Victoria Beckham’s fashion line was previously one of the most sought-after in recent years. However, times have changed.
The Daily Mail stated that her flagship London store had no lineups on the busiest shopping day of the year.
The outlet observed that no one was queuing to enter the store when it opened at 10 a.m. on Black Friday, the largest shopping day of the year.
Despite concerns about the cost of living in the UK, Barclaycard Payment, which handles $1.21 to $3.63 spent in the nation, claimed that the number of payments on Friday was the same as it was on Black Friday last year.
Victoria Beckham’s business debuted in 2008 with a limited assortment of dresses, but it has since expanded to include bags, jackets, shoes, and accessories.
Posh Spice’s label, however, now faces an unclear future after a spokeswoman for her verified the statistics for her business.
According to The Mirror, her company’s overall sales decreased by 6% as a result of the global epidemic. The label was compelled to limit its cash and costs, which resulted in lower operational losses.
However, owing to cost savings across the firm and a recalibration of the business model, they will attempt to make it long-term viable.
Aside from her fashion label, Victoria Beckham also has “luxury” beauty and skincare items.
Friends of the former Spice Girls star claimed Victoria is keen to keep her firm going, despite the fact that many rejected her releases and enterprises as a “vanity project.”
One source revealed, “this is what gives Victoria her identity; she loves it, and despite the apparent challenges, she is a grafter and immensely enthusiastic about it.”
READ ALSO: Is Gwen Stefani OK? ‘The Voice’ Coach Concerns Fans After Seeing This
Victoria Beckham Net Worth 2022
Despite her commercial difficulties, Victoria Beckham will not face financial difficulties because her net worth is $450 million, according to Celebrity Net Worth.
After becoming famous as a member of a 90s girl group, she pursued a solo career in 2001, and her two debut solo albums debuted in the UK Top 10 singles list.
She also makes money from her fashion business, which debuted in 2008 and was followed three years later by a more inexpensive range.
READ MORE: Kylie Minogue Pulling an ‘Adele’: Popstar in Talks for Las Vegas Residency for THIS Amount
© 2015 MusicTimes.com All rights reserved. Do not reproduce without permission.