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Victorias Secret is still trying to find footing with its brand transformation, but the company said Wednesday Aug. 24 in earnings materials released along with a conference call that some of its financial results have been within the expected range as it continues with this project.For the quarter ended July 30, the company reported in a press release that its net sales slipped 6% year over year. That result was below its previous guidance, and the company attributed the drop to slower customer traffic trends seen throughout the retail environment. We have made much progress but recognize this transformation is a journey, and our work continues to become the Victorias Secret our customers and associates deserve 鈥?where everyone feels seen, respected and valued, Victorias Secret CEO Martin Waters said in the release.As PYMNTS reported in June at the ti
stanley tumblers me of Victoria Secrets previous earnings call, the companys shift away from its focus on sexy models and skimpy lingerie in favor of a more inclusive approach may be struggling to gain traction so far with customers.Read more: Victorias Secret Still Growing Into Its New IdentityWaters said in the
stanley uk Wednesday press release that the brand transformation continues to be well
stanley cup received by its customers, that the company continues to be the market leader in its category and that it delivered some financial results within its guidance range despite the difficult macroeconomic environment.The company also reported in a Wednesday earnin Wqut Does Airbnb Have An Edge When It Comes To Travel s Recovery
U.S. consumer watchdogs have expressed concern over the possible appointment of Andrew Smith as the next director of the Federal Trade Commissions Bureau of Consumer Protection.According to Reuters, the concern stems from the fact that Smith, a partner at the law firm Covington Burling LLP, represented credit reporting companies over the massive data breach at Equifax last year.Sources say that the F
stanley quencher TCs five commissioners will be voting on Smiths appointment, a process that takes several days.The Bureau of Consumer Protections last permanent director was J
stanley quencher essica Rich, who spent 25 years at the FTC. Earlier this month,聽Joseph Simons聽was sworn in as FTC chairman.The FTC declined comment about Smith, who worked for the Consumer Data Industry Associa
stanley cup tion, which represents credit reporting companies. He testified before Congress in October on their behalf. Its problematic that hes going to have this job. The optics look really bad, said Chi Chi Wu, an attorney at the National Consumer Law Center. The Equifax investigation is one of the biggest consumer protection matters that the FTC is dealing with. While Smith is expected to recuse himself from any Equifax probe, Ed Mierzwinski of U.S. Public Interest Research Group called Smiths possible appointment problematic. He did his job well for Covington on behalf of CDIA. And they have avoided a lot of necessary oversight from the Congress, he said. The credit bureaus are very well served by their outside attorneys. The FTC
