REYNOLDSBURG

Victoria’s Secret & PINK Announce Pilot of New Loyalty Program, the VS & PINK Collective

Retrieved on: 
Friday, February 24, 2023
VSCO, Feedback, PINK, NYSE, Heart, Marketing, Credit card, VS, VIP, EVP, Secrecy, VH1: All Access, Fashion design, Retail, Online shopping

REYNOLDSBURG, Ohio, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (NYSE: VSCO) today announced it will pilot “The VS & PINK Collective,” its new loyalty program for Victoria’s Secret and PINK customers.

Key Points: 
  • REYNOLDSBURG, Ohio, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (NYSE: VSCO) today announced it will pilot “The VS & PINK Collective,” its new loyalty program for Victoria’s Secret and PINK customers.
  • The VS & PINK Collective will offer customers a community platform that encourages peer-to-peer interaction through two unique features: spaces & styles.
  • PINK Nation will sunset in February 2023 as the brand introduces a new PINK app and a more cohesive loyalty program.
  • For more information about The VS & PINK Collective, including full terms and conditions, please visit: https://www.victoriassecret.com/us/the-collective .

Newsweek Names Victoria’s Secret & Co. One of America’s Greatest Workplaces for Diversity 2023

Retrieved on: 
Friday, February 17, 2023
Woman, Attention, VS, VSCO, Newsweek, NYSE, Workplace, Diversity, Workforce, Culture, Heart, Creative industries, Nursing

REYNOLDSBURG, Ohio, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (NYSE: VSCO) today announced that it was named one of America’s Greatest Workplaces for Diversity in 2023 by Newsweek.

Key Points: 
  • REYNOLDSBURG, Ohio, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (NYSE: VSCO) today announced that it was named one of America’s Greatest Workplaces for Diversity in 2023 by Newsweek.
  • The list honors companies that foster an inclusive workplace, valuing and respecting diverse talent within their organization.
  • “VS&Co is committed to embedding diversity, equity and inclusion into every part of our business and fostering an inclusive workforce for our more than 30,000 associates.
  • For more information about how VS&Co champions diversity, equity and inclusion visit their corporate website .

Victoria’s Secret & Co. Invites You to Listen to the Fourth Quarter 2022 Earnings Call Webcast

Retrieved on: 
Thursday, February 9, 2023
NYSE, VSCO, Video game

REYNOLDSBURG, Ohio, Feb. 09, 2023 (GLOBE NEWSWIRE) -- In conjunction with the Victoria’s Secret & Co. (NYSE:VSCO) fourth quarter and full fiscal year 2022 earnings release, which will cross the wire after market close on Thursday, March 2, you are invited to listen to a live webcast of the conference call on Friday, March 3 at 8:00 a.m.

Key Points: 
  • REYNOLDSBURG, Ohio, Feb. 09, 2023 (GLOBE NEWSWIRE) -- In conjunction with the Victoria’s Secret & Co. (NYSE:VSCO) fourth quarter and full fiscal year 2022 earnings release, which will cross the wire after market close on Thursday, March 2, you are invited to listen to a live webcast of the conference call on Friday, March 3 at 8:00 a.m.
  • ET with Victoria’s Secret & Co. executives.

Victoria’s Secret & Co. Plans $125 Million Accelerated Share Repurchase Program

Retrieved on: 
Tuesday, January 31, 2023
Family, International, Goldman Sachs, NYSE, Acquisition, VSCO, Growth, ASR, Share repurchase, Security (finance)

REYNOLDSBURG, Ohio, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (“Victoria’s Secret” or the “Company”) (NYSE: VSCO) today announced that it plans to enter into an accelerated share repurchase agreement (“ASR”) with Goldman Sachs & Co. LLC (“Goldman Sachs”) to repurchase $125 million of the Company’s common stock.

Key Points: 
  • REYNOLDSBURG, Ohio, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (“Victoria’s Secret” or the “Company”) (NYSE: VSCO) today announced that it plans to enter into an accelerated share repurchase agreement (“ASR”) with Goldman Sachs & Co. LLC (“Goldman Sachs”) to repurchase $125 million of the Company’s common stock.
  • The planned ASR is a component of a broader share repurchase program announced on January 11, 2023 (“January 2023 Share Repurchase Program”) authorizing the repurchase of up to $250 million of the Company’s common stock.
  • Shares acquired through the January 2023 Share Repurchase Program will be available to meet obligations under equity compensation plans and for general corporate purposes.
  • Operating income is now forecasted to be in the range of $265 million to $275 million, or approximately 13% to 14% of sales, and above its previously communicated guidance range of $245 million to $265 million.

Victoria’s Secret & Co. Announces New Share Repurchase Authorization and Provides Fourth Quarter 2022 Sales and Earnings Update

Retrieved on: 
Wednesday, January 11, 2023
Weather, Adore Me, VSCO, NYSE, Acceleration, Forecasting, Share repurchase, Sale, Acquisition, Video game, Risk management

REYNOLDSBURG, Ohio, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (“Victoria’s Secret” or the “Company”) (NYSE: VSCO) today announced that its Board of Directors unanimously approved a new share repurchase program (“January 2023 Share Repurchase Program”) authorizing the repurchase of up to $250 million of the Company’s common stock. Shares repurchased under the January 2023 Share Repurchase Program will be made in the open market, subject to market conditions and other factors. The January 2023 Share Repurchase Program is eligible to begin upon exhaustion of the current $250 million share repurchase program which is scheduled to be completed by the end of January 2023. Shares acquired through the January 2023 Share Repurchase Program will be available to meet obligations under equity compensation plans and for general corporate purposes. The January 2023 Share Repurchase Program will continue until exhausted, but no later than the end of fiscal year 2023.

Key Points: 
  • The January 2023 Share Repurchase Program is eligible to begin upon exhaustion of the current $250 million share repurchase program which is scheduled to be completed by the end of January 2023.
  • Shares acquired through the January 2023 Share Repurchase Program will be available to meet obligations under equity compensation plans and for general corporate purposes.
  • The January 2023 Share Repurchase Program will continue until exhausted, but no later than the end of fiscal year 2023.
  • Consistent with this level of profitability, the Company reaffirms the fourth quarter 2022 sales guidance provided on November 30, 2022 which forecasted a net sales decline in the high-single digit range compared to last year’s fourth quarter net sales of $2.175 billion.

Victoria’s Secret & Co. Completes Acquisition of Adore Me, Inc.

Retrieved on: 
Tuesday, January 3, 2023
Credit Suisse, VS, PINK, Wilmer Cutler Pickering Hale and Dorr, Acquisition, Adore Me, Growth, NYSE, Kirkland & Ellis, Goldman Sachs, VSCO, Risk management

REYNOLDSBURG, Ohio, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (“Victoria’s Secret” or “VS&Co”) (NYSE: VSCO) today announced that it has completed the acquisition of 100 percent of Adore Me, Inc. (“Adore Me”), a digitally-native intimates brand. The acquisition creates meaningful sales and profit upside opportunities for VS&Co, including the opportunity to leverage Adore Me’s expertise and technology to continue to improve the Victoria’s Secret and PINK customer shopping experience and accelerate the modernization of VS&Co’s digital platform. Adore Me will serve as an important long-term growth vehicle for VS&Co, generating an estimated $250 million of profitable sales in their most recently completed fiscal year 2022. Better together, VS&Co and Adore Me will continue leading the global intimates category forward in a more inclusive, tech-forward, and sustainable way.

Key Points: 
  • REYNOLDSBURG, Ohio, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (“Victoria’s Secret” or “VS&Co”) (NYSE: VSCO) today announced that it has completed the acquisition of 100 percent of Adore Me, Inc. (“Adore Me”), a digitally-native intimates brand.
  • The acquisition creates meaningful sales and profit upside opportunities for VS&Co, including the opportunity to leverage Adore Me’s expertise and technology to continue to improve the Victoria’s Secret and PINK customer shopping experience and accelerate the modernization of VS&Co’s digital platform.
  • Adore Me will serve as an important long-term growth vehicle for VS&Co, generating an estimated $250 million of profitable sales in their most recently completed fiscal year 2022.
  • Better together, VS&Co and Adore Me will continue leading the global intimates category forward in a more inclusive, tech-forward, and sustainable way.

Victoria’s Secret & Co. Reports Third Quarter 2022 Results

Retrieved on: 
Wednesday, November 30, 2022
Marketing, COVID-19, Growth, VSCO, Weather, Advertising, Transport, Annual report, Pandemic, Bath & Body Works, Security (finance), NYSE, Share repurchase, Beauty, Coronavirus, Woman, Adore Me, Acquisition, Bath, Renewable energy, Management, Retail, Video game, Audit, Commercial property, Risk management

REYNOLDSBURG, Ohio, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (“Victoria’s Secret” or the “Company”) (NYSE: VSCO) today reported 2022 financial results for the third quarter ended October 29, 2022.

Key Points: 
  • REYNOLDSBURG, Ohio, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Victorias Secret & Co. (Victorias Secret or the Company) (NYSE: VSCO) today reported 2022 financial results for the third quarter ended October 29, 2022.
  • Total comparable sales for the third quarter of 2022 decreased 11% compared to the third quarter of 2021.
  • At the conclusion of this press release, we have included a reconciliation of reported to adjusted results and forecasted results.
  • VS&Cois comprised of market leading brands, Victorias Secret and Victorias Secret PINK, that share a common purpose of inspiring and uplifting our customers in every stage of their lives.

Victoria’s Secret & Co. Expands its Bra Fit Services, Making Finding the Perfect Bra Easier

Retrieved on: 
Tuesday, November 15, 2022
Riddell, VSCO, Environment, Wolverine World Wide, Partnership, Patient, VS, 3D, PINK, Marketing, MIT, NYSE, Athleisure, Sport, Name, Woman, Tecnica Group, FDA, 3D printing, Online shopping, Fashion

REYNOLDSBURG, Ohio, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Victorias Secret & Co. (NYSE: VSCO) today announced it is introducing new technology to help customers easily find the right size when shopping on the Victorias Secret app for their favorite Victorias Secret and Victorias Secret PINK bras.

Key Points: 
  • REYNOLDSBURG, Ohio, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Victorias Secret & Co. (NYSE: VSCO) today announced it is introducing new technology to help customers easily find the right size when shopping on the Victorias Secret app for their favorite Victorias Secret and Victorias Secret PINK bras.
  • With approximately 23,000 associates trained to provide bra measurements in stores and robust online fit capabilities, VS&Co is already an industry leader in the bra fit experience.
  • This latest offering in technology reflects the companys continued focus on creating a welcoming, approachable environment both online and in stores, while demystifying finding the right sized bra.
  • VS&Co is comprised of market leading brands, Victorias Secret and Victorias Secret PINK, that share a common purpose of inspiring and uplifting our customers in every stage of their lives.

Victoria’s Secret & Co. Invites You to Listen to the Third Quarter 2022 Earnings Call Webcast

Retrieved on: 
Thursday, November 10, 2022
Forward-looking statement, Marketing, NYSE, U.S. Securities and Exchange Commission, Pandemic, Weather, Advertising, Private Securities Litigation Reform Act, Bath, Annual report, Coronavirus, Bath & Body Works, VSCO, Transport, Security (finance), Industry, Acquisition, COVID-19, Audit, Commercial property, Retail, Risk management

We are committed to empowering our more than 30,000 associates across a global footprint of nearly 1,350 retail stores in approximately 70 countries.

Key Points: 
  • We are committed to empowering our more than 30,000 associates across a global footprint of nearly 1,350 retail stores in approximately 70 countries.
  • Accordingly, our future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements.
  • Words such as estimate, commit, target, goal, project, plan, believe, seek, strive, expect, anticipate, intend, potential and any similar expressions may identify forward-looking statements.
  • Risk Factors in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 18, 2022.

Victoria’s Secret & Co. Signs Definitive Agreement to Acquire Adore Me, Inc.

Retrieved on: 
Tuesday, November 1, 2022
Security (finance), Algorithm, Growth, CEO, VS, Acquisition, Budget, Cyprus Securities and Exchange Commission, Generation Z, The NPD Group, GLOBE, Wilmer Cutler Pickering Hale and Dorr, NYSE, Industry, Risk, Investment, DTC, Technology, Adore Me, Hand, Millennials, Investor, Director, Private Securities Litigation Reform Act, Woman, VSCO, Credit Suisse, Goldman Sachs, PINK, Achievement, Video game console, Retail, Risk management

REYNOLDSBURG, Ohio, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (“Victoria’s Secret” or “VS&Co”) (NYSE: VSCO) today announced that it has signed a definitive agreement to acquire 100 percent of Adore Me, Inc. (“Adore Me”), a digitally-native intimates brand. The deal will create significant upside for VS&Co, including the opportunity to leverage Adore Me’s expertise and technology to continue to improve the Victoria’s Secret and PINK customer shopping experience and accelerate the modernization of VS&Co’s digital platform. As a trailblazer in the intimates value segment, Adore Me will also serve as a growth vehicle for VS&Co, providing access to a consumer that is complementary to VS&Co’s existing customer base. VS&Co and Adore Me will continue pushing the intimates category forward in a more inclusive, tech-forward, and sustainable way.

Key Points: 
  • Enhances Digital-First Focus with Investment in Digitally-Native, Technology-First Brand
    REYNOLDSBURG, Ohio, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Victorias Secret & Co. (Victorias Secret or VS&Co) (NYSE: VSCO) today announced that it has signed a definitive agreement to acquire 100 percent of Adore Me, Inc. (Adore Me), a digitally-native intimates brand.
  • VS&Co and Adore Me will continue pushing the intimates category forward in a more inclusive, tech-forward, and sustainable way.
  • Adore Me is a technology-led, digital-first innovator in the intimates category that will help us bring differentiated experiences to Victorias Secret and PINK customers, said Martin Waters, CEO, Victorias Secret & Co.
  • VS&Cois comprised of market leading brands, Victorias Secret and Victorias Secret PINK, that share a common purpose of inspiring and uplifting our customers in every stage of their lives.