Amazon Reportedly Has Plans to Take On Victoria’s Secret With $10 Bras
February 10, 2017, 1:56 PM UTC
Photograph by Dimitrios Kambouris—Getty Images for Victoria's Secr
After making moves on the auto parts industry, internet retailer Amazon.com is likely making some lingerie CEOs nervous.
According to people familiar with the matter as cited by the Wall Street Journal Friday, the tech giant plans to sell its own line of women’s intimate apparel on its U.S. website.
That will put the company in competition with PVH (PVH), which owns Calvin Klein, and L Brands (LB), which owns Victoria’s Secret.
Amazon currently sells bras in Europe for under $10, under the label of Iris & Lilly, the Journal reported. Victoria’s Secret and Calvin Klein on the other hand sell bras for around $40.
