February 11, 2009 3:22 PM
- Text
Can Victoria's Secret Be Too Sexy?
(AP)
Victoria's Secret, the lingerie company that introduced the Very Sexy bra, the Fantasy Bra, and the Internet server-crashing fashion show, has become "too sexy" for its own good, its top executive said.
"We've so much gotten off our heritage ... too sexy, and we use the word sexy a lot and really have forgotten the ultra feminine," said Sharen Turney, Victoria's Secret's chief executive, in a call with industry analysts.
Victoria's Secret was launched with the idea that Victoria was manor-born and lived in London, Turney said. Turney said Victoria's Secret wants to increase its level of sophistication.
"We will also reinvent the sleepwear business and focus on product quality," she said. "Our assortment will return to an ultra feminine lingerie brand to meet her needs and expectation."
Sales at Victoria's Secret, like many clothing retailers, have been slipping.
Victoria Secret's parent, Limited Brands, said Wednesday that its fourth quarter profits fell 12 percent and that its first quarter earnings would come in below Wall Street expectations.
Same-store sales at Victoria's Secret fell 2 percent in 2007, with sales in the fourth quarter dropping 8 percent.
The chain was started in San Francisco in 1977 by Roy Raymond, who said he was embarrassed trying to buy lingerie for his wife and hoped to provide a comfortable place for men to shop.
"We've so much gotten off our heritage ... too sexy, and we use the word sexy a lot and really have forgotten the ultra feminine," said Sharen Turney, Victoria's Secret's chief executive, in a call with industry analysts.
Victoria's Secret was launched with the idea that Victoria was manor-born and lived in London, Turney said.
"I feel so strongly about us getting back to our heritage and really thinking in terms of ultra feminine and not just the word sexy and becoming much more relevant to our customer," Turney said Thursday.
Photos: What Is Sexy?
Turney said Victoria's Secret has gotten younger with a strong focus on its successful Pink line of lingerie and loungewear created for college-age women, and has tried to chase those customers
Photos: Victoria's Secret Fashion Show
Photos: Secret Preparations
"We will also reinvent the sleepwear business and focus on product quality," she said. "Our assortment will return to an ultra feminine lingerie brand to meet her needs and expectation."
Sales at Victoria's Secret, like many clothing retailers, have been slipping.
Victoria Secret's parent, Limited Brands, said Wednesday that its fourth quarter profits fell 12 percent and that its first quarter earnings would come in below Wall Street expectations.
Same-store sales at Victoria's Secret fell 2 percent in 2007, with sales in the fourth quarter dropping 8 percent.
The chain was started in San Francisco in 1977 by Roy Raymond, who said he was embarrassed trying to buy lingerie for his wife and hoped to provide a comfortable place for men to shop.
Popular Now in Entertainment
- Beyonce, Jay-Z post photos of Blue Ivy Carter
- "Idol": Carrey's daughter out, and then disaster
- Zsa Zsa at 95: Husband releases birthday photos
- Leslie Carter dead at 25
- Gender-bending model a runway sensation
- Madonna stalker escapes from mental hospital
- Schwarzenegger, Stallone have hospital run-in
- Will Ferrell delivers hilarious NBA player intros
- Macaulay Culkin through the years
- Beyonce shows off her post-baby body
- Paul McCartney is a star in Hollywood
- "Jersey Shore" spinoff to shoot in Jersey City
- Target to release "Breaking Dawn" DVD at midnight
- Only Denzel can rescue "Safe House"
- Macaulay Culkin is in good health, says rep
- George Clooney on his longest practical joke
- Gary Busey files for bankruptcy
Latest CBS News Headlines
on Facebook
on CBS News
- How Jason Wu picks models, tweaks looks for runway
- Libertine Fashion Week show big on embellishment
- Libertine Fashion Week show big on embellishment
- Huge art work honoring Havel on display in Prague
on Facebook
- Adele sings a cappella for Anderson Cooper
- Adele sings a cappella for Anderson Cooper
- Beyonce and Jay-Z post first photos of Blue Ivy Carter
on CBS News






