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-0.00215936082919459 -0.000323904124379196 0.00583027423882538 0.00874541135823799 0.00906931548261718 -0.019434247462751 -0.0207298639602678 -0.0181386309652344
Stock impact report

Victoria's Secret Shuts Down First and Largest China Flagship [Yahoo! Finance]

Victorias Secret & Co. (VSCO) 
Company Research Source: Yahoo! Finance
Against the backdrop of a challenging macroeconomic environment in China , fashion brands are taking a harder look at their balance sheets and trimming underperforming stores. The latest is Victoria's Secret , which officially turned off the lights at its first and largest China flagship at Lippo Plaza in Shanghai on Tuesday. More from WWD EXCLUSIVE: Liu Shishi Named Self-Portrait Global Brand Ambassador China Sets 4.5 to 5 Percent 2026 Growth Target, Outlines Retail Playbook Victoria's Secret Sales Grow by 8% in Q4 The closure is a part of Victoria's Secret's “relocation plan” for China, the retailer said in a short statement Wednesday. “Currently, the company is actively sourcing suitable nearby premises to maintain the brand's presence in the area,” the retailer said. The brand hasn't unveiled the location of its new flagship but, according to local media reports, the retailer is eyeing another location on Huaihai Road, one soon to be vacated by Muji, the Japanese Show less Read more
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