Elon's New Device Could Launch Biggest IPO of the Decade

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Victoria's Secret overhauls its racy fashion catwalk in its latest moves to be more inclusive

By ANNE D'INNOCENZIO
September 07, 2023

NEW YORK (AP) -- For more than 20 years, Victoria's Secret had bolstered its image built on a man's vision of sexiness with one big annual event: its fashion catwalk extravaganza, with supermodels like Naomi Campbell sashaying down the runway in Swarovski-crystal covered wings, thongs and million dollar fantasy bras.

Now, after a four-year hiatus, the lingerie brand came back Wednesday night with a complete overhaul that was part fashion event and part preview of a documentary-style film featuring 20 global creatives. It celebrated all different body shapes -- girth and all.

Top models like Winnie Harlow, who has vitiligo, a skin condition, showed up in some of the designs. The event also showcased the creators' looks on headless mannequins of all body types.

The Victoria's Secret World Tour, to be aired globally on Amazon Prime Video on Sept. 26, marks the company's biggest marketing investment in the past five years and its latest efforts to reverse its supercharged sexy image that left it irrelevant to many women, leading to several years of sales declines.

Those efforts include revamping its marketing to highlight fuller-figure women in ads and store mannequins, and expanding into mastectomy bras and comfy sports bras. It's also refreshening its stores with brighter lights and blush pink walls. And it replaced its supermodel "Angels" with a group of 10 diverse women who have advised the brand and promoted it on social media.

"My motive to be here is that I have girls," said Brazilian supermodel Adriana Lima, a long-time Victoria's Secret Angel, on the red carpet. "Some of my girls want to be models so I feel that in this day, Victoria's Secret and other brands are embracing and celebrating women in their different stages. So that's a beautiful thing."

Campbell told The Associated Press that there are many girls who want to work and create for Victoria's Secret, "and now they will have the chance to."

But Victoria's Secret faces an uphill battle, some experts say.

While the brand is still the largest lingerie label by sales in the U.S., its market share has eroded to 18.7% last year from 31.2% in 2017, hurt by smaller rivals like American Eagle's Aerie and other online startups that were inclusive from the get-go and offered more comfort, according to market researcher Euromonitor International.

Last year, Victoria's Secret bought online rival Adore me for $400 million in cash but the Reynoldsburg, Ohio-based company still delivered another quarter of sales drops for the period ended July 29. And it forecasts sales will continue to fall for the rest of the year.

Victoria's Secret CEO Martin Waters told analysts last week that turning around the business will take some time.

"We recognize that neither our brand revolution nor our strategy will return the full potential overnight," Waters said. "We're on a journey. We also believe that there is a clear path to growth through the current turbulent environment and into the future."

It wasn't so long ago Victoria's Secret had a long unparalleled run of success.

The brand was founded by the late Roy Larson Raymond in the late 1970s after he felt embarrassed about purchasing lingerie for his wife. Lex Wexner, the founder of the Limited Stores Inc. that was rebranded as L Brands in 2013, purchased Victoria's Secret in 1982 and turned it into a powerful retail force. By the mid-1990s, Victoria's Secret lit up runways and the internet with its supermodels.

But Victoria's Secret's sales started to tumble in 2017 when the #MeToo movement began, emboldening women to look for brands that focused on positive reinforcement of their bodies. In 2019, Victoria's Secret's long time marketing chief Edward Razek resigned. That same year, the company said it would rethink its fashion show.

Wexner -- who apologized in 2019 for his ties with the late financier Jeffrey Epstein, indicted on sex-trafficking charges -- stepped down in 2020 as CEO and chairman of L Brands and then severed his final ties by exiting the board a year later. In 2021, Victoria's Secret split off from L Brands as its own separate public company.

"They had a very clear story," said Allen Adamson, co-founder of marketing consultancy Metaforce. "Unfortunately, the story became toxic."

Last year, singer Jax came out with a song titled "Victoria's Secret," in which she criticized the brand in her lyrics: "I know Victoria's secret and, girl, you wouldn't believe. She's an old man who lives in Ohio making money off of girls like me."

Adamson said Victoria's Secret is now pushing the same message as everyone else about diverse body types and comfort. But it isn't standing out.

Sierra Mariela, a 20-year-old sophomore at University of Pennsylvania, hasn't stepped into a Victoria's Secret store in at least five years because she was turned off by the messaging. Instead, she has been going to Target or Depop, a privately-held marketplace for used clothing, for her lingerie needs.

"I grew up as someone who's not stereotypically thin, and I just felt like the environment created was for a very specific type of person," she said. "I just felt more connected with other brands."

Waters noted on last week's investor call that Wednesday's fashion event offers the brand an opportunity "to reclaim its position at the center of cultural relevance, whether that's fashion, art, music or popular culture."

It reflects the company's mission: "to uplift and champion women -- on a global scale."

The event, headlined by a performance by Doja Cat, showed snippets of the feature length film that includes runway shows of both the creators' looks and a couture collection designed by the company's design team. The company is offering 13 designs inspired by the couture items --silky robes, lacey pants and bustier bras -- for sale in late September. The film features many of the original show's famous models like Campbell, Lima and Gigi Hadad, but also includes many fuller-size models like Paloma Elsesser that the brand has been working with for a few years.

Melissa Valdes Duque, a 24-year-old designer from Bogota, Columbia featured in the film, created crocheted looks that symbolize women's physical and emotional scars. She acknowledged the brand had upheld certain unrealistic standards.

"There were certain standards about bodies and beauty that we all follow," she said. "But brands and people... we all grow up."

__

AP Entertainment TV producer John Carucci in New York contributed to this report.

______

Follow Anne D'Innocenzio: http://twitter.com/ADInnocenzio

Continue Reading...

Popular

Dave Ramsey Doesn't Mess Around With Bitcoin Or Gold, Says 'I Have Three Investments' — Here's What They Are

Personal finance expert Dave Ramsey has long dismissed crypto, gold and single-stock investing, calling them risky distractions — but new research shows that his disciplined mutual fund approach may have cost him market-beating returns.

Domino's Growth Outlook Intact Despite Softer Q4 Trends, Analysts Say

Domino's Pizza Inc. (NYSE: DPZ) exceeded expectations and maintained 2025 guidance. TD Cowen and BTIG maintain Buy ratings.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after October 23rd, it may be too late.

Tim Cook To Depart, Steve Jobs' Lesson For Guy Kawasaki And More: This Week In Appleverse

From executive shake-ups at Apple to TSMC's revenue surge and Goldman's take on the AI boom, here are the top Apple stories.

Apple iPhone 17 Pro, Pro Max Ship Times Stay Stable Globally: Analyst

Apple's iPhone 17 Pro and Pro Max maintain stable lead times globally, while the iPhone Air is widely available. Analyst maintains Buy rating with $270 price target.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Arrest Made In Threat Against Benny Johnson; Bondi Vows Crackdown On Political Violence

Arrest made over death threat to Benny Johnson as AG Pam Bondi vows a broader crackdown on political violence amid tensions over Antifa and partisan rhetoric.

Judge temporarily blocks the Trump administration from firing workers during the government shutdown

SAN FRANCISCO (AP) — President Donald Trump’s administration for now must stop firing workers during , a federal judge ordered on Wednesday.

Nvidia CEO Makes First Ever Tesla Announcement - Ad

While Tesla's car sales slump, Nvidia's CEO says Tesla could lead a multi-trillion-dollar AI revolution. He's backing what's being called "Manifested AI" - a 25,000% growth market. And one tiny stock, 168x smaller than Nvidia, could be your way in before the world catches on.

Mark Cuban Shares His Top Strategies for Protecting Wealth After Hitting Millionaire Status

Mark Cuban once disclosed his strategies for preserving wealth after becoming a millionaire. These insights could be beneficial for anyone aiming to secure their financial future.

Slovak leader announces a deal with US on a new nuclear reactor

BRATISLAVA, Slovakia (AP) — Slovakia’s populist Prime Minister Robert Fico said Tuesday his government has approved an agreement with the United States to build an additional nuclear reactor.

[Revealed] Trump's Next AI Executive Orders? - Ad

A White House insider with direct ties to Trump's inner circle just revealed what he calls "Manhattan II" - a potential $2.2 trillion AI initiative set to launch as soon as Oct 15. He says this could mirror past U.S. projects that minted fortunes - with small firms soaring 5,000% to 10,000% over two decades. And now he's giving away his #1 stock pick for free before the deadline.

US takes a minority stake company operating one of world's largest lithium mines in Nevada

The U.S. government is taking a minority stake in Lithium Americas, a company that is developing one of the world’s in northern Nevada.

Trump approves Alaska mining road to boost copper, zinc production

WASHINGTON (AP) — President Donald Trump on Monday ordered approval of a proposed 211-mile road through an Alaska wilderness to allow mining of copper, cobalt, gold and other minerals.

Why Are Wall Street Insiders Moving Their Money to This One Asset? - Ad

Something far more consequential for your money than tariffs is unfolding behind the scenes... Tucked inside this overlooked directive is a plan set to be executed for the first time in in U.S. history. One Stansberry Research's Senior Partner says it's set to trigger a rare window for potentially explosive gains in ONE asset immediately. (Not AI or crypto). Wall Street insiders are already positioning themselves... and he insists you should, too, before it's too late.

ASP Isotopes Stock Tumbles After Company Announces Public Offering

ASP Isotopes Inc (NASDAQ:ASPI) shares are trading lower on Wednesday after the company announced the pricing of an underwritten public offering.

Trump's Radical Plans for the Dollar - Ad

The Fed just slashed rates... yet mortgages have already soared higher. Meanwhile, Trump has his own plan for the dollar - a radical upgrade to our currency, already moving more money than Visa and Mastercard combined. Tech investor Eric Wade calls it the "Smart Dollar."

We've Seen This Before... and It Didn't End Well - Ad

Strange events are unfolding in the global financial system. A monetary reset dubbed the "Mar-a-Lago Accord" is quietly in motion, and the financial elite are already taking protective action. If history is any guide, you could lose up to 40% of your wealth in the next two years. Move your money before it's too late.

Nebius Vs. Palantir: The AI Infrastructure War At 100x Sales

Wall Street's AI mania has sparked a battle between Nebius (NBIS) and Palantir (PLTR) as investors question where the true value of AI lies.

October 16: D-Day For The Dollar - Ad

A quiet shift in U.S. law has just authorized private companies to mint a new form of government-authorized money called the "Dollar 2.0"... and the next major mint hits on October 16. Investors who make the right moves before then could make up to 40X by 2032...

Datavault AI Shares Jump 23% After Hours As Company Secures $150 Million Bitcoin Investment To Build Supercomputer

Datavault AI Inc. (NASDAQ: DVLT) shares ripped higher in Thursday's after-hours trading after securing $150 million investment in Bitcoin (CRYPTO: BTC) to build a supercomputer. 

Elon's $25 Trillion Confession - Ad

Elon Musk: "Tesla will become a $25 trillion company." That would make Tesla 8x bigger than Apple today. How is that possible? He admits it's all thanks to this one AI breakthrough that will take AI out of our computer screens and manifest a 250x boom here in the real world.

CCDOG Themed On 'Courage The Cowardly Dog' Explodes 86% After Joining 'Forces' With Shiba Inu

A memecoin based on the iconic “Courage the Cowardly Dog” cartoon figure soared Wednesday after being promoted by the Shiba Inu (CRYPTO: SHIB) ecosystem.

Alibaba Opens Second Dubai Data Center To Boost AI Adoption

Alibaba Group (NYSE: BABA) rebounds in premarket on AI push, expanding into Middle East market with new data center and targeted discounts.

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

NIO Stock Soars Past 52-Week High After Record Deliveries

NIO stock rises on strong September and Q3 deliveries, reaching record numbers and surpassing 52-week high.

SWIFT Taps Ethereum Layer-2 Chain Linea, Bitcoin's Fall, Mark Cuban's Bitcoin ETF Observation And More: This Week In Crypto

It’s been quite a week in the world of cryptocurrency. From SWIFT’s decision to use Ethereum’s Layer-2 blockchain for stablecoin testing to Bitcoin’s price drop, here’s a quick recap of the top stories from the weekend.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after October 23rd, it may be too late.

EPAM Joins Oracle To Boost AI And Cloud For Businesses

EPAM deepens partnership with Oracle to help companies in various sectors adopt OCI and AI services, leveraging their expertise.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Rocket Lab Stock Soars On Successful Launch Of Next Synspective Satellite

Rocket Lab shares gained after a successful ‘Owl New World' mission for Synspective, marking its 15th 2025 launch.

Nvidia CEO Makes First Ever Tesla Announcement - Ad

While Tesla's car sales slump, Nvidia's CEO says Tesla could lead a multi-trillion-dollar AI revolution. He's backing what's being called "Manifested AI" - a 25,000% growth market. And one tiny stock, 168x smaller than Nvidia, could be your way in before the world catches on.

Hungary's Orbán tells Trump that dropping Russian energy would bring economy 'to its knees'

BUDAPEST, Hungary (AP) — Hungarian Prime Minister Viktor Orbán said Friday that Hungary will continue to source fossil fuels from Russia despite demands from his ally U.S. President Donald Trump, and that he'd informed the president that dropping Russian energy would be a “disaster” for Hungary's economy.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service