While shapewear might seem like a deviation from the, Sales at Victorias Secret, which is owned by parent company, In fact, the company has employed a number of tactics to win back shoppers in the last year. 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Heres How 5 Fashion and Beauty Brands Owned by People of Color Are Dealing WithInflation. Its impressive, Adidas Collaborates With Thebe Magugu on Inclusive SportswearRange, JLo Turns Up the Heat in Capri Performing at LuisaViaRoma for UNICEFGala, Pradas Latest Timecapsule NFT Comes With Chance to Attend a RunwayShow, Onia Heads to The Standard Hotel for SwimwearCollab, Delta Galil Acquires Apparel Brand Organic Basics for UndisclosedAmount, Athleta and Simone Biles Unveil Back-to-school Athleta GirlCollection, Front Row at Saint Laurent Mens Spring2023, Pusha T, Futura, and More Attend the KENZO By Nigo LaunchParty, was also a disappointment at Victorias Secret. In fact, the company has employed a number of tactics to win back shoppers in the last year. 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Sales for the nine-week period ending Jan. 4 fell to $3.9 billion, compared with more than $4 billion the same time last year. Video: Do These Outrageous Celebrity Fashion Looks Hold Up? If executed correctly, Victorias Secrets shapewear offering might be a win for both the brand and the shapewear industry, drawing more eyes to both. While Spanx has long been the market share leader, a number of other players new and existing are squeezing into the space. Sales for the nine-week period ending Jan. 4 fell to $3.9 billion, compared with more than $4 billion the same time last year. Its impressive retail fleet 1,143 locations also makes it the go-to location for many shoppers. U.S. sales of womens shapewear grew 2 percent in the 12 months ending in November. The recent holiday season a period many retailers consider crucial was also a disappointment at Victorias Secret. But none of these have produced the desired effects. Names like Yummie, Smart & Sexy, HanesBrands Bali and Maidenform brands, Soma, Skinnygirl by Bethenny Frankel and Kim Kardashian Wests Skims Solutionwear, among others. Then there are brands like ThirdLove and La Perla that have hinted at plans to either enter the category or expand their current assortments. Get all the top news stories and alerts straight to your inbox. Sales at Victorias Secret, which is owned by parent company L Brands, have been on the decline since 2017 as consumers shift toward intimates brands that promote inclusivity and comfort. The list includes re-entering the. The soft launch is intended as a test. But it doesnt seem to be happening fast enough. U.S. sales of womens shapewear grew 2 percent to $529 million in the 12 months ending in November, according to NPDs Consumer Tracking service. L Brands stock is down, too more than 25 percent year-over-year. That is happening. 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Depending on consumers reaction to the category, the product may be available in some stores at a later date. The lingerie giants latest comeback strategy includes a new selection of shapewear. The list includes re-entering the swimwear category, hiring its first transgender model, then plus-size model and working with outside brands on collaborations. 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Even so, Victorias Secret is still the market share leader in the intimates industry, both in the U.S. and globally. The lingerie giants comeback plans continue. Anything new with an opportunity to reshape the market is going to work. Shapewear is one of those categories that you kind of need to be reminded of every once in a while that theres something new and exciting in the market, said Marshal Cohen, chief industry analyst at the NPD Group. Even so, Victorias Secret is still the market share leader in the intimates industry, both in the U.S. and globally. Meanwhile, shapewear is having a growth story of its own. WWD and Women's Wear Daily are part of Penske Media Corporation. Kim Kardashian Wests Skims Solutionwear, Megan Foxs Best Fashion Moments Over the Years, WWD Report Card: Selena Gomezs Fashion Evolution, The Biggest Fashion Collaborations of 2022 So Far, LAUNCH PAD: First Look at the New J. Its all about being exciting and innovating., Victorias Secret Disappoints During Holidays, The Victorias Secret Fashion Show Is Officially Canceled, In Need of a New Look, Victorias Secret Is Rethinking Its Image, WATCH: The Spring 2020 It Bags You Need to Know, Sign up for WWD news straight to your inbox every day. U.S. sales of womens shapewear grew 2 percent to $529 million in the 12 months ending in November, according to NPDs Consumer Tracking service. Meanwhile, shapewear is having a growth story of its own. Video: Can Fashion Influencers Be Sustainable? Last quarter, executives said they were hard at work repositioning the brand.
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