What is the product life cycle of Victoria's Secret?

Answer 1

The product life cycle of Victoria's Secret typically involves several stages, starting with product development and introduction, where new lingerie and beauty products are designed and launched. As these products gain popularity, they enter the growth stage, characterized by increased sales and market expansion. Eventually, products reach maturity, where sales stabilize but may decline due to market saturation and changing consumer preferences. Finally, in the decline stage, less popular items are phased out, and new designs are introduced to refresh the brand and capture consumer interest.