Overview

• Victoria’s Secret detected unauthorized access to its IT systems on May 26, prompting an immediate shutdown of corporate and e-commerce platforms
• The lingerie retailer enlisted third-party cybersecurity experts to contain the breach and eradicate unauthorized network access
• The cyberattack did not affect first-quarter fiscal 2025 results but led to a postponement of the upcoming quarterly earnings announcement
• All online services and affected in-store functions, including those at PINK outlets, were restored by May 29
• Shares rose about 3% in premarket trading after the disclosure, and peer retailers Marks & Spencer and Cartier reported similar website disruptions recently