Money

Lingerie sales tank, taking Victoria’s Secret stock with it

Published

2 years ago

March 8, 2024

Victoria’s Secret witnessed a catastrophic downturn in its shares as it delivered an unexpected warning of anticipated sales decline for the year.

On Thursday, the company experienced its most dismal trading day ever, with shares plummeting by a staggering 30%, marking the most significant drop since its initial public offering in July 2021, as reported by Bloomberg.

This nosedive ensued subsequent to the disappointing results unveiled for the crucial holiday period, coupled with the bleak projection of a sales decline throughout 2024.

Store sales

During the quarter ending on Feb. 3, the company disclosed a 6% decline in comparable store sales.

Forecasts indicate a sales figure of approximately $6 billion for the current year, in contrast to $6.18 billion recorded the previous year.

These figures fell short of Wall Street’s expectation of a slight uptick to $6.19 billion.

Victoria’s Secret’s Chief Executive, Martin Waters, acknowledged the prevailing challenges, stating, “As we look into the new year, we recognize the broader intimates market in North America has been down for four consecutive quarters, and we are planning the business appropriately conservative in the near-term.”

#MeToo movement

The company has grappled with inertia since its spinoff from L Brands in 2021, compounded by the negative repercussions of the #MeToo movement, which depicted Victoria’s Secret as outmoded and sexist.

The absence of inclusivity in its branding, as well as the association with former CEO and chairman Les Wexner’s ties to Jeffrey Epstein, have further marred its reputation.

Amidst this adversity, Victoria’s Secret has undertaken various initiatives to rejuvenate its appeal.

Notable among these efforts is a “try at home” pilot introduced in February, offering an alternative shopping experience.

Additionally, the company has expanded its product range to cater to a broader demographic, including collections tailored for women with disabilities and mastectomies, alongside the incorporation of plus-size models.

Money

RBA rate shock: ASX200, Gold and Crypto market

RBA’s interest rate shift impacts ASX200, AUD; gold/silver rebound analyzed amidst upcoming economic data and crypto market navigation.

Published

22 hours ago

February 10, 2026

Harvey Vargas

RBA’s interest rate shift impacts ASX200, AUD; gold/silver rebound analyzed amidst upcoming economic data and crypto market navigation.

The RBA’s latest interest rate decision has sent ripples through the ASX200 and AUD, leaving investors weighing what comes next. We break down how these changes could affect global equities ahead of this week’s crucial non-farm payroll and consumer price index releases.

Zoran Kresovic from Blueberry Markets shares his analysis on the rebound in gold and silver after recent market turbulence, and what factors could drive further gains or sell-offs in the commodities market.

We also dive into the current state of cryptocurrencies, exploring how investors can navigate volatility and what to watch as economic data continues to shape market sentiment.

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#RBA #ASX200 #GoldMarket #SilverRebound #CryptoUpdate #InvestingTips #MarketVolatility #EconomicOutlook

Money

Dow hits record while tech stocks drive market gains

S&P 500 rose 0.7% with Nvidia and Broadcom driving gains; investors await delayed January jobs and inflation reports.

Published

23 hours ago

February 10, 2026

Harvey Vargas

S&P 500 rose 0.7% with Nvidia and Broadcom driving gains; investors await delayed January jobs and inflation reports.

The S&P 500 rose 0.7% on Monday, powered by gains in technology stocks, while the Dow Jones Industrial Average hit new heights. Investors are eagerly awaiting crucial economic reports this week.

Nvidia and Broadcom were among the standout performers, climbing 3% and 4% respectively, continuing the momentum from the previous session. The market rebound comes after significant losses earlier last week, with the Dow exceeding 50,000 for the first time ever on Friday.

Investors now turn their attention to the delayed January jobs report from the Bureau of Labor Statistics, due Wednesday, and the consumer price index for January, expected Friday with a 2.5% annual rise.

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Money

Tech stocks slide as investors rotate into small-cap and value plays

Nasdaq drops 1.84% amid turbulent week; investors pivot to cyclical and value sectors from high-growth tech.

Published

2 days ago

February 9, 2026

Harvey Vargas

Nasdaq drops 1.84% amid turbulent week; investors pivot to cyclical and value sectors from high-growth tech.

U.S. equity markets wrapped up a turbulent week with mixed results. The Nasdaq Composite fell 1.84%, marking its worst week for large-cap technology stocks since November, while the S&P 500 remained largely unchanged. Investors are weighing concerns about artificial intelligence and potential overinvestment in high-growth areas.

Meanwhile, smaller-cap and value-oriented stocks continued to add to their year-to-date gains. Market participants rotated into cyclical sectors that had lagged, reflecting a shift in investor sentiment and appetite for risk outside the traditional tech heavyweights.

Analysts say this rotation highlights the broader market’s evolving dynamics, as growth concerns collide with opportunities in underappreciated areas. Stay tuned for further developments as the market digests these trends.

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