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Singapore's central bank tells DBS, Citibank to investigate system outage
Singapore's central bank tells DBS, Citibank to investigate system outage
By Xinghui Kok and Archishma Iyer The Monetary Authority of Singapore (MAS) on Thursday told DBS Group Holdings'
2023-10-19 23:18
Irish police give evidence in Ashling Murphy murder trial
Irish police give evidence in Ashling Murphy murder trial
First responders to the scene tell a Dublin court there were no signs of life when they found her.
2023-10-19 23:17
Victoria’s Secret ditches feminist makeover after sales slump
Victoria’s Secret ditches feminist makeover after sales slump
Victoria’s Secret is dropping its feminist makeover and bringing back “sexiness” as it tries to reverse a slump in sales. The lingerie brand ditched its glamorous catwalks and signiture ‘angels’ in 2018, and instead promoted a more diverse array of female ambassadors including Megan Rapinoe and Priyanka Chopra who modelled a line of relaxed loungewear. But executives are now reportedly re-embracing “sex appeal” after the short-lived makeover failed to boost sales. During a presentation last week, a top executive said Victoria’s Secret would be the subject of an image overhaul, adding “sexiness can be inclusive”. “Sexiness can celebrate the diverse experiences of our customers and that’s what we’re focused on,” Greg Unis, brand president of the company’s youth-focused venture Victoria’s Secret & Pink, told investors on Thursday (13 October). The reboot is part of a larger strategy to revive its sales after a five-year marketing overhaul fell short of expectations. According to the Business of Fashion, Victoria’s Secret is projecting $6.2bn in earnings this fiscal year – a five per cent drop on sales in 2022, and well below the $7.4bn sales reported in 2018. Now, Victoria’s Secret has laid out a roadmap to bolstering its revenue, including cost-cutting, reviving its swimwear and activewear ranges, and further expanding its offerings to include products such as sweaters, slip dresses, and corsets. Giving its stores a more “welcoming” facelift is also part of the plan. Chief executive Martin Waters added that the retailer’s inclusivity initiatives and campaigns had “not been enough to carry the day”, referring to the company’s performance in recent years. Once the purveyors of Swarovski-studded undergarments and unrealistic body standards, Victoria’s Secret has, in recent years, embarked on a journey to shed its hyper-sexualised image and pay attention to changing social norms. The attempt to rehabiliate its public perception also followed criticism that it promoted typically thin, white models as the preferred beauty standard. Its initial attempt to adjust its image came hot on the heels of declining sales due to the emergence of inclusive and diversity-friendly brands such as Rihanna’s Savage X Fenty and Third Love, as well as several controversies including top management at L Brands – the former parent company of Victoria’s Secret. In 2018, L Brands’ then-marketing boss Ed Razek sparked a backlash when he declared that Victoria’s Secret would never cast transgender and plus-size models in its annual Fashion show because it’s a “fantasy”. Razek resigned the following year after he was accused of inappropriate behaviour with models – allegations he called “categorically untrue, misconstrued or taken out of context”. Around the same time, an investigation by The New York Times uncovered ties between L Brands’ former chief executive Lex Werne and convicted paedophile Jeffrey Epstein, which further sullied the reputation of Victoria’s Secret. In an effort to rehabilitate its image, the brand’s recent campaigns have featuring stars such as former US women’s football captain Megan Rapinoe, plus-size models Paloma Elsesser and Ali Tate-Cutler, and Brazillian transgender model Valentina Sampaio. Last month, Victoria’s Secret: The Tour ‘23 was released on Amazon Prime, with the company declaring the televised catwalk event was the “ultimate expression” of its commitment to a new Victoria’s Secret that’s more in step with the times. Despite its struggles, Victoria’s Secret still owns a lion’s share of the north American market today. “We’ve been insufficiently differentiated in this difficult market,” Waters said, during the meeting last Thursday. “[But] our ambition of being the world’s leading fashion retailer of intimates apparel is unchanged.” Read More Victoria’s Secret was never feminist – why are they bothering to try now? Victoria's Secret overhauls its racy fashion catwalk in its latest moves to be more inclusive From Naomi Campbell to Hailey Bieber: All the top models and celebs in Victoria Secret’s new Icons campaign Black magic: Go back to black this season with the catwalk-inspired trend From collars to gloomy garments: How to dress like Wednesday Addams for Halloween Why Travis Kelce relies on ‘instinct’ and ‘panic’ when getting dressed
2023-10-19 23:16
India cenbank sold net $3.86 billion in spot forex market in August – bulletin
India cenbank sold net $3.86 billion in spot forex market in August – bulletin
MUMBAI The Reserve Bank of India (RBI) sold a net $3.86 billion in the spot foreign exchange market
2023-10-19 23:16
New York AG accuses crypto firms of deceiving investors in $1 billion fraud
New York AG accuses crypto firms of deceiving investors in $1 billion fraud
On Thursday, New York's attorney general filed a lawsuit against three digital asset firms that were caught up in the collapse of Bankman-Fried's empire last fall — Gemini Trust, Genesis Global Capital and Digital Currency Group, parent company of Genesis.
2023-10-19 23:15
ABS Consulting and Dragos Expand Strategic Partnership to Strengthen OT Defenses
ABS Consulting and Dragos Expand Strategic Partnership to Strengthen OT Defenses
HOUSTON--(BUSINESS WIRE)--Oct 19, 2023--
2023-10-19 22:58
Water usage on the Colorado River is way down as the West begins planning for a future with less
Water usage on the Colorado River is way down as the West begins planning for a future with less
As the Biden administration kicks off a years-long negotiation process to divvy up the shrinking water supply of the Colorado River, there are finally some signs of optimism after several bleak years.
2023-10-19 22:58
In France and Germany, Palestinian supporters say they struggle to be heard
In France and Germany, Palestinian supporters say they struggle to be heard
By Riham Alkousaa, Thomas Escritt and Layli Foroudi BERLIN/PARIS As tens of thousands of people took to the
2023-10-19 22:56
Ukraine's parliament backs ban on Russia-linked church in initial vote
Ukraine's parliament backs ban on Russia-linked church in initial vote
KYIV The Ukrainian parliament gave initial approval on Thursday to a law that would ban the Ukrainian Orthodox
2023-10-19 22:54
Hamas spokesman reportedly among scores arrested in occupied West Bank
Hamas spokesman reportedly among scores arrested in occupied West Bank
A Hamas spokesman is reportedly among more than 60 members of the militant organization that Israel arrested in overnight raids across the West Bank, the Israeli-occupied Palestinian territory that is increasingly feeling the impact of the fighting in Gaza.
2023-10-19 22:48
Bulletin advises of potential 'lone offender' attacks as US counterterrorism officials work to detect homeland threats
Bulletin advises of potential 'lone offender' attacks as US counterterrorism officials work to detect homeland threats
With a war ongoing between Israel and Hamas, law enforcement agencies across the US remain on high alert, with a joint bulletin Wednesday warning of the threat of "lone offenders" as sources say officials are using an array of sophisticated tools and techniques to monitor for potential threats.
2023-10-19 22:47
Union Pacific railroad's quarterly profit falls 19% as volumes slow and costs remain high
Union Pacific railroad's quarterly profit falls 19% as volumes slow and costs remain high
Union Pacific's third-quarter profit fell 19% as the railroad hauled about 3% fewer shipments and costs remained high, but the average speed of its trains improved 5% as new CEO Jim Vena began to tweak the operations
2023-10-19 22:29
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