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Victoria’s Secret says it’s ‘encouraged’ by May sales, but is staying cautious amid subdued spending

Victoria’s Secret says it’s ‘encouraged’ by May sales, but is staying cautious amid subdued spending
Victoria’s Secret & Co. on Wednesday said it was “encouraged” by demand for its bras, sleepwear and other clothing in May, but the company said it was exercising restraint amid continued caution more broadly among the U.S. consumer.