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Essay On Victoria Secret

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in 2000, Wexner hired Sharen Jester Turney from the Neiman Marcus Group as Chief Executive Director of VS. Turney focused on the catalog sales and realign its designs from the "hooker's look" to a more fashionable and comfortable one akin to the vogue lifestyle layout. In the same year, CEO Grace Nichols redesigned the stores from stores that depict 1800s England to a more modern sense of design. Grace Nichols of Victoria’s Secret also redesigned the store from an old 1800s England style to a modern sense design.

Until 2006, VS had 1000 stores in the US and captured one third of all intimate apparel purchases. In September of this year, with the help of the head-hunting writers from women's wear daily, VS transformed it's brand's catalog …show more content…

As a retail brand, this percentage is a magnificent feat in the lingerie market. No retail brand has been able to compete with Victoria’s Secret.

i. Marketing Mix
As Victoria’s Secret has a strong brand image in luxury and being fashionable. Its prices are higher than any other competitors. They need their finances to guarantee their product quality but it doesn't necessarily mean their price is expensive. In fact, a Victoria’s Secret piece would normally be around 40$. This proves affordable for the middle class.

Victoria’s Secret has stores worldwide. In north America, the number of stores has been consistently growing from 1054 in 2012 to 1164 in 2016. It had 1094 stores in 2013 and 1139 in 2014. 46 of these stores are located in Canada, Europe has 17 lingerie stores, 2 stores of Victoria’s Secret 's Pink, 83 stores for Victoria’s Secret Beauty accessories, 7 stores for bath & Body. But France only has 1 store of Victoria’s Secret beauty & accessories which is located in the Orly airport.

Victoria’s Secret has a variety of products. They have panties, bras, sleepwear, swim wear, sportswear, clothing, shoes and beauty products. Some of its more famous sub brands are Pink, angels by Victoria’s Secret, Very sexy and

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