Fifth Third expects further interest income weakness after quarterly profit falls
Fifth Third Bancorp said on Thursday it expects interest income (NII) to decline again in the current quarter
2023-10-19 20:31
They are tasked with viewing 'the worst imaginable images' of the Israel-Hamas war. Its taking a heavy toll
Journalists reporting on the Israel-Hamas war from outside the immediate region are also being confronted each day with graphic imagery that they cannot look away from as they work to verify reports on the expanding conflict online and deliver the facts to the public.
2023-10-19 20:29
Kim Kardashian's seven-year-old son brands private Arsenal tour 'worst day' of his life
Kim Kardashian's seven-year-old son Saint has branded his private Arsenal tour 'the worst day of his life' after a packing mishap saw him without his football shirt for the occasion. The moment aired on the most recent episode of The Kardashians, where the youngster could be seen with his head in his hands just moments before he prepared to meet the players. Thankfully, the 'soccer mom' managed to pull it out of the bag and find him a new Arsenal shirt to wear in time for Saint to hang out with the likes of Bukayo Saka. Sign up to our free Indy100 weekly newsletter
2023-10-19 20:28
Victoria’s Secret returns to ‘sex sells’ ethos after ‘feminist’ rebrand fails to boost sales
Just weeks after pledging to deliver a new feminist approach to its brand, Victoria’s Secret appears to have reverted to its tried and tested “sex sells” strategy following a slump in sales. The US lingerie chain had attempted to rehabiliate public perception following criticism that it promoted typically thin, white models as the preferred beauty standard. Relaunching its once blockbuster fashion show in September, Victoria’s Secret replaced its “Angels” with the VS Collective – a group of diverse, successful women including Megan Rapinoe and Priyanka Chopra. 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. 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
2023-10-19 20:25
Boris Becker will coach Holger Rune for the rest of the season
Boris Becker is returning to coaching for the first time since the six-time Grand Slam tennis winner’s release from a British prison last year
2023-10-19 20:25
Julianna Margulies gets Internet's nod after she slams Hollywood's silence on antisemitism amid Israel-Hamas war
Julianna Margulies questioned why celebs aren't speaking out against antisemitism and said she hopes to 'inspire other people to come out and talk'
2023-10-19 20:23
Olivia Dunne explains women's walking struggles in high heels, trolls dub TikTok star 'stupid'
Olivia Dunne and her friend face difficulty in high heel boots in the latest TikTok video
2023-10-19 20:23
'Outlander' star Sam Heughan tells Jimmy Fallon about various jobs he did before acting, fans are all ears
'Sam Heughan is a warmhearted hardworking man of many talents,' said a fan
2023-10-19 20:22
Bottle of 'most-sought after Scotch whisky' to come under hammer at Sotheby's in London next month
A bottle of what is being called “the most-sought after Scotch whisky” is set to be auctioned next month at Sotheby's in London
2023-10-19 20:17
Aaron Ramsdale reveals how he's feeling after losing Arsenal starting spot
Aaron Ramsdale speaks out after losing his place in Arsenal's starting lineup to David Raya.
2023-10-19 20:15
Freeport-McMoRan beats quarterly profit estimates on production boost
(Reuters) -Copper miner Freeport-McMoRan beat Wall Street estimates for third-quarter profit on Thursday, helped by higher copper production and sales
2023-10-19 20:14
More Chinese state companies announce share purchases in a sinking market
SHANGHAI/SINGAPORE At least seven listed companies owned by China's central government said late on Thursday that their controlling
2023-10-19 20:14
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