1728 ET - Victoria's Secret continues to be relentless on controlling costs across its business, despite the recent gains in its North America business for the second quarter in a row in the fourth quarter, the company says. While the lingerie retailer's intimates business again outperformed the marker in the period, third-party market data indicated that sales in the overall market in North America were down low-single digits in the quarter, it adds. Overall, Victoria's Secret is preparing for the potential impact from tariffs and a negative shift in consumer confidence due to the economic uncertainty as it already deals with higher transportation costs, both ocean and air. Shares fall 5.2% to $21.05 in post-market trading. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
March 05, 2025 17:29 ET (22:29 GMT)
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