Current Events > Victoria Secret closing 250 stores across US and Canada

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Monolith1676
05/21/20 8:00:35 PM
#1:


Pretty soon there won't be any economic recovery because there won't be any places to work.

https://fox40.com/news/business/victorias-secret-closing-250-stores-across-us-and-canada/

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thronedfire2
05/21/20 8:02:49 PM
#2:


meh, if there's nowhere for people to shop in person it all has to be online.

now vendors don't have to pay employees. or rent.

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#3
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lilORANG
05/21/20 8:07:08 PM
#4:


Surprised it took this long. Selling undies for $30 a pop ain't sustainable.
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lord0fmud
05/21/20 8:07:50 PM
#5:


Do you think this had anything to do with the fact that they relaxed their hiring practices and standards? Probably easier to just shop online.

I have no idea. I've never gone in one.
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Broseph_Stalin
05/21/20 8:08:43 PM
#6:


Monolith1676 posted...
Pretty soon there won't be any economic recovery because there won't be any places to work.

that's not how that works
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thronedfire2
05/21/20 8:10:10 PM
#7:


lilORANG posted...
Surprised it took this long. Selling undies for $30 a pop ain't sustainable.

that's lingerie. regular undies are only like $2-3 each

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voldothegr8
05/21/20 8:10:52 PM
#8:


It was bound to happen sooner or later anyway, their quality went down a long time ago while the prices kept going up
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DeadBankerDream
05/21/20 8:11:01 PM
#9:


What's it like slurping that many wrinkles on one anus, TC?
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_Rinku_
05/21/20 8:12:39 PM
#10:


thronedfire2 posted...
that's lingerie. regular undies are only like $2-3 each
There are no undies at Victoria's Secret for $3.
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chrono625
05/21/20 8:12:58 PM
#11:


Their lingerie is over priced anyway and their clothing is as well.

they should just stick to bras and undies anyway.

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Vyrulisse
05/21/20 8:13:11 PM
#12:


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#13
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Darkraiomb
05/21/20 8:18:23 PM
#14:


https://www.youtube.com/watch?v=RAA1xgTTw9w

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I4NRulez
05/21/20 8:19:54 PM
#15:


i mean all i know is that no girl ive dated has ever shopped there. Its way too pricey and theres so many other options on same quality for cheaper for them.

It felt like the quarantine just sped up what was going to happen regardless

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thronedfire2
05/21/20 8:20:19 PM
#16:


_Rinku_ posted...
There are no undies at Victoria's Secret for $3.

idk, I went with my friend once and she got a bunch for $3 each. maybe it was a sale?

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Lordgold666
05/21/20 8:21:01 PM
#17:


Bet theyd do just fine if the bras were all 100% off

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inloveanddeath0
05/21/20 8:22:18 PM
#19:


CalypsoDoom posted...
Yeah lowest Ive seen is about 7 for 30 which adds up to about 4.28 per pair. Which is a good deal, around Target underwear prices.

.... I might do some online shopping for some VS stuff now lol
Hmm I mean as long as it's not basic wear. Something lacey or some type of booty shorts would seem worth

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KiwiTerraRizing
05/21/20 8:23:39 PM
#20:


Monolith1676 posted...
Pretty soon there won't be any economic recovery because there won't be any places to work.

https://fox40.com/news/business/victorias-secret-closing-250-stores-across-us-and-canada/

These places arent going to hire back a fraction of their workforce no matter what. The only way they can make the next quarter palatable to investors is to slash payroll.

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Cobra1010
05/21/20 8:47:22 PM
#21:


lilORANG posted...
Surprised it took this long. Selling undies for $30 a pop ain't sustainable.

Doesnt stop those edgy people with stupidly massive straps saying calvin klein and then posting pictures of them online.

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monkmith
05/21/20 8:49:28 PM
#22:


oh no, where will i go to awkwardly shop for a sexy present now...

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Zack_Attackv1
05/21/20 8:56:41 PM
#23:


Looks like the secret...*dramatic pause*...is out.

https://www.youtube.com/watch?v=6YMPAH67f4o
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Monolith1676
05/21/20 9:05:47 PM
#24:


Broseph_Stalin posted...
that's not how that works

Yes it does. If there is less places to work that means less places for people to earn an income and therefore that decreases the tax revenue and that in turn reduces the amount of social services and other beneficial things taxes pay for.

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_Rinku_
05/21/20 9:31:43 PM
#25:


thronedfire2 posted...
idk, I went with my friend once and she got a bunch for $3 each. maybe it was a sale?
It was probably the PINK panties which they do occasionally have on crazy cheap sales. Usually something like 5/$25. Those are a legitimately good deal. Their regular stuff is stupid overpriced.
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LeperMessiahXX
05/21/20 9:36:26 PM
#26:


This may be a case of something like Gamestop. Most girls I know seem to shop online for underwear now.

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Bio1590
05/21/20 9:38:26 PM
#27:


This has nothing to do with covid, they were already fucked and closing stores long before this happened.
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Questionmarktarius
05/21/20 9:42:39 PM
#28:


Bio1590 posted...
This has nothing to do with covid, they were already fucked and closing stores long before this happened.
If anything, covid is an elbow to the neck after a kick in the balls.
Penney's got fucked too.
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Bio1590
05/21/20 10:33:21 PM
#29:


Questionmarktarius posted...

If anything, covid is an elbow to the neck after a kick in the balls.
Penney's got fucked too.

Yeah like it probably accelerated their plans but the end result is these stores are probably just being closed maybe a year before they would have without the pandemic. Possibly even less if the sale had actually gone through because that's what happened to La Senza after L Brands managed to sell it off to Regent last year.

E: Also pretty sure JCPenny was fucked anyways and this whole thing just accelerated it as well, they lost money on over $11B in revenue last year.
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Questionmarktarius
05/21/20 10:38:56 PM
#30:


You just can't market a "premium" product made in the same east-asian sweatshops as Walmart's junk. Not for very long anyway.
https://www.reference.com/world-view/victoria-s-secret-products-manufactured-32e5cb118b52d674
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