Victoria's Secret is an American lingerie , clothing, and beauty retailer. Founded in 1977 by a Stanford Student and his wife, Roy and Gaye Raymond , the company's five lingerie stores were sold to Les Wexner in 1982. Wexner rapidly expanded into American shopping malls, growing the company into 350 stores nationally with sales of $ 1 billion by the early 1990s, when Victoria's Secret became the largest lingerie retailer in the United States.
95-473: The Victoria's Secret Fashion Show is an annual promotional event sponsored by and featuring Victoria's Secret , a brand of lingerie . From 1995 to 2018, Victoria's Secret used the show to market its goods in high-profile settings. Models under contract to the company, known as Victoria's Secret Angels , were key participants at the event. The fashion show was cancelled in 2019, the same year its organizer, Edward Razek , resigned under public pressure. It made
190-546: A TV Parental Guidelines rating of TV-14 (a rating maintained for each broadcast presentation over the years), as a TV-MA rating is virtually unmarketable for advertisers on broadcast television. In 2002, the National Organization for Women protested the show calling it a "soft-core porn infomercial". They were joined in protest by the Parents Television Council and other watchdog organizations. Despite
285-411: A lipdub for Katy Perry's " Firework ". As of 2010, 152 models have walked the show. In 2011, Kanye West started his song " Stronger " with a tribute to his mother who had died before his scheduled performance four years before, saying: "In 2007, I was supposed to perform this song on this show ...and I lost my superhero. Now she's my super-angel." In 2012, an outfit worn by model Karlie Kloss , which
380-543: A mail-order operation. The fourth store, added in 1982 at 395 Sutter Street in San Francisco, operated at that location until 1990, when it was moved to the larger Powell Street frontage of the Westin St. Francis . In April 1982, Raymond sent out his 12th catalog at a cost to customers of $ 3 (equivalent to $ 9 in 2023); catalog sales accounted for 55% of the company's $ 7 million annual sales that year. Victoria's Secret
475-466: A "wardrobe malfunction". In place of the fashion show, the company sent the Angels ( Tyra Banks , Heidi Klum , Gisele Bündchen , Adriana Lima , and Alessandra Ambrosio ) on an Angels Across America Tour in 2004 to promote the brand through visit to four major cities: New York City, Miami, Las Vegas, and Los Angeles. Victoria's Secret sister brand PINK made its debut on the runway starting in 2006 and
570-640: A 16 percent stake in the company at the New York Stock Exchange (NYSE). Supermodel Stephanie Seymour rang the closing bell at the NYSE as part of the publicity campaign after the event had been promoted by full page adds in the Wall Street Journal . The subsequent three annual shows were also held at the Plaza Hotel. In 1999, during Super Bowl XXXIII , Victoria's Secret announced a 72-hour countdown to
665-511: A bank to establish Victoria's Secret: a store in which men could feel comfortable buying lingerie. The store was named in reference to Queen Victoria and the associated refinement of the Victorian era , while the "secret" was hidden underneath the clothes. Victoria's Secret grossed $ 500,000 in its first year of business ($ 2.34 million in 2023), enough to finance the expansion from a headquarters and warehouse to four new store locations and
760-543: A comeback and was rebranded in 2023 as a Prime Video special titled, "The Tour '23”. The fashion show, at its peak viewership in 2001, had millions tuning in to watch and was known to be a lavish event with elaborate costumed lingerie, music by leading entertainers, and set design with changing themes. With dozens of the world's top fashion models selected to perform in it each year, the fashion show attracted celebrities, entertainers, and regularly featured special performers and acts. American network television broadcast
855-480: A controversial comment that the company does not cast transgender or plus-size models in its annual fashion show "because the show is a fantasy." After a 40% stock plunge in a single year, Victoria's Secret announced the closure of 53 stores in the U.S. in 2019, as well as the relaunch of its swimwear line. L Brands, the parent company of Victoria's Secret, came under public pressure in 2019 from an activist shareholder of Barington Capital Group, L.P., who took issue with
950-533: A featured performer. Unlike the other shows, the runway was designed parallel with the audience seats. In 2009, the fashion show returned to the Lexington Avenue Armory and featured the "Victoria's Secret Model Search", a competition to find a new runway Angel with the winner announced as Kylie Bisutti . The 2010 Victoria's Secret Fashion show aired on November 30, 2010, on CBS, and featured performances by Katy Perry and Akon . A promotional ad featured
1045-455: A greater focus on female customers. Victoria's Secret transformed into a mainstay that sold broadly accepted underwear with "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's Secret catalog continued the practice that Raymond began: listing
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#17328772203511140-527: A marketing device and confidence that sales would not be affected. Broadcast.com Broadcast.com was an Internet radio company founded as AudioNet in September 1995 by Cameron Christopher Jaeb. Todd Wagner and Mark Cuban later led the company's daily operations which was eventually sold to Yahoo! on April 1, 1999, for $ 5.7 billion, making it the most expensive acquisition Yahoo! has made. The service has since been discontinued. The company
1235-632: A maturing American retail market, led to a shift towards expansion, first into Canada. In 2010, the first Canadian store opened in Edmonton, Alberta . In 2012, Victoria's Secret opened stores in Nova Scotia and Quebec . Several of the company's stores in Canada are considered large by retail standards and span more than 10,000 square feet (930 m ) each. As of 2020 , the company's Canadian locations included cities in all ten provinces, from British Columbia all
1330-410: A medley of Work For It , 808 , and Dust My Shoulders Off ), and Leslie Odom Jr. (performed Winter Song). A performance by Katy Perry was canceled due to her visa to travel to China being revoked. A week before the show was due to be filmed, model Gigi Hadid stated that she had been denied access to the show. Russian models were also reportedly denied visas for entry to China. In November 2018,
1425-506: A picture of long-time influential executive Ed Razek's rampant sexual misconduct. The company announced a sale in February 2020 to private equity firm Sycamore Partners for $ 525 million, with L Brands retaining a 45% minority stake. On April 22, 2020, The Wall Street Journal reported that Sycamore Partners wanted out of the deal, which included exceptions for a pandemic. The deal ultimately fell through. Wexner stepped down but maintains
1520-484: A role as chairman emeritus. In June 2020, a shareholder filed a lawsuit against the company for inaction following reports of harassment, discrimination, and retaliation at Victoria's Secret. Shareholders of parent company L Brands filed a complaint in the Court of Chancery of Delaware on January 14, 2021, stating that former chair Wexner, among others, created an "entrenched culture of misogyny , bullying and harassment" and
1615-453: A valued merchandise supplier partner for more than twenty years. Together with Regina Miracle, we aim to grow the China business through joint investment in product development, distribution, and marketing. We expect the partnership will positively impact the speed and agility of the business to benefit consumers and provide us with a platform for a strong future in this important market." Prior to
1710-464: Is chosen among the Angels to wear a bejeweled bra dubbed the "Fantasy Bra". It was first advertised in the Victoria's Secret catalog, but since 2001 has been worn in the fashion shows. Prior to each fashion show, Victoria's Secret contracts a renowned jewelry designer to craft the bra to be used as a focal point for promoting the fashion show and as a centerpiece within it. However, only the centerpiece from
1805-567: The Los Angeles Times reported that Victoria's Secret was stealing market share from department stores; in 1986, Victoria's Secret was the only national chain devoted to lingerie. The New York Times reported that Victoria's Secret swiftly expanded to 100 stores by 1986. and described it in 1987 as a "highly visible leader" that used "unabashedly sexy high-fashion photography to sell middle-priced underwear." In 1990, analysts estimated that sales had quadrupled in four years, making it one of
1900-461: The First Amendment and stating that "sexual or excretory activities or organs in a patently offensive manner as measured by contemporary community standards for the broadcast medium" were not broadcast. In the initial 2001 airing ABC blurred the screen on particularly sheer lingerie. This enabled the show to pass muster with its internal Broadcast Standards and Practices department and to achieve
1995-458: The $ 2 million 2010 Bombshell Fantasy Bra were designed by Damiani . Listed below are the prices per set (including accessories) for the 2007 and 2013 editions, the 2013 bra alone is worth $ 10,000,000. The 2012 Floral Fantasy Bra was accompanied by a $ 500,000 perfume bottle. In 2014, for the first time, two fantasy bras were created. They were worn by Alessandra Ambrosio and Adriana Lima and were valued at $ 2,000,000 each. Since 2003, similar to
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#17328772203512090-492: The 15th Anniversary Swarovski outfit, which came out to a total value of $ 1,000,000. Last Walk In 23 editions (1995–2003; 2005–18; 2024), 14 models have opened the show. In 23 editions (1995–2003; 2005–18; 2024), 17 models have closed the show. Victoria%27s Secret From 1995 through 2018, the Victoria's Secret Fashion Show was a major part of the brand's image, featuring an annual runway spectacle of models promoted by
2185-439: The 1998 Victoria's Secret Fashion Show. A consistent feature of each year's collection, wings were included as a part of some outfits. The idea to feature wings as part of the collection came in the wake of the immense success of the "Angels"-bra line, which was advertised with the models Tyra Banks , Helena Christensen , Karen Mulder , Daniela Pestova , and Stephanie Seymour wearing wings. The same models who were featured in
2280-517: The 1999 fashion show. As of 2018, the fantasy bra has been worn 8 times by a Brazilian model, 5 times by an American model, 4 times by a German model, and 3 times by a Czech model. The $ 15 million price tag for the 2000 bra worn by Gisele Bündchen earned a place in the Guinness World Records as the most expensive item of lingerie ever created. The $ 3 million 2009 Harlequin Fantasy Bra and
2375-424: The 2004 Heavenly "70" Fantasy Bra and the 2012 Floral Fantasy Bra and Gift Set have found a buyer. If not bought, the bras are usually dismantled after a year. Heidi Klum and Adriana Lima have worn the Fantasy Bra in three different years. Gisele Bündchen , Tyra Banks , Karolína Kurková , and Alessandra Ambrosio have each worn two Fantasy Bras. Tyra Banks also wore the 1996 Million Dollar Miracle Bra during
2470-466: The Fantasy Bra, one or more models are chosen to wear the "Swarovski Outfit" and the "Swarovski Wings" every year. The first Swarovski items that were shown on the runway were given to Alessandra Ambrosio . Victoria's Secret had worked with Swarovski for 9 years prior to the Swarovski items worn on the runway in 2011. Alessandra Ambrosio 's Swarovski outfit, worn in 2011, included a 60-pound wing which
2565-501: The IPO, the company was worth $ 1 billion, Mark Cuban was worth $ 300 million, and Todd Wagner was worth $ 170 million. On April 1, 1999, less than nine months after the IPO, Yahoo! announced the acquisition of Broadcast.com for $ 5.7 billion in stock. At the time, Broadcast.com had 570,000 users and the purchase price was $ 10,000 per user. Cuban sold most of his Yahoo! stock that same year, netting over $ 1 billion. Founder Chris Jaeb, whose stake
2660-498: The Internet. The company grew from mainly broadcasting sporting events to broadcasting U.S. presidential nominating conventions and many other events. In 1998, AudioNet was renamed to Broadcast.com and in July 1998, the company became a public company via an initial public offering. The stock price soared 250% on its first day of trading, a record for a newly-issued public stock. After
2755-497: The Loom , Hanes , and Jockey , often sold in packs of three at department stores, while lingerie was reserved for special occasions such as one's honeymoon . Considered niche products, lingerie items (such as lacy thongs and padded push-up bras) were only found in specialty shops like Frederick's of Hollywood , located "alongside feathered boas and provocative pirate costumes". In 1977, Raymond borrowed $ 40,000 from family and $ 40,000 from
2850-567: The UK. By 2016, Victoria's Secret's market share began to decline due to competition from other brands that embraced a wider range of sizes and a growing consumer preference for athleisure . The company canceled the circulation of their catalog in 2016. The brand struggled to maintain its market position following criticism and controversy over the unsavory behavior and business practices of corporate leadership under Wexner and Ed Razek . As of May 2020 , with over 1,070 stores, Victoria's Secret remained
2945-478: The United Kingdom include the cities of Leeds , Manchester , Sheffield , Birmingham , Bristol , Westfield London , Bluewater , Brent Cross and Glasgow . As of June 2020 , there were 25 stores in the United Kingdom. That same month, Retail Dive reported that as the brand's UK arm filed the "equivalent of Chapter 11" bankruptcy, as it struggled with falling sales, profits, and market share. In 2016, it
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3040-505: The United States, mostly in shopping centers, then offering bras, panties, hosiery, cosmetics, and sleepwear. The international expansion of Victoria's Secret stores began in 2008. As of 2016 , L Brands maintained control of operations at company-owned stores in Canada, the UK, and China but relied on franchises elsewhere in the world for its Victoria's Secret Beauty & Accessory (VSBA) locations. The drive for growth, coupled with
3135-809: The Victoria's Secret Fashion Show considered it objectifying , lacking in diversity of body sizes , and repeatedly inclined towards offensive cultural appropriation with its designs. In 2024, Victoria's Secret announced a return of the show by posting an Instagram Reel featuring Tyra Banks. The first fashion show, introduced by Stephanie Seymour , was held at the Plaza Hotel in New York City in August 1995. The show also featured Beverly Peele and Frederique van der Wal . The inaugural show occurred two months before The Limited , parent company of Victoria's Secret owner Intimate Brands, sold an initial public offering of
3230-508: The Victoria's Secret Fashion Show during prime time . The first few shows in the 1990s were held in the days preceding Valentine's Day , linking the brand to the holiday's romantic theme. In 1999 and 2000, the show was webcast . Beginning in 2001, the event was shifted to take place ahead of the Christmas and holiday season . The show made its network television broadcast debut on ABC in 2001, with subsequent years (2002–2017) broadcast on CBS ;
3325-446: The Victoria's Secret Fashion show featured performances by Taylor Swift; Ed Sheeran , Ariana Grande , and Hozier . Swift performed " Blank Space " and " Style ". Ed Sheeran performed " Thinking Out Loud ". Ariana Grande performed " Love Me Harder ", " Bang Bang ", " Break Free ", and " Problem ". Hozier performed " Take Me to Church ". During the show, Ariana Grande was performing and was hit by accident by Elsa Hosk 's wings. In 2015,
3420-402: The annual fashion show featuring its angels, indicating a major change in marketing strategy. In January 2020, L Brands chairman and CEO Lex Wexner was in talks to step down. Reports of widespread bullying and harassment at Victoria's Secret surfaced in February 2020. On February 1, 2020, The New York Times published an exposé on "the culture of misogyny" at Victoria's Secret, which painted
3515-513: The average Victoria's Secret store was 6,000 square feet (560 m ). In 2000, the Los Angeles Times reported that the company continued the practice of putting on "a British air—or what the Ohio-based chain thinks Americans believe is British. Boudoirish . Tony. Upscale." By 2010, there were 1,000 Victoria's Secret lingerie stores and 100 independent Victoria's Secret Beauty Stores in
3610-463: The bestselling catalogs. Victoria's Secret experienced quality problems with their product in the early 1990s and was working to resolve the issues. In 1991, Howard Gross was assigned to fix the L Brands subsidiary Limited Stores. In 1993, Business Week reported that both divisions suffered. Grace Nichols, who worked to improve the product quality, succeeded Gross. The company's margins tightened, resulting in slower growth in profits. With
3705-457: The brand pursued an image that was "much more blatantly sexy." 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, "We need to quit focusing on all that cleavage." In 2000, Turney began to redefine Victoria's Secret catalog from "breasts—spilling over
3800-428: The brand. In October 2021, Pink launched a line of reusable period panties. In 2022, Victoria's Secret & Co. announced they would no longer use cashmere in their product lines. The Victoria's Secret brand is organized into three divisions: 'Victoria's Secret Stores' (physical locations), 'Victoria's Secret Direct' (online and catalog operations), and 'Victoria's Secret Beauty' (bath and cosmetics). The change
3895-572: The broadcast. Performers at VS 2012 include: Rihanna, Justin Bieber, and Bruno Mars. The 2013 Victoria's Secret Fashion Show featured performances by Taylor Swift , A Great Big World , Neon Jungle , and Fall Out Boy . Swift performed " I Knew You Were Trouble ", A Great Big World performed " Say Something ", UK's Neon Jungle made their US television debut with " Trouble ", and Fall Out Boy performed with Taylor Swift in " My Songs Know What You Did In The Dark " and later performed "The Phoenix" . In 2014,
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3990-733: The business for a decade. Victoria's Secret was split into three divisions: Victoria's Secret Lingerie, Victoria's Secret Beauty, and Pink, each with a separate CEO. 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. In late 2018, CEO Jan Singer resigned amid declining sales. The Wall Street Journal reported that only one quarter showed an increase in same-store sales between 2016 and 2018. Singer's announcement came one week after CMO Ed Razek made
4085-500: The campaigns for the "Angel"-bra line, with the exception of Chandra North filling in the spot for Christensen, walked the runway with Angel wings on.. Over the years, the show featured various forms and sizes of wings, such as butterfly, peacock, or devil wings, which have become emblematic of the Victoria's Secret brand. The wings were, at times, ornamental back pieces worn by the models on the runway, with limited resemblance to traditional wings. Some models considered it an honor to wear
4180-446: The catalog. Beginning in 2000, Grace Nichols, CEO of Victoria's Secret Direct, led a similar change at Victoria's Secret's stores—moving away from an evocation of 1800s England (or a Victorian bordello). By 2006, Victoria's Secret's 1,000 stores across the United States accounted for one third of all purchases in the intimate apparel industry. In May 2006, Wexner promoted Turney from the Victoria's Secret catalog and online units to lead
4275-468: The company added the Body by Victoria line. The catalog had achieved "an almost cult-like following". In May 2000, Cynthia Fedus-Fields stepped down as CEO after delivering record profits in 1999 and early 2000. Fedus-Fields later claimed that, up until the time of her departure, the company had acted in accordance with the sensibilities of what a European woman would choose to wear. After her departure in 2000,
4370-489: The company announced that the line would end and be replaced by a new line of activewear. The swim line was relaunched in November 2018. In March 2019, the swim line was made available in shops. In 2010, Victoria's Secret launched the 'Incredible' bra. The company released Victoria's Secret Designer Collection in 2012, described by Vogue as the company's "first high end lingerie line." In 2016, Victoria's Secret confined
4465-558: The company as fantasy Angels. The 1990s saw the company's further expansion throughout shopping malls, along with the introduction of the 'miracle bra', the new brand Body by Victoria , and the development of a line of fragrances and cosmetics. In 2002, Victoria's Secret announced the launch of PINK , a brand that was aimed to teenagers and young women. Starting in 2008, Victoria's Secret expanded internationally, with retail outlets within international airports, franchises in major cities overseas, and company-owned stores throughout Canada and
4560-627: The company permanently closed its 50,000 square feet (4,600 m ) flagship store in Causeway Bay , Hong Kong after only two years of operation. On January 25, 2022, Victoria's Secret announced a Joint venture partnership agreement with Regina Miracle International (Holdings) Limited. Under the terms of the agreement, Victoria's Secret will own 51% of the joint venture and Regina Miracle will own 49%. CEO Martin Waters commented, "I am delighted to announce this partnership with Regina Miracle, who has been
4655-544: The company was planning a "new version" of the fashion show. In July 2023, Victoria's Secret announced that it was producing a documentary with Pulse Films , The Victoria's Secret World Tour , which will premiere September 26, 2023 on Amazon Prime Video . The special is being billed as "part spectacular fashion event, part documentary", and will follow the production of four Victoria's Secret curations in Bogotá, Lagos, London, and Tokyo. A World Tour fashion collection associated will
4750-408: The company's chief of marketing Ed Razek was criticized for comments he made in an interview with Vogue , suggesting that the fashion show did not cast trans women —whom he referred to using the now-rejected term " transsexuals "—because "the show is a fantasy". Razek apologized for the "insensitive" comments, noting that trans women have attempted to audition for the show in the past, but that "it
4845-558: The company's headquarters on catalogs at a fake London address, with the real headquarters in Columbus, Ohio. The stores were redesigned to evoke the Victorian era . The New York Times reported in 1982 that the financial success of the Victoria's Secret catalog influenced other catalogs by presenting lingerie as "romantic and sensual but tasteful", "in which models are photographed in ladylike poses against elegant backgrounds." Howard Gross became president in 1985. In October of that year,
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#17328772203514940-430: The company's marketing—which a retail analyst described as encouraging women to objectify themselves to "impress men". On November 21, 2019, L Brands CFO Stuart Burgdoerfer officially confirmed that the 2019 fashion show had been canceled, citing its declining viewership and lack of immediate "material impact" on Victoria's Secret sales post-broadcast. He re-affirmed that Victoria's Secret was "figuring out how to advance
5035-456: The company. Cuban wanted to listen to the basketball games of his alma mater , Indiana University . Cuban and Wagner worked out a deal whereby Jaeb would keep 10% of the company and would get a monthly salary of $ 2,500 but Cuban would take control of the company. The company was renamed AudioNet.com in September 1995 in conjunction with the reorganization. At first, Cuban picked up signals from KLIF (AM) in his bedroom and then streamed them on
5130-482: The documentary will be offered on Amazon and the Victoria's Secret website. On May 15, 2024, the brand announced via Instagram that the show would return in fall 2024. and on August 28, 2024 the city of New York was announced as the host city of the return of the show and Tyra Banks as the host. Valentina Sampaio and Alex Consani became the first two transgender models to walk in the show, which took place on October 15, 2024. The wings were first introduced in
5225-673: The early years, Wexner himself was involved in carefully orchestrating store interior design through the use of English floral wallpaper circa 1890, gilded fixtures, classical music, soft lighting, the scent of old-fashioned sachet, and elegant perfume bottles that "look like your grandmother's crystal". During the 1990s, in-store sales at Victoria's Secret increased by 30% after the company tracked and applied data analysis of where specific styles, sizes, and colors were selling. The decade also brought an expansion of store size to triple from 1,400 square feet (130 m ) to an average 4,500 square feet (420 m ). The trend continued into 2002, when
5320-456: The elimination of swimwear, apparel, shoes, and accessories. In 2017, the company began to put more emphasis on bralettes (bras without underwire, often intended to be worn visibly) and sports bras (under the Victoria Sport label) to appeal to a younger customer base. In 2019, Victoria's Secret relaunched its product line of eyewear and footwear, in hopes of boosting struggling sales for
5415-552: The emergence of e-commerce, the company's catalogs were a key aspect of successfully marketing a product considered risqué to consumers in the privacy of their own homes. According to Joseph Sugarman, the 1979 catalog was "a lot more sensuous" and took the form of "an upmarket version of a Frederick's of Hollywood lingerie catalog." The New York Times reported that the success of Victoria's Secret catalogs influenced others to present lingerie as "romantic and sensual but tasteful" with models photographed in elegant settings. The company
5510-408: The event returned to ABC for the final 2018 edition. The event was frequently held in New York City at the Plaza Hotel or the 69th Regiment Armory , in addition to special host cities including Miami , Los Angeles , Cannes , Paris , London , and Shanghai . Cancellation, officially announced in November 2019 amid declining ratings and sales and growing criticism of Razek, was influenced by both
5605-418: The fastest growing mail-order businesses. Sales and profits from the catalog continued to expand due to the addition of clothing, swimwear and shoes and wider circulation. Cynthia Fedus-Fields oversaw the company's direct business, including its catalog, from the mid-1980s until 2000. During her tenure, total revenues increased to nearly $ 1 billion. In 1987, Victoria's Secret was reported to be among
5700-408: The introduction of their own line of fragrances in 1991 and their entry into the billion-dollar cosmetics market in 1998, Victoria's Secret expanded beyond apparel in the 1990s. Victoria's Secret introduced the 'Miracle Bra' in 1993, selling two million within the first year. When faced with competition from Sara Lee 's WonderBra a year later, in 1994, the company responded with a TV campaign. At
5795-550: The largest lingerie retailer in the United States. Victoria's Secret was founded by Roy Raymond , and his wife, Gaye Raymond, on June 12, 1977. The first store was opened in the Stanford Shopping Center in Palo Alto, California. Years earlier, Raymond was embarrassed when purchasing lingerie for his wife at a department store. Newsweek reported Roy Raymond stating: "When I tried to buy lingerie for my wife, I
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#17328772203515890-450: The performance of Razek and urged the company to update its brand image and switch up its predominantly male board of directors. In August 2019, chief marketing officer Ed Razek resigned following a disastrous Vogue interview in which he made inflammatory statements about transgender models. Also in 2019, executive vice president April Holy stepped down after 16 years. In November 2019, Victoria's Secret announced it would no longer hold
5985-571: The positioning of the brand and best communicate that to customers". The New York Times reported that the company was seeking to distance itself from the controversy following fallout from the Jeffrey Epstein sexual abuse scandal and Wexner's ties to Epstein. The last official broadcast of the Victoria's Secret Fashion Show was in December 2018. On March 5, 2023, Victoria's Secret chief financial officer Tim Johnson stated during an earnings call that
6080-697: The program's timeslot and parental ratings, some affiliates have chosen not to air the program, including Fisher Communications ' CBS stations in Boise and Idaho Falls , Idaho, in the past. In 2009, the American Decency Association organized email letters of protests to sponsors of the show including AT&T , Kentucky Fried Chicken , Netflix , Nikon , and Reebok . CBS described the event as "the Super Bowl of fashion" in 2014. airing: December 2, 2018 re-aired: December 7, 2018 Typically, one model
6175-478: The reckoning of the Me Too movement , fourth-wave feminism , and the association of L Brands ' CEO Les Wexner with sex offender Jeffrey Epstein . Due to the immense amount of criticism, Victoria's Secret Fashion Show reconsidered its marketing strategy, which ultimately contributed to the end of the runway shows. The brand's focus changed to digital-platform marketing with the aim of restoring its reputation. Critics of
6270-520: The sale of the company by Wexner, Victoria's Secret's new ownership and management implemented policy changes and new partnerships with a number of new spokeswomen, including Megan Rapinoe , Priyanka Chopra Jonas , and Naomi Osaka . Wexner's parent company, L Brands spun Victoria's Secret off to become an independent business (trading on the NYSE as VSCO) on August 3, 2021. Following this brand positioning, Victoria's Secret reported sales increase in all three completed quarters of 2021. Martin Waters
6365-468: The same time, in 1994, Wexner discussed the creation of a company fashion event with Ed Razek . The first Victoria's Secret Fashion Show , held in 1995 in New York, became a mainstay for the company's image for the next 23 years. By 1998, Victoria's Secret's market share of the intimate apparel market was 14 percent and the company also entered the $ 3.5 billion cosmetic market. The following year, in 1999,
6460-588: The show featured performances by The Weeknd , Selena Gomez , and Ellie Goulding . The Weeknd performed " In the Night " and " Can't Feel My Face " for the show, while Gomez performed a medley of " Hands to Myself " and " Me & My Girls " for the PINK segment. Goulding was contracted as a replacement for Rihanna , who had canceled her appearance just one week before the show in order to focus on recording her album Anti . Goulding performed " Army " and " Love Me Like You Do " for
6555-653: The show was broadcast live on the internet. The May 2000 fashion show, held in France in sync with the Cannes Film Festival , was made with production help from Harvey Weinstein . The event raised $ 3.5 million for the Cinema Against AIDS charity. The 2001 show, hosted by Rupert Everett , returned to New York City and was held at Bryant Park in the Valhalla structure, designed by Rudi Enos. All proceeds went towards
6650-537: The show with his song "Sexy Back". This fashion show included the final walk of Gisele Bündchen . The 2007 show featured a performance by the Spice Girls , the first American TV debut of the band's comeback. After Kanye West canceled his appearance, will.i.am was called to perform in his place. The 2008 show coincided with the grand re-opening of the Fontainebleau Miami Beach hotel and had Usher as
6745-850: The show's location. A major challenge faced with the show was the size of the building and how the show could be showcased on a small TV, as well as the natural lighting in the building, which would get in the way of the tradition of the show being held at night. The 2017 show was held in Shanghai , China and was the first Victoria's Secret Fashion Show to be held in Asia. The show featured the first-ever segment in collaboration with another brand, French fashion house Balmain . The theme and designs were co-steered by Victoria's Secret and Balmain creative director Olivier Rousteing . Performers included Harry Styles (performed Kiwi and Only Angel ), Miguel (performed Pineapple Skies and Told You So ), Jane Zhang (performed
6840-542: The show. In 2016, the Victoria's Secret Fashion show featured performances by The Weeknd (performed " Starboy "), Lady Gaga (performed " Million Reasons ", plus a medley of " A-Yo " and " John Wayne "), and Bruno Mars (performed " Chunky " for the Pink brand and " 24k Magic " for the VS brand). The executive producer of Victoria's Secret, Ed Razek , chose Grand Palais in Paris, France, as
6935-472: The store without making a purchase. Instead, he was determined to realize his new idea – to open a lingerie store with an atmosphere and environment where even men would feel comfortable shopping. " Raymond reportedly spent the next eight years studying the lingerie market. At the time when the Raymond's founded Victoria's Secret, the undergarments market in the U.S. was dominated by pragmatic items from Fruit of
7030-484: The support of his father Tom, Jaeb incorporated. Jaeb then began soliciting the rights to broadcast radio and professional sports games live on the Internet, making 80–100 calls per day. In 1994, through a class that his girlfriend was taking, Jaeb was introduced to Todd Wagner, an attorney at Akin Gump Strauss Hauer & Feld . Wagner introduced Jaeb to Mark Cuban , who invested $ 10,000 in exchange for 2% of
7125-427: 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
7220-658: The victims of the September 11 attacks . That year, the show made its broadcast debut on ABC , drawing millions of viewers as well as some controversy; the Federal Communications Commission received many complaints about the broadcast. From 2002 through 2005, it was held at the Lexington Avenue Armory in New York City. The 2004 show was canceled due to fallout from the Super Bowl halftime show controversy , an event known for accidental indecency with
7315-635: The way to the Maritimes . However, the company announced in May 2020 plans to permanently shutter 13 of its 38 Canadian stores, representing a loss of one-third of the Canadian fleet. Victoria's Secret opened a store at the Westfield Shopping Centre , Stratford, London in July 2012. Their flagship 40,386-square-foot- (3,752.0 m ) store on New Bond Street , London followed in August 2012. Locations in
7410-500: The webcast of their fashion show, which resulted in over 2 million viewers. Parent company Intimate Brands bought a $ 1.5 million, 30-second television advertisement during the Super Bowl broadcast and spent an additional $ 4 million on international newspaper publicity. The event, hosted by Broadcast.com , featured Tyra Banks , Laetitia Casta , Heidi Klum , Karen Mulder , Daniela Peštová , Inés Rivero , and Seymour. In 1999 and 2000,
7505-417: The whole company. In 2008, she acknowledged "product quality that doesn't equal the brand's hype." In September 2006, Victoria's Secret reportedly tried to make their catalog feel more like magazines by head-hunting writers from Women's Wear Daily . The company had about a third of the market share in its category in 2013. In February 2016, Turney stepped down as CEO of Victoria's Secret after being in
7600-435: The wings. Adriana Lima has worn the most winged costumes in the history of the show. With her count of 24 sets of wings, she is followed by Candice Swanepoel who has worn 20 pair of wings. The early webcasts were criticized for poor connection, and users that could connect were subjected to low video quality. One critic from The New York Times described the initial 20th-century webcast experience as having felt like he
7695-466: Was "watching a striptease through a keyhole". Some critics have described the 21st-century televised editions of the show as pornographic, while others have described it as both "outright commercialism" and indistinguishable from an infomercial . The Federal Communications Commission has received complaints regarding the broadcast, but no fines have been imposed, with the FCC, following the 2001 airing, citing
7790-459: Was a minor player in the underwear market at this time, with the business described as "more burlesque than Main Street." In 1982, Victoria's Secret had grown to five stores, a 40-page catalog, and was grossing $ 6 million annually. Raymond sold the company to Les Wexner, creator of Limited Stores Inc of Columbus, Ohio, for $ 1 million. In 1983, Wexner revamped Victoria's Secret's sales model towards
7885-408: Was aware of abuses being committed by accused sex trafficker Jeffrey Epstein , which breached his fiduciary duty to the company, causing devaluation of the brand. The complaint also names Wexner's wife, Abigail, current chair, Sarah E. Nash, and former marketing officer, Ed Razek , whose "widely known misconduct" was long allowed at the company. In 2021, after the resignation of Razek as well as
7980-434: 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." Roy also Stated "The women's lingerie section was extremely uncomfortable for a man. He wandered the aisles for a long time, feeling awkward, and the saleswomen couldn't help him because their work was exclusively focused on serving women. Raymond left
8075-412: Was founded in 1989 as Cameron Audio Networks, named after its founder Cameron Christopher Jaeb, who received an initial investment from his father. Jaeb wanted a method for people to be able to listen to out-of-town sports games. The original idea, a shortwave radio that would receive broadcasts inside a sports venue, morphed into a handheld device that would receive customized satellite broadcasts. With
8170-467: Was known for accepting phone orders at any hour, which helped it establish dominance in the lingerie market. The Los Angeles Times described the catalog in 2000 as having achieved "an almost cult-like following." The company was mailing more than 400 million catalogs annually in 2010. In May 2016, the brand decided to discontinue the catalog, which had run at a cost of $ 125 million to $ 150 million annually, due to concern that catalogs had grown stale as
8265-431: Was made after the initial sales increase from the rebranding turned into plunging sales. In addition to the primary brand of lingerie for Victoria's Secret, the company has secondary product lines: namely, activewear known as Victoria sports, swimwear, and a beauty division with fragrances, make-up, accessories, and other bath and body products. The swimwear, introduced in 2002, was made available until April 2016, when
8360-447: Was made in 2016 by Wexner to "refocus on core business" and it required each division to have its own CEO. The physical store locations were an important part of establishing the brand and remained concentrated in the United States from 1977 until the early 2000s. Victoria's Secret stores took over the lingerie market during the 1980s by using a fabricated sense of Britain, featuring this romantic styling and soft classical music. In
8455-411: Was made out of 105,000 Swarovski crystals. The base of her wing was made out of 23-carat gold. Cameron Russell was given the "10th Anniversary" Swarovski outfit, worn in 2012, celebrating Victoria's Secret's 10th year working with Swarovski. The 2013 Swarovski outfit was a 3D printed piece given to Lindsay Ellingson , which included mini-micro Swarovski crystals. In 2017, Elsa Hosk was chosen to wear
8550-573: Was named CEO in 2021, replacing Stuart Burgdorfer, who had served as interim CEO. In July 2022, Victoria's Secret named Amy Hauk chief executive of both the Victoria's Secret and Pink brands. In November 2022, it was announced that Victoria's Secret had acquired the New York -headquartered lingerie brand, Adore Me for US$ 400 million. In October 2023, several media outlets reported about Victoria's Secret's planning on reverting their rebranding and going back to their marketing strategy before. The decision
8645-448: Was never about gender. I admire and respect their journey to embrace who they really are." Razek also faced criticism for similar comments regarding plus-size models , stating they had not attempted to do a show for them since 2000 since there was no viewer interest. Criticism of Razek for anachronistic and misogynistic business practices intensified, from both inside and outside the company, and he resigned in August 2019. In May 2019, it
8740-705: Was regularly featured in a segment of the fashion show each year afterward. In 2006 and 2007, the Victoria's Secret fashion shows were held at the Kodak Theatre in Los Angeles. On November 13, 2007, the company's Angels were honored with a star on the Hollywood Walk of Fame outside the Kodak Theatre as part of a celebration to mark Victoria's Secret's 25th anniversary on Hollywood Boulevard . Justin Timberlake opened
8835-422: Was reminiscent of Native American attire, sparked controversy due to its alleged stereotypical depiction of Native Americans, which amounted to cultural appropriation . Victoria's Secret released a statement of apology shortly after, saying that they will remove it from future advertisements and the broadcast. Kloss apologized on her Twitter account for the outfit and expressed her support for the outfit's removal in
8930-491: Was reported that L Brands CEO Les Wexner had issued a memo questioning the future of the show, stating that network television was no longer the "right fit", and that the company planned to focus on "developing exciting and dynamic content and a new kind of event." Viewership of the show had fallen from 9.2 million viewers in 2014 to 3.2 million in 2018. Victoria's Secret had also been experiencing an overall decline due to increasing competition, as well as changing perceptions to
9025-517: Was reported that L Brands fully purchased 26 stores back from its franchise partners in China. The company announced plans to expand on the existing 26 Victoria's Secret Beauty & Accessory (VSBA) stores (boutiques which sold beauty products in airports or malls), through the addition of flagship stores in Shanghai and Beijing . Reuters reported that, as of June 2020 , Victoria's Secret had two dozen stores in Greater China. That same month,
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