2019 Victoria's Secret Fashion Show Officially Canceled

2019 Victoria's Secret Fashion Show Officially Canceled

21 Nov 2019 (PT)
VICTORIA

"We didn't see a material impact on the next few days' results," Stuart Burgdoerfer, L Brands' chief financial officer, explained of the iconic fashion show's impact for the brand.

The iconic Victoria's Secret fashion show will no longer be a staple during the holidays, as L Brands announced Thursday it has been officially canceled.

Stuart Burgdoerfer, L Brands' chief financial officer, explained during a company quarterly call that as the fashion show hopped between ABC and CBS over recent years, "we didn't see a material impact on the next few days results." When explaining how Victoria's Secret will make up for the loss of publicity that came from the show, he added "we'll be communicating to customers, but nothing that I would say is similar in magnitude to the Fashion Show."

"With that said, it was a very important part of the brand building of this business and was an important aspect of the brand and a remarkable marketing achievement," Burgdoerfer added on the call.

The Victoria's Secret fashion show began in 1995 but did not air an hourlong special until 2001, starting with ABC. Alongside six-inch heels, sparkling lingerie and massive wings, models walked new styles alongside musical performances by stars like Lady Gaga and Taylor Swift.

In May of this year, L Brands announced the show would no longer be broadcast on network television due to a decline in viewership. The show has hopped between ABC and CBS, with 2018's broadcast on ABC reaching only 3.3 million viewers — a significant drop from 2013's 9.7 million. THR has reached out to ABC for comment.

Victoria's Secret Model Shanina Shaik would later tell Australia's The Daily Telegraph in July that the show was over. L Brands did not comment on or confirm her remarks at the time.

"Unfortunately the Victoria's Secret show won't be happening this year," she said. "It's something I'm not used to because every year around this time I'm training like an angel. But I'm sure in the future something will happen, which I'm pretty sure about. I'm sure they're trying to work on branding and new ways to do the show because it's the best show in the world."

In August, amid the brand's Jeffrey Epstein controversy, declining sales and image problems, Victoria's Secret hired its first transgender model Valentina Sampaio and saw L Brands' chief marketing officer Edward Razek resign. 

Source: Hollywood Reporter

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2019 Victoria's Secret Fashion Show Officially Canceled
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