'The math doesn't add up': Victoria's Secret and Pink look 'desperate' by giving products away (LB)

Business Insider/Mary Hanbury Victoria's Secret and Pink owner L Brands has been struggling to drive demand. The two sister-brands have used deep discounts to get rid of high inventory without too much success, and Jefferies sees negative trends continuing into the next quarter. L Brands blames sales struggles on the recent shut-down of its catalog business, the company exiting swimwear and restructuring but Jefferies says the problems are much deeper. Watch L Brands trade in real-time here. L B...