money to spend this 12 months.  “We remain mindful of the continued economic headwinds and pressure on our...
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28 Aug

Victoria’s Secret Pressured By Inflation; Cuts Forecast

Victoria’s Secret Pressured By Inflation; Cuts Forecast
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...
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