Victoria's Secret is experiencing an oversupply of products due to changes in ocean freight.

Victoria's Secret is transitioning from air freight to ocean shipping, which will lead to earlier inventory ownership and a projected mid-teens percent increase in total inventory for the fiscal fourth quarter. Factors such as business trends and tariff impacts contribute to this rise. The company anticipates a net tariff impact of $90 million for fiscal 2025, with mitigation efforts like optimizing vendor costs, diversifying sourcing, and raising prices. While aiming to ressource from various countries, changes will take time, highlighting ongoing challenges from tariffs.