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

U.S. dollar weakens while Australian dollar rises amid global market shifts

Published

2 days ago

January 30, 2026

Harvey Vargas

US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations

The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.

Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.

Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker

Money

Wall Street slides as AI spending raises investor concerns

Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives. Tune in for insights!

Published

2 days ago

January 30, 2026

Harvey Vargas

Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives.

Wall Street closed lower on Thursday, with the Nasdaq leading losses as investors questioned whether Big Tech’s massive AI spending will pay off. Microsoft shares tumbled after revealing record AI infrastructure costs, while Meta rallied on strong earnings and a bullish outlook.

Kyle Rodda from Capital.com joins us to explain what spooked markets, which tech names are holding up, and whether AI budgets are getting too big.

We also discuss rate expectations, macro risks, and what to watch in the upcoming earnings season.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

Money

Tesla brand value plummets amid Elon Musk’s political focus

Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.

Published

4 days ago

January 28, 2026

Harvey Vargas

Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.

Tesla’s brand value plummeted by $15.4 billion in 2025, falling to $27.61 billion from $66.2 billion in early 2023. Analysts say Elon Musk’s political focus and a slowdown in new models have distracted the company’s core business.

In the U.S., Tesla’s recommendation score sank to just 4 out of 10, down from 8.2 in 2023. Despite this, loyalty among existing owners remains high at 92 per cent, showing a strong but shrinking fan base.

#TeslaNews #ElonMusk #BrandValue