Friday, July 7, 2017

L Brands starts summer on a down note

Victoria's Secret is casting a shadow on parent company L Brands.
L Brands said that net sales fell 6% to $1.21 billion for the five weeks ending period ending July 2. Total same-store sales fell 9%, worse than expected, dragged down by a 17% decline at Victoria's Secret. On the positive side, same-store sales rose 8% at Bath & Body Works.. . . more

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