The Secret is out! On Thursday, E! News reported that Victoria’s Secret has confirmed that its annual supermodel-studded Fashion Show will not go on as planned. Longtime VS angel Shanina Shaik said as much in July after last year’s show sunk to its lowest TV ratings of all time.

E! notes that Victoria’s Secret continues to struggle with declining lingerie sales “as consumers turn to more outwardly inclusive brands like Rihanna’s Savage x Fenty, Aerie and ThirdLove.”