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Investing.com -- Wells Fargo on Friday reshuffled its ratings across the U.S. apparel and retail sector, upgrading Victoria’s Secret and downgrading Nike and Deckers, arguing that the rapid adoption of GLP-1 weight-loss drugs is impacting consumer spending in ways that favor clothing over footwear and athletic wear.
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VSCO's international sales surged 43% in Q4 as an asset-light partner model scales faster, with Store of the Future upgrades set to lift productivity.
VSCO's turnaround is gaining traction as comps rise, bras return to growth, and PINK rebuilds Gen Z demand.
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The company reported a $120 million impairment charge related to the subbrand, with the fair values of certain Adore Me assets deemed “nominal,” per a filing.
The Australian billionaire Brett Blundy is looking to remove two of the company’s board members, including chair Donna James.
TPR, LEVI, VSCO & ANF tighten inventory and pricing to protect margins as e-commerce, omnichannel and personalization lift conversion and loyalty.
Victoria’s Secret accused one of its largest shareholders of pursuing a proxy fight after being denied a board seat, calling the effort a distracting campaign.