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Victoria’s Secret enlists former “Angels” for new campaign

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In a strategic move to rejuvenate its image and combat declining sales, lingerie giant Victoria’s Secret has made a bold decision to bring back some of its former “Angels” to lead the charge in their latest campaign.

The lineup includes renowned supermodels Gisele Bündchen, Naomi Campbell, Candice Swanepoel, and Adriana Lima, who will spearhead the company’s new “The Icon Collection” campaign.

This maneuver comes as a pivot from the company’s 2018 move to dissolve its previous group of Angels as part of an overarching effort to enhance inclusivity.

Despite these substantial changes, Victoria’s Secret has been grappling with a slump in sales over recent years, finding itself ceding market share to formidable competitors like Aerie, Savage X Fenty, and Skims. The lingerie retailer’s profitability took a notable hit, with profits dwindling from $646 million in 2021 to $348 million in 2022.

The financial woes were compounded by a significant net loss of $72 million in 2020, attributing a considerable portion to the repercussions of COVID-19-induced lockdowns.

New collection

Dubbed “The Icon Collection,” the freshly unveiled campaign boasts an eclectic mix of models, fronted by the likes of Gisele Bündchen and Adriana Lima, showcasing the brand’s latest innovation: the push-up demi bra.

Notably, this strategic shift signifies the company’s earnest endeavor to extend its appeal to a more diverse spectrum of sizes and consumer preferences. The collection ambitiously spans sizes ranging from XS to XXL.

Furthermore, Victoria’s Secret has announced its intent to stage a comeback for its fashion show, which had been suspended in 2019. The revitalized showcase promises a fresh narrative, forgoing the traditional “Angels” in favor of a more diverse representation of women from across the globe.

This revamped approach is strategically designed to contemporize the brand’s identity and establish a more resonant connection with its core audience.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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