Nearly half of Victoria's Secret's holiday products have been stuck at ports or in transit
CNN
Victoria's Secret says that nearly 50% of its holiday merchandise is stuck in transit as Black Friday quickly approaches and gift shopping speeds up.
The company said it ordered 200 million units of merchandise for the fourth quarter holiday sales period, but 90 million of those items are delayed because of the supply chain crisis, as ships loaded with products from overseas remain stuck at US ports.
What's worse: The total holiday order was even higher, initially 210 million units, Martin Waters, CEO of Victoria's Secret & Co, said Thursday during the company's first earnings call since it spun off from L Brands earlier this year.
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