Victoria’s Secret hit by £1m loss after weak sales ahead of blockbuster fashion show

Victoria’s Secret dipped into the red ahead of a return of the lingerie firm’s televised fashion show next month. 

The US company posted a second-quarter loss of £1million, in a dismal change of fortunes versus a £55million profit last year. Sales also dropped to £1.1billion. 

Chief executive Martin Waters explained trading had been ‘particularly challenging’ in North America, amid the economic downturn. 

Gloomy financial figures came as the company is set to host its blockbuster runway show again, after a four-year hiatus. 

The show will broadcast on Amazon’s streaming platform Prime Video this month and include stars such as Hailey Bi