The Victoria’s Secret annual fashion show was cancelled this year.
The brand finally confirming the news said the decision to cancel the show was reportedly to “evolve the marketing of Victoria’s Secret.”
Chief financial officer of the Victoria’s Secret parent company during the company’s third quarter earnings call speaking said“We’ll be communicating to customers, but nothing [will change] that I would say is similar in magnitude to the fashion show.
“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.
The brand recently added some new Angels to the lineup.