Victorias Secret Closing it’s doors? Victorias Secret saw a major drop in sales this summer- during one of the biggest sales of the year.
UPDATE 8/24 – Victoria’s Secret announces 20 stores to close in 2018
With the Victoria Secret Semi Annual sale over, it should come as no surprise that Victorias Secret had a decline in sales. From overpriced sports items, to high amounts spent for free gifts- Victorias Secret may be on it’s last leg.
Is Victorias Secret Closing?
That may very well be possible according to this article from Fast Company. Analysts have studied the declining sales of Victorias Secret in the last few years. It is also said that other companies have been moving in to take Victorias Secrets place in the market. American Eagle Aerie reportedly had better sales than Victorias Secret Pink in the last 16 quarters.
Victorias Secret merchandise is too expensive for the quality of most products. The wording on the shirts fall off after the first wash, jackets don’t hold up, underwear gets holes on the first use, etc. And all of it is expensive unless you find a glitch on it.
What are your thoughts?