Victorias Secret And Co's Business Segments

Victoria’s Secret & Co. is a specialty retailer of women’s intimates, apparel, and beauty products marketed under the Victoria’s Secret, PINK, and Adore Me brand names. The company operates approximately 860 stores across the U.S., Canada, and China, as well as its own websites and digital channels worldwide. Additionally, it has over 560 stores in about 70 countries through franchise, license, and wholesale arrangements. The business includes merchandise sourcing and production functions serving both the company and its international partners. Victoria’s Secret & Co. operates as a single segment focused on serving customers globally through stores and digital platforms. The Victoria’s Secret brand offers fashion-inspired intimate apparel and prestige fragrances, while PINK targets young women with lifestyle apparel and accessories. Adore Me is a digitally native brand serving diverse budgets and lifestyles, including DailyLook, a premium subscription styling service. The company’s retail stores are located in malls and lifestyle centers, primarily in the U.S., Canada, and China. Franchise and license partners operate stores internationally, adhering to company standards to ensure consistent customer experiences.

Victoria's Secret & Co. operates a single reportable segment, which is assessed by the CEO, the Chief Operating Decision Maker (CODM), based on Net Income Attributable to the company. The company generates revenue primarily from the sale of women's intimate apparel, other apparel, and beauty products. Net sales and financial metrics are reported for the years 2023 through 2025. Net sales are segmented geographically into the U.S. (including U.S. territories) and international markets. International sales include revenues from company-operated stores outside the U.S., royalty income from franchise and license agreements, wholesale revenues, and direct international shipments. Long-lived assets are also reported by geographic region. Additional information regarding assets, capital expenditures, depreciation, amortization, and other significant non-cash transactions is provided in the company's financial statements and accompanying notes. The company has announced a strategic review of DailyLook, a digitally-based premium subscription styling service for women's apparel and accessories, acquired through the Adore Me transaction.