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Victoria’s Secret UK arm falls into administration

Video Credit: PA - Press Association STUDIO - Duration: 00:45s - Published
Victoria’s Secret UK arm falls into administration

Victoria’s Secret UK arm falls into administration

More than 800 jobs are at risk after the UK arm of lingerie retailer Victoria’s Secret tumbled into administration.

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Fact check: Victoria's Secret's RFID tags do not track customers

Social media posts claim Victoria's Secret is tracking its customers through tags. But the RFID chips that retailers use are for inventory tracking.

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As Sales Sag And Droop, Victoria's Secret To Close 250 Stores [Video]

As Sales Sag And Droop, Victoria's Secret To Close 250 Stores

Victoria's Secret's parent company L Brands is permanently shuttering 250 stores in the US and Canada in 2020. According to Business Insider, L Brands reported first-quarter earnings for 2020 after the market close on Wednesday. Of 849 Victoria's Secrets stores in North America, most have remained closed since March after the coronavirus pandemic hit the US. News of the closings come just weeks after L Brands confirmed that a deal to sell a majority stake in the company had fallen through.

Credit: Wochit News    Duration: 00:34Published

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