During the summer, one of the Victoria's Secret models revealed that the annual fashion show was cancelled and now the brand has confirmed the news.
CFO Stuart Burgdoerfer has confirmed that this year's Victoria's Secret Fashion Show has officially been canceled. "The show will be canceled in an effort to "evolve the messaging of the company."
“We’ll be communicating to customers, but nothing [will change] that I would say is similar in magnitude to the fashion show,” the chief financial officer of the Victoria’s Secret parent company said.
“Given the decline in performance at Victoria’s Secret, we have substantially pulled back on capital investment in that business while we focus on ensuring that our merchandise resonates with customers,” the brand continued.
“Given the decline in performance at Victoria’s Secret, we have substantially pulled back on capital investment in that business while we focus on ensuring that our merchandise resonates with customers,” the brand added.This is not really surprising to me considering the fact that they were recently in hot water for failing to be an inclusive brand for all women.
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