Victoria's Secret & PINK in Carlsbad occupies The Shoppes at Carlsbad on El Camino Real, stocking the 1977-founded brand's lingerie, loungewear, activewear, beauty, and fragrance collections. Les Wexner acquired the brand from founder Roy Raymond for $1 million in 1982 and built it into America's largest lingerie retailer before the company spun off as Victoria's Secret & Co. (NYSE: VSCO) in August 2021 — a beauty and fragrance legacy that connects to the body-care assortment at Bath & Body Works on the same El Camino Real strip. The PINK sub-brand, launched in 2002, targets the collegiate demographic with graphic-logo loungewear, bralettes, and activewear that exceeded $1 billion in standalone annual sales within its first decade. The Carlsbad store carries the Body by Victoria and Bombshell fragrance lines alongside the full bra matrix spanning 30A through 40DDD in over a dozen construction types. Perfume and body-mist walls anchor the beauty section, sharing the El Camino Real fragrance corridor with the concentrated-scent specialists at Fragrance Outlet at Carlsbad Premium Outlets. The Bombshell eau de parfum, developed as a floral-woody blend of Italian lemon, purple passion fruit, and Shangri-La peony, has ranked among the top-selling women's fragrances in the United States since its 2010 launch.