Wednesday, August 22, 2018

A 'scary' development is taking place at Victoria's Secret

Market Insider
Pricing power continues to erode at L Brands as the brand extends more and more promos and yet the consumer still isn't responding. It's a major red flag considering Pink is a $3 billion business and accounted for all of Victoria's Secret's segment growth over the past 5 years, Konik added.

"Victoria's Secret brand is broken and PINK is now breaking," Konik reiterated in Monday's note.. . . more