Victoria Will Focus On The Core Business: Bra, Underwear And Beauty.
According to recent reports, the "secret of Vitoria" underwear brand made some major changes in 2016, hoping to enhance the brand image and attract young consumers in the social media age.
"Vitoria's Secret" first announced in April that its stores and stores will stop part of the product line, including
Swimsuit
Casual wear, accessories and footwear.
In a conference call in May 19th, the company said it would focus on the core business bra, underwear and beauty.
However, the company executives did not disclose whether they would cater to the current sports craze and continue to sell sportswear.
Surprisingly, "
Victoria's Secret
Swimsuit series is not enough to attract their target customers. Even the "2016 Vitoria Secret Swimsuit special" released earlier this year did not reach the expected sales volume.
Therefore, the company believes that "swimsuit business is not a core business, and it has been flat in the past few years," said Stuard Burgdoerfer, chief financial officer.
According to fashion magazines, these major changes are part of the company's long-term strategy to help cut spending, synchronize online stores and store products.
"The secret of Vitoria" Pink fans need not worry, because the youth series will operate independently according to "different business with different administrative organs".
These new changes will also "bring some pressure on the company's business," Burgoerfer said. But he is still hopeful about the future of the brand.
This change is also a big news for consumers.
This means that the "secret of Vitoria" swimsuit and ready-made clothes will be on sale.
It is reported that there are some conjoined, two piece swimsuits and
Beachwear
The price has started to go down.
The group has announced that it will stop selling swimsuits, shoes and accessories at the end of 2016.
Last year, the business of Wei Mi swimsuit business was about $500 million, accounting for about 6.5% of the total turnover. The company's report showed that the swimwear category had a low turnover.
According to company insiders, reducing the swimwear line will reduce the company's profits, because the inventory needs to be discounted to sell the remaining products.
Another important change made by the "secret of Vitoria" is the replacement of the executive leaders of the core underwear chain stores.
The company has hired Jan Singer (former Spanx Chief Executive). She will take office in September and report to CEO Les Wexner (former CEO Sharen Turney February).
- Related reading

Cotton Enterprises, Rather Than Flood, Actively Respond To Complex Situations.
|- Pregnant baby | Share The Economy, Live Webcast... In 2019, The Real Business Was Broken By Ta.
- Daily headlines | China Textile City'S Dragon Boat Festival Holiday Closed Down, And Price Index Fell Slightly.
- Daily headlines | The Situation Is Changing. Is The Opening Of Textile Machinery Industry In Line With Expectations In 2019?
- Daily headlines | Big Exposure, The National Textile Front-Line Staff Salary Survey, Generally Three Thousand Or Four Thousand, A Few Million Yuan.
- Daily headlines | China'S Textile Exports Increased Year By Year, And Garment Exports Fell Year-On-Year.
- News Republic | The Fourth International Footwear Innovation Summit Ended Successfully, And SGS Speech Made The Company Benefit.
- neust fashion | KAPITAL New Products Depict Scenes Of Indian Life.
- Expert commentary | Why Will Zheng Cotton Not Recapitulation In 2016?
- Expert commentary | Viscose Staple Fiber Year-On-Year Decline Of Up To 3400 Yuan / Ton Late Market Or Continue To See Empty.
- Expert commentary | PTA Trend Stabilized, The Market Began To Reverse?
- Imported Cotton Resources Can Not Meet The Needs Of Cotton Enterprises In Time
- Liu Wen Deducts Fashionable Underwear Brand Advertisement Blockbuster.
- Huzhou Children's Clothing Cluster Develops Green Environmental Protection Into The Future Theme
- How Does Summer Wear Thin? The Shoulder Shirt Is The First Choice.
- Us Fast Fashion J.Crew Sales Fell 6% In The First Quarter
- Striped T-Shirt And Wide ANKLE PANTS Give You A Big Show In The Streets!
- The Luxury Market Is Expected To Grow By No More Than 2% This Year.
- 2017 Shanghai International School Uniform And Garden Dress Exhibition Set Sail, Blowing The Change Of Chinese Uniform Costume.
- The Clear Sculpt In Plator. Are You Get?
- Businessman Again Moths? Japan Sells Snow White And Little Red Riding Hood Fairy Tale Underwear.