Limited Brands Inc.’s Victoria’s Secret, the lingerie chain known for its supermodels called “Angels,” is planning its first stores in Hong Kong, where surging demand from shoppers has sent retail rents to a record.
U.S. stocks extended a four-day rally as retailers gained after reporting improving sales and jobless claims dropped more than forecast. The dollar weakened against most major peers as investors bet global central-bank stimulus will bolster demand for higher-yielding assets.
Clarisse Kambire’s nightmare rarely changes. It’s daytime. In a field of cotton plants that burst with purple and white flowers, a man in rags towers over her, a stick raised above his head. Then a voice booms, jerking Clarisse from her slumber and making her heart leap. “Get up!”
When Kathleen Jordan stopped at a Victoria’s Secret a year ago to buy something for herself, the visit had an unintended consequence: her 13-year-old daughter got hooked on Pink, the lingerie brand’s young collegiate line.
Hurricane Sandy is threatening to reduce sales of clothing and holiday gifts during one of the most important shopping months of the year, while benefiting supermarkets and home-improvement stores such as Home Depot Inc.
U.S. investigators are conducting a preliminary inquiry into forced child labor used in an organic and fair-trade cotton program that supplies the American lingerie retailer Victoria’s Secret, a federal law enforcement official confirmed this week.