advertisement
advertisement

How Victoria’s Secret, Nordstrom Came To Opposite Decisions

Written by Evan Schuman
May 21st, 2013

Sometimes, doing the right thing can mean saying no to what shoppers might think is the right thing. Victoria’s Secret (NYSE:LTD) recently found itself in the middle of a challenging issue when the daughter of a breast cancer survivor started campaigning vigorously—including helping to get 120,000 signatures on a petition—to get the apparel retailer to start offering mastectomy bras.

The truth is that Victoria’s Secret has been a longtime champion of cancer issues, having donated more than $1.6 million to the Susan G. Komen Breast Cancer Foundation and the American Cancer Society to fund breast cancer research, education, screening and treatment. It’s also donated some $10 million (over two years) to fund cancer research at the Ohio State University Comprehensive Cancer Center, said ABCNews.

But the company was in the awkward position of knowing that it couldn’t do mastectomy bras in the proper way. As Victoria’s Secret put it in an E-mailed statement: “Through our research, we have learned that fitting and selling mastectomy bras—in the right way, in a way that is beneficial to women—is complicated and truly a science. As a result, we believe that the best way for us to make an impact for our customers is to continue funding cancer research.”

One Victoria’s Secret source elaborated on the process. First off, the store can’t simply sell such specialized bras. They need to be fitted and customized. The fitting alone? “A good one takes an hour to an hour-and-a-half, if the shopper is to have it fit properly,” the official said.

Then there’s the training of associates, a training that is lightyears more complex than any piece of apparel that the chain sells today. “We found that the certification process alone required more than 500 hours of fitting and training. These are considered medical devices,” the Victoria’s source said. Given that it’s a medical device, there is also lots of highly specialized paperwork, “such as billing Medicare and insurance companies. Honest to goodness, to do it right for women, we couldn’t do it in a way that would be right for them,” the source said.

Instead, Victoria’s Secret has opted to support the James Cancer Clinic at Ohio State. They have a program with boutiques right inside the medical center, shops with trained personnel to handle the fittings professionally.

Interestingly enough, the case for doing—or not doing—mastectomy bras is best illustrated by comparing Victoria’s Secret—which has opted to not do it—with the largest U.S. chain today that is doing it: Nordstrom (NYSE:JWN).


advertisement

Comments are closed.

Newsletters

StorefrontBacktalk delivers the latest retail technology news & analysis. Join more than 60,000 retail IT leaders who subscribe to our free weekly email. Sign up today!
advertisement

Most Recent Comments

Why Did Gonzales Hackers Like European Cards So Much Better?

I am still unclear about the core point here-- why higher value of European cards. Supply and demand, yes, makes sense. But the fact that the cards were chip and pin (EMV) should make them less valuable because that demonstrably reduces the ability to use them fraudulently. Did the author mean that the chip and pin cards could be used in a country where EMV is not implemented--the US--and this mis-match make it easier to us them since the issuing banks may not have as robust anti-fraud controls as non-EMV banks because they assumed EMV would do the fraud prevention for them Read more...
Two possible reasons that I can think of and have seen in the past - 1) Cards issued by European banks when used online cross border don't usually support AVS checks. So, when a European card is used with a billing address that's in the US, an ecom merchant wouldn't necessarily know that the shipping zip code doesn't match the billing code. 2) Also, in offline chip countries the card determines whether or not a transaction is approved, not the issuer. In my experience, European issuers haven't developed the same checks on authorization requests as US issuers. So, these cards might be more valuable because they are more likely to get approved. Read more...
A smart card slot in terminals doesn't mean there is a reader or that the reader is activated. Then, activated reader or not, the U.S. processors don't have apps certified or ready to load into those terminals to accept and process smart card transactions just yet. Don't get your card(t) before the terminal (horse). Read more...
The marketplace does speak. More fraud capacity translates to higher value for the stolen data. Because nearly 100% of all US transactions are authorized online in real time, we have less fraud regardless of whether the card is Magstripe only or chip and PIn. Hence, $10 prices for US cards vs $25 for the European counterparts. Read more...
@David True. The European cards have both an EMV chip AND a mag stripe. Europeans may generally use the chip for their transactions, but the insecure stripe remains vulnerable to skimming, whether it be from a false front on an ATM or a dishonest waiter with a handheld skimmer. If their stripe is skimmed, the track data can still be cloned and used fraudulently in the United States. If European banks only detect fraud from 9-5 GMT, that might explain why American criminals prefer them over American bank issued cards, who have fraud detection in place 24x7. Read more...

StorefrontBacktalk
Our apologies. Due to legal and security copyright issues, we can't facilitate the printing of Premium Content. If you absolutely need a hard copy, please contact customer service.