Victoria's Secret's annual fashion show is scheduled for Thursday in New York and will be on TV in December. But Jefferies analysts said the show won't have much of an audience. "VS pricing power has been permanently impaired," said Jefferies analyst Randal Konik, a long-time bear on Victoria's Secret and its owner L Brands. Watch L Brands trade live. Victoria's Secret upcoming fashion show will be a reminder of how unpopular the brand is, Jefferies says. The lingerie retailer's annual fashion show is set for Thursday in New York, where the show firstly started in 1995.