Latest news with #Victoria'sSecret&Co.
American Military News
a day ago
- Business
- American Military News
Victoria's Secret website down for third day amid mysterious ‘security incident'
Victoria's Secret & Co. kept mum on Wednesday as a prolonged 'security incident' kept its website dark for a third straight day, flummoxing customers and investors alike and pushing the stock price down 7%. The retailer also ceased some office operations and told employees to steer clear of company technology as some email passwords stopped working, Bloomberg reported. 'Recovery is going to take awhile,' CEO Hillary Super cryptically told staff in a memo obtained by Bloomberg. Details of the outage remained, well, secret. For website visitors, the retailer supplied no explanation beyond a few sentences appearing on a blank pink screen, telling customers that the company had 'taken down our website and some in-store services as a precaution' to address the incident. The store's app was also affected, and while the company's social media pages were still intact, the most recent posts were from Monday or earlier. Customers first noticed the outage on Monday or a bit earlier, according to social media posts and Bloomberg. Victoria's Secret told the Daily News in an emailed statement that it 'immediately enacted our response protocols' and that 'third-party experts are engaged,' promising they're 'working to quickly and securely restore operations.' 'We continue to serve customers in our Victoria's Secret and PINK stores,' the company confirmed. The outage came about a week after Victoria's Secret announced on May 20 that it had enacted a 'poison pill' measure, a limited-duration shareholder rights plan, to ward off a potential hostile takeover attempt by an Australian investor. ___ © 2025 New York Daily News. Distributed by Tribune Content Agency, LLC.
Fashion Network
3 days ago
- Business
- Fashion Network
Victoria's Secret website down in days-long unexplained outage
Victoria's Secret & Co.'s website was offline Wednesday, with some customers saying they've been unable to shop online with the lingerie maker since at least Monday. The company's website shows a black screen with the text: 'We identified an issue affecting the operation of our site.' No explanation was provided on its social media channels. The Reynoldsburg, Ohio-based company did not respond to a request for comment. Its shares fell as much as 7.7% Wednesday, the most since April 10. Website outages lasting more than a day are uncommon for major apparel brands like Victoria's Secret. Digital sales, including from its website and mobile applications, accounted for a third of the lingerie maker's revenue in 2024, or $2 billion. The outage comes as activist firm BBRC International Pte Limited attempts a takeover of Victoria's Secret. In response, the retailer, which is due to report earnings next week, adopted a poison pill strategy to fend off the bid. Meanwhile, Victoria's Secret is in the midst of a turnaround effort, which includes revamping its stores and emphasizing inclusivity.
Business of Fashion
3 days ago
- Business
- Business of Fashion
Victoria's Secret Website Down in Dayslong Unexplained Outage
Victoria's Secret & Co.'s website was offline Wednesday, with some customers saying they've been unable to shop online with the lingerie maker since at least Monday. The company's website shows a black screen with the text: 'We identified an issue affecting the operation of our site.' No explanation was provided on its social media channels. The Reynoldsburg, Ohio-based company did not respond to a request for comment. Its shares fell as much as 7.7 percent Wednesday, the most since April 10. Website outages lasting more than a day are uncommon for major apparel brands like Victoria's Secret. Digital sales, including from its website and mobile applications, accounted for a third of the lingerie maker's revenue in 2024, or $2 billion. ADVERTISEMENT The outage comes as activist firm BBRC International Pte Limited attempts a takeover of Victoria's Secret. In response, the retailer, which is due to report earnings next week, adopted a poison pill strategy to fend off the bid. Meanwhile, Victoria's Secret is in the midst of a turnaround effort, which includes revamping its stores and emphasising inclusivity. By Lara Sanli Learn more: Victoria's Secret Adopts Poison Pill to Thwart Investor BBRC After BBRC significantly increased its shares, the undergarments, sleepwear and beauty brand introduced a new shareholders rights plan with the goal of preventing a hostile takeover.
Fashion Network
3 days ago
- Business
- Fashion Network
Victoria's Secret website down in days-long unexplained outage
Victoria's Secret & Co.'s website was offline Wednesday, with some customers saying they've been unable to shop online with the lingerie maker since at least Monday. The company's website shows a black screen with the text: 'We identified an issue affecting the operation of our site.' No explanation was provided on its social media channels. The Reynoldsburg, Ohio-based company did not respond to a request for comment. Its shares fell as much as 7.7% Wednesday, the most since April 10. Website outages lasting more than a day are uncommon for major apparel brands like Victoria's Secret. Digital sales, including from its website and mobile applications, accounted for a third of the lingerie maker's revenue in 2024, or $2 billion. The outage comes as activist firm BBRC International Pte Limited attempts a takeover of Victoria's Secret. In response, the retailer, which is due to report earnings next week, adopted a poison pill strategy to fend off the bid. Meanwhile, Victoria's Secret is in the midst of a turnaround effort, which includes revamping its stores and emphasizing inclusivity.
Yahoo
15-05-2025
- Business
- Yahoo
Victoria's Secret & Co. Invites You to Listen to the First Quarter 2025 Earnings Call Webcast
REYNOLDSBURG, Ohio, May 15, 2025 (GLOBE NEWSWIRE) -- In conjunction with the Victoria's Secret & Co. (NYSE: VSCO) first quarter 2025 earnings release, which will cross the wire before market open on Thursday, June 5th, you are invited to listen to a live webcast of the conference call on Thursday, June 5th at 8:30 a.m. ET with Victoria's Secret & Co. executives. The earnings release and related financial information detailing the company's first quarter results are expected to be issued approximately one hour prior to the start of the live webcast. The earnings release and related financial information will be available on our website at What: Victoria's Secret & Co. First Quarter 2025 Earnings Conference Call Webcast When: 8:30 a.m. ET on Thursday, June 5, 2025 Where: How: Log on to or call:Domestic Dial-In Number: 800.619.9066 (Passcode 5358727) Domestic Replay Number: 800.839.2204 (Passcode 2485654) International Dial-In Number: 212.519.0836 (Passcode 5358727) International Replay Number: 203.369.3032 (Passcode 2485654) If you are unable to participate during the live webcast, the call will also be archived on our website here. About Victoria's Secret & Co. Victoria's Secret & Co. (NYSE: VSCO) is a specialty retailer of modern, fashion-inspired collections including signature bras, panties, lingerie, apparel, casual sleepwear, swim, lounge and sport, as well as award-winning prestige fragrances and body care. VS&Co is comprised of market leading brands, Victoria's Secret and PINK, that share a common purpose of supporting women in all they do, and Adore Me, a technology-led, digital first innovative intimates brand serving women of all sizes and budgets at all phases of life. We are committed to empowering our more than 30,000 associates across a global footprint of approximately 1,380 retail stores in nearly 70 caution that any forward-looking statements (as such term is defined in the U.S. Private Securities Litigation Reform Act of 1995) contained in this press release or made by us, our management, or our spokespeople involve risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. Accordingly, our future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements, and any future performance or financial results expressed or implied by such forward-looking statements are not guarantees of future performance. Forward-looking statements include, without limitation, statements regarding our future operating results, the implementation and impact of our strategic plans, and our ability to meet environmental, social, and governance goals. Words such as 'estimate,' 'commit,' 'will,' 'target,' 'goal,' 'project,' 'plan,' 'believe,' 'seek,' 'strive,' 'expect,' 'anticipate,' 'intend,' 'continue,' 'potential' and any similar expressions are intended to identify forward-looking statements. Risks associated with the following factors, among others, could affect our results of operations and financial performance and cause actual results to differ materially from those expressed or implied in any forward-looking statements: general economic conditions, inflation and changes in consumer confidence and consumer spending patterns; market disruptions including pandemics or significant health hazards, severe weather conditions, natural disasters, terrorist activities, financial crises, political crises or other major events, or the prospect of these events; uncertainty in the global trade environment, including the imposition or threatened imposition of tariffs or other trade restrictions; our ability to successfully implement our strategic plan; difficulties arising from changes and turnover in company leadership or other key positions; our ability to attract, develop and retain qualified associates and manage labor-related costs; our dependence on traffic to our stores and the availability of suitable store locations on satisfactory terms; our ability to successfully operate and expand internationally and related risks; the operations and performance of our franchisees, licensees, wholesalers and joint venture partners; our ability to successfully operate and grow our direct channel business; our ability to protect our reputation and the image and value of our brands; our ability to attract customers with marketing, advertising and promotional programs; the highly competitive nature of the retail industry and the segments in which we operate; consumer acceptance of our products and our ability to manage the life cycle of our brands, remain current with fashion trends, and develop and launch new merchandise, product lines and brands successfully; our ability to integrate acquired businesses and realize the benefits and synergies sought with such acquisitions; our ability to incorporate artificial intelligence into our business operations successfully and ethically while effectively managing the associated risks; our ability to source materials and produce, distribute and sell merchandise on a global basis, including risks related to: political instability and geopolitical conflicts; environmental hazards and natural disasters; significant health hazards and pandemics; delays or disruptions in shipping and transportation and related pricing impacts; foreign currency exchange rate fluctuations; and disruption due to labor disputes; our geographic concentration of production and distribution facilities in central Ohio and Southeast Asia; the ability of our vendors to manufacture and deliver products in a timely manner, meet quality standards and comply with applicable laws and regulations; fluctuations in freight, product input and energy costs; our and our third-party service providers' ability to implement and maintain information technology systems and to protect associated data and system availability; our ability to maintain the security of customer, associate, third-party and company information; stock price volatility; shareholder activism matters; our ability to maintain our credit rating; our ability to comply with regulatory requirements; and legal, tax, trade and other regulatory matters. Except as may be required by law, we assume no obligation and do not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this press release to reflect circumstances existing after the date of this press release or to reflect the occurrence of future events, even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized. Additional information regarding these and other factors can be found in 'Item 1A. Risk Factors' in our 2024 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 21, 2025. For further information, please contact: Victoria's Secret & Co.: Investor Relations: Media Relations: Kevin Wynk Brooke Wilson investorrelations@ communications@
