00:00It's Benzinga bringing Wall Street to Main Street.
00:02Victoria's Secret is expanding marketing and inventory for Valentine's Day after
00:07selling out too early last year, according to the Wall Street Journal. Executives said
00:11stronger sales momentum and higher customer engagement support a more aggressive approach.
00:17The company launched its February collection earlier, increased Valentine's Day-themed
00:21products, and reduced reliance on discounts. Inventory for the three months ending in
00:26February is expected to rise in the mid-teens percentage range, with three points tied to
00:31the holiday. Victoria's Secret reported net sales of $1.47 billion for the quarter ended
00:37November 1st, up 9.2% year over year. The company posted a $37.3 million loss, narrower than last
00:45year, and forecast adjusted earnings per share of $2.20 to $2.45 for the current quarter.
00:52For all things money, visit Benzinga.com.
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