What’s skinnier than a Victoria’s Secret model? Its parent company’s share price. Already down about 80 per cent from its 2015 peak, L Brands’ stock sank toward a 10-year low after quarterly same-store sales dropped 6 per cent at Victoria’s Secret – the latest sign that the retailer of sexy underthings is losing market share to brands that promote more inclusive sizes and styles.
Now listen, I’ll make this as plain as can beStory continues below advertisementBusiness quiz! Shares of Foot Locker tumbled after: a) a radical left-wing group, Free Basketball Shoes for Everyone, claimed responsibility for a US$500-million heist at one of the company’s distribution centres; b) U.S.
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