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- Raymond opened the first Victoria's Secret store at the Stanford Shopping Center in Palo Alto, California. Raymond was inspired to start Victoria's Secret after feeling embarrassed purchasing lingerie for his wife in a department store. To open the store, he borrowed $40,000 from a bank and $40,000 from his family.
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He created a personality when he created his store, one that men were drawn to. In 1977, with $40,000 in savings and another $40,000 in loans from family, Raymond and his wife set up the first...
Raymond was inspired to start Victoria's Secret after feeling embarrassed purchasing lingerie for his wife in a department store. To open the store, he borrowed $40,000 from a bank and $40,000 from his family. Roy and Gaye Raymond worked together to design and launch the first store with a Victorian-inspired style.
Sep 2, 1993 · He opened his first Victoria's Secret shop, which specialized in lingerie, 16 years ago in the Stanford Shopping Center with a $40,000 bank loan and $40,000 borrowed from relatives. The company...
Nov 13, 2013 · Within five years of founding Victoria's Secret, Raymond had opened three more stores in San Francisco. By 1982, the company had annual sales of more than $4m – yet something in Raymond's...
- Naomi Barr
Jun 2, 2021 · That uncomfortable feeling and the guilt that other men likely felt inspired him to create a lingerie store where men would feel as comfortable shopping as women. In 1977, Raymond created a store he called Victoria's Secret by taking out an $80,000 bank loan and setting up shop in a Stanford mall.
- Hope Campbell
Victoria's Secret was founded by Roy Raymond, and his wife, Gaye Raymond, on June 12, 1977. The first store was opened in the Stanford Shopping Center in Palo Alto, California. Years earlier, Raymond was embarrassed when purchasing lingerie for his wife at a department store.
Jan 22, 2024 · Under Roy Raymond’s astute leadership, Victoria’s Secret quickly transformed from its humble beginnings in Palo Alto to a burgeoning retail chain. This expansion was not just a result of increasing the number of store locations, but also due to Raymond’s strategic vision for the brand.
