Victoria Secret

Victoria Secret

Victoria Secret
Victoria's Secret

The agency is an American designer, manufacturer, and marketer of women lingerie, womenswear, and beauty products. Founded in 1977 as a response to packaged underwear, which the company founder considered to be ugly, floral-print nylon nightgowns, the company is now the largest American retailer of women lingerie.

Victorias-secret-fashion-show -at-bond-street-media-event-in-london
 
Victorias-secret-fashion-show -at-bond-street-media-event-in-london
Victorias secret models paris
 
Victorias secret models paris
Kendall Jenner In Black Swimsuit At Eden-roc Hotel In Cannes
Kendall Jenner
Kendall Jenner In Black Swimsuit At Eden-roc Hotel In Cannes
Lily Aldridge
Lily Aldridge
Lily Aldridge
Alessandra-ambrosio-fully-naked-body-provocative-sexy-photo
Alessandra Ambrosio
Alessandra-ambrosio-fully-naked-body-provocative-sexy-photo
Leomie Anderson Model
Leomie Anderson
Leomie Anderson Model
Gisele-bundchen
Gisele Bundchen
Gisele-bundchen
Laetitia Casta
Laetitia Casta
Laetitia Casta
Tyra Banks
Tyra Banks
Tyra Banks
Helena Christensen
Helena Christensen
Helena Christensen
Selita Ebanks
Selita Ebanks
Selita Ebanks
Grace Elizabeth Model
Grace Elizabeth
Grace Elizabeth Model
Lindsay Ellingson
Lindsay Ellingson
Lindsay Ellingson
Izabel Goulart Fashion Model
Izabel Goulart
Izabel Goulart Fashion Model
Alexina-graham
Alexina Graham
Alexina-graham
Kate Grigorieva Model
Kate Grigorieva
Kate Grigorieva Model
Erin Heatherton Model
Erin Heatherton
Erin Heatherton Model
Taylor Hill
Taylor Hill
Taylor Hill
Elsa Hosk In A Bikini
Elsa Hosk
Elsa Hosk In A Bikini
Victoria Secret Model Martha Hunt Wears A Sexy Teal String Bikini To The Beach In Miami
Martha Hunt
Victoria Secret Model Martha Hunt Wears A Sexy Teal String Bikini To The Beach In Miami
model Rosie Huntington Whiteley lingerie
Rosie Huntington-Whiteley
model Rosie Huntington Whiteley lingerie
Chanel Iman Photo Sports Illustrated
Chanel Iman
Chanel Iman Photo Sports Illustrated
Monika Jac Jagaciak By Maciek Kobielski For Viva Moda
Jac Jagaciak
Monika Jac Jagaciak By Maciek Kobielski For Viva Moda
miranda kerr model in bikini
Miranda Kerr
miranda kerr model in bikini
model karlie kloss in bikini
Karlie Kloss
model karlie kloss in bikini
Heidi Klum
Heidi Klum
Heidi Klum
Doutzen Kroes Bikini
Doutzen Kroes
Doutzen Kroes Bikini
Karolina-kurkova-model
Karolína Kurková
Karolina-kurkova-model
Adriana-lima
Adriana Lima
Adriana-lima
Stella Maxwell Shooting A Commercial In Miami
Stella Maxwell
Stella Maxwell Shooting A Commercial In Miami
Marisa Miller
Marisa Miller
Marisa Miller
Karen Mulder
Karen Mulder
Karen Mulder
Chandra North
Chandra North
Chandra North
Barbara Palvin
Barbara Palvin
Barbara Palvin
Daniela Peštová
Daniela Peštová
Daniela Peštová
Behati Prinsloo Model
Behati Prinsloo
Behati Prinsloo Model
Lais Ribeiro In Bikini On The Beach In Los Angeles
Lais Ribeiro
Lais Ribeiro In Bikini On The Beach In Los Angeles
Ines Rivero
Inés Rivero
Ines Rivero
Sara Sampaio – Sports Illustrated Swimsuit Issue
Sara Sampaio
Sara Sampaio – Sports Illustrated Swimsuit Issue
Stephanie Seymour
Stephanie Seymour
Stephanie Seymour
Josephine Skriver Lingerie
Josephine Skriver
Josephine Skriver Lingerie
Romee Strijd
Romee Strijd
Romee Strijd
Supermodel Candice Swanepoel Wears An Orange Bikini From Her Own Line As She Hits The Beach In Miami
Candice Swanepoel
Supermodel Candice Swanepoel Wears An Orange Bikini From Her Own Line As She Hits The Beach In Miami
model Jasmine Tookes
Jasmine Tookes
model Jasmine Tookes
Kelly Gale Model
Kelly Gale
Kelly Gale Model
Isabeli Fontana On The Runway
Isabeli Fontana
Isabeli Fontana On The Runway
Maryna Linchuk For Chantelle Lingerie Body
Maryna Linchuk
Maryna Linchuk For Chantelle Lingerie Body
Bridget Malcolm
Bridget Malcolm
Bridget Malcolm
Founded June 12, 1977, 42 years and 2 months Stanford Shopping Center, Palo Alto, California, U.S.
Founder Roy Raymond
Headquarters Three Limited Parkway, Columbus, Ohio, U.S.
Number of locations 1,017 company-owned stores, 18 independently owned stores
Areas served Canada, United States, United Kingdom, France, Italy, Spain, Portugal, Austria, Germany, Switzerland, Ireland, Hungary, Poland, Serbia, Russia, Denmark, Norway, Sweden, Finland, Lebanon, Mexico, Chile, Argentina, Colombia, Brazil, Indonesia, Malaysia, Philippines, Japan, China, South Korea, South Africa, Egypt, Jordan, Israel, United Arab Emirates, Kuwait, Iran, Taiwan, Thailand, Australia, New Zealand and Singapore
Key people Jan Singer, (CEO of Victoria Secret Stores)
Products Underwear, women clothing, lingerie, swimwear, footwear, fragrances and beauty products, and make up.
Parent organizations L Brands, The Limited.

History
1977–1981
Victoria’s Secret was founded by Roy Raymond, and his wife Gaye Raymond, in San Francisco, California, on June 12, 1977. Eight years prior to founding Victoria’s Secret, in the late 1960s, Raymond was embarrassed when purchasing lingerie for his wife at a department store. Newsweek reported him looking back on the incident from the vantage of 1981: When I tried to buy lingerie for my wife, he recalls, I was faced with racks of terry-cloth robes and ugly floral-print nylon nightgowns, and I always had the feeling the department store saleswomen thought I was an unwelcome intruder. Raymond spent the next eight years studying the lingerie market.

At the time when Raymond founded Victoria’s Secret, most women in America purchased dowdy, pragmatic, foundation garments by Fruit of the Loom, Hanes, and Jockey in packs of three from department stores and saved fancier items for special occasions like honeymoons. Lacy thongs and padded push-up bras were niche products during this period found alongside feathered boas and provocative pirate costumes at Frederick of Hollywood outside of the mainstream product offerings available at department stores. In 1977, Raymond borrowed $40,000 from his parents and $40,000 from a bank to establish Victoria Secret: a store in which men could feel comfortable buying lingerie. The company first store was located in Stanford Shopping Center in Palo Alto, California.

Raymond picked the name Victoria after Queen Victoria of the United Kingdom to associate with the refinement of the Victorian era. The Secret was what was hidden underneath the clothes. The angels comes from his wife being in a sorority where their mascot was an angel.

Victoria Secret grossed $500,000 in its first year of business, enough to finance the expansion from a headquarters and warehouse to four new store locations and a mail-order operation. By 1982, the fourth store (still in the San Francisco area) was added at 395 Sutter Street. Victoria Secret stayed at that location until 1990, when it moved to the larger Powell Street frontage of the Westin St. Francis.

In April 1982, Raymond sent out his 12th catalog each catalog cost $3 (equivalent to $7.61 in 2017). Catalog sales accounted for 55% of the company $7 million annual sales in 1982. The Victoria Secret stores at this time were a niche player in the underwear market. The business was described as more burlesque than Main Street.

1982–1983
In 1982, Victoria’s Secret had grown to five stores, a 40-page catalog, and was grossing $6 million annually. Raymond sold Victoria’s Secret Inc. to Leslie Wexner, creator of Limited Stores Inc of Columbus, Ohio, for $1 million.In 1983, Wexner revamped Victoria Secret sales model. He discarded the money-losing model of selling lingerie to male customers and replaced it with one that focused on female customers. Victoria’s Secret transformed from more burlesque than Main Street to a mainstay that sold broadly accepted underwear. The new colors, patterns and styles that promised sexiness packaged in a tasteful, glamorous way and with the snob appeal of European luxury meant to appeal to female buyers. To further this image, the Victoria Secret catalog continued the practice that Raymond began: listing the company headquarters on catalogs at a fake London address, with the real headquarters in Columbus, Ohio. The stores were redesigned to evoke 19th century England.

Howard Gross took over as president from his position as vice-president in 1985. In October of that year, the Los Angeles Times reported that Victoria’s Secret was stealing market share from department stores; in 1986, Victoria Secret was the only national chain of lingerie stores.

The New York Times reported on Victoria Secret rapid expansion from four stores in 1982 to 100 in 1986, and analysts’ expectations that it could expand to 400 by 1988. In 1987, Victoria Secret was reportedly among the best-selling catalogs. In 1990, analysts estimated that sales had quadrupled in four years, making it one of the fastest growing mail-order businesses. The New York Times described it as a highly visible leader, saying it used unabashedly sexy high-fashion photography to sell middle-priced underwear. Victoria Secret also released their own line of fragrances in 1992.

1990–2006
By the early 1990s, Victoria’s Secret faced a gap in management that led the company to be plagued by persistent quality problems. Howard Gross, who had grown the company significantly since Wexner 1982 purchase, was moved to the poorly performing L Brands subsidiary Limited Stores. Business Week reported that both divisions have suffered. Grace Nichols, who became President and CEO beginning in 1992, worked to resolve the quality problems, their margins tightened, resulting in a slower growth of profits.

Victoria’s Secret introduced the Miracle Bra selling two million within the first year, but faced competition from Sara Lee WonderBra a year later. The company responded with a TV campaign. By 1998, Victoria Secret market share of the intimate apparel market was 14 percent. That year Victoria’s Secret also entered the $3.5 billion cosmetic market.

In 1999, the company aimed to increase its coverage with the Body by Victoria brand. In May 2000, Wexner installed Sharen Jester Turney, previously of Neiman Marcus Direct, as the new chief executive of Victoria’s Secret Direct to turn around catalog sales that were lagging behind other divisions. Forbes reported Turney stating, as she flipped through a Victoria’s Secret catalog, We need to quit focusing on all that cleavage. In 2000, Turney began to redefine Victoria Secret catalog from breasts—spilling over the tops of black, purple and reptile-print underthings to one that would appeal to an upscale customer who now feels more comfortable buying La Perla or Wolford lingerie, dimming the hooker looks such as tight jeans and stilettos; and moving from a substitute for Playboy in some dorm rooms, to something closer to a Vogue lifestyle layout, where lingerie, sleepwear, clothes and cosmetics appear throughout the catalog. Beginning in 2000, Grace Nichols, CEO of Victoria Secret Direct, led a similar change at Victoria’s Secret stores—moving away from an evocation of 1800s England (or a Victorian bordello).

2006–present
By 2006, Victoria’s Secret 1,000 stores across the United States accounted for one third of all purchases in the intimate apparel industry. In May 2006, Wexner promoted Sharen Jester Turney from the Victoria’s Secret catalog and online units to lead the whole company. In 2008, she acknowledged product quality that doesn’t equal the brand hype. In September 2006, Victoria’s Secret reportedly tried to make their catalog feel more like magazines by head-hunting writers from Women Wear Daily.

In February 2016, Turney stepped down as CEO of Victoria’s Secret after serving for a decade. In 2016, direct sales only grew 1.6% and fell by 7.4% in the last quarter of the year, typically a high revenue period due to the holidays. The company discontinued its use of a print catalog and dropped certain categories of clothing such as swimwear. Sales revenue continued to stagnate and drop in early 2017.

Victorias
Victoria’s Secret-fashion in London

Victoria secret

Victoria's secret

Kendall Jenner
Kendall Jenner, Barbra Palvin, Grace Elizabeth

Victoria's secret

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