Monday, September 16, 2019
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Victoria’s secret revenue dropped to $2.9 billion

DNMAG-dn-mag-Victoria's Secret

L Brands, the parent company of Victoria’s secret had  a disappointing second quarter this year.

Revenue dropped to $2.9 billion from $2.98 billion a year ago. Same store sales at Victoria’s secret went down 6% during the quarter. Bath and Body Works, the other retail outlet of L Brands had a much better report.

Its same store sales went up 8%. Nevertheless Victoria’s Secret remains the market leader in American women’s lingerie in America, but for how long?

Victoria’s secret revenue dropped to $2.9 billion
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