Connect with us

Headlines

Victoria’s Secret Plans ‘Store of the Future’

The retailer is planning three test locations this fall.

mm

Published

on

Courtesy of L Brands

Victoria’s Secret & Co. (Columbus, Ohio) is planning to debut three “test” locations by this fall. It’s dubbing the concept “store of the future” and is planning to rollout another 10 test locations by 2022, reports CNBC. One of the new stores is reportedly in an “off-mall” strip center, which is a new move for the brand.

“We can take advantage of the traffic that’s in those clearance and off-mall locations … It’s about a flexible environment where we can move merchandise around – based on what’s selling best and selling less,” says Martin Waters, CEO, Victoria’s Secret, reports CNBC.

The company has been working on paring down its store count over the years to focus on higher performing locations. Currently, the retailer has roughly 26 percent of its fleet in A-rated malls, 37 percent in B-rated malls and 13 percent in C-rated malls. Another 24 percent are reportedly located in other property types. In 2018, the brand had 1143 locations and today it operates 867.

Drawing on more than 120 years of history serving the retail design market, VMSD magazine provides retail professionals with the most up-to-date, innovative retail design ideas and industry news through its industry-leading magazine, website, social media channels and bulletins.

Advertisement

SPONSORED VIDEO

Embracing Whole-Brained Thinking in the Design Journey

Strategy needs creative, and creative needs strategy—yep, having both is really the only way of unifying all disciplines with a common vernacular with an eye toward building a strong creative vision that is foundational to the processes. Hear from Bevan Bloemendaal, former VP, Global Environments & Creative Services at Timberland, how to connect the dots between disciplines, claiming and creating a clear differentiation for the brand and ensuring that any asset (experience, product, ad, store, office, home, video, game) is created with intention.

Promoted Headlines

Most Popular