Victoria's Secret is cutting back on deals and discounts as tariffs hit its business

Victoria's Secret is planning to cut back on deals to offset higher costs from tariffs. Shoppers at the lingerie chain might be familiar with its frequent discounts or the free gifts that it gives customers who spend a certain amount in one visit.President Donald Trump's tariffs are expected to hit Victoria's Secret's operating income by $50 million during its 2025 fiscal year, though, the company said as it reported earnings on Wednesday. Discounts and freebies are among the first areas the company could ...