Overview
- Victoria's Secret took down its website and suspended some in-store services on May 25 after detecting a "security incident", and its site remains offline.
- CEO Hillary Super warned that recovery will take time as the company activated its incident response protocols and engaged third-party cybersecurity experts.
- Shares of the lingerie retailer fell nearly 7% on May 28 as customers were locked out of online shopping and unable to process online returns in stores.
- With online and mobile channels generating about $2 billion or roughly one-third of its 2024 revenue, the prolonged outage raises significant financial concerns.
- The shutdown follows the company’s recent 'poison pill' defense against a takeover bid by BBRC International, compounding challenges during its ongoing brand revamp.