Monday, August 24, 2020

L Brands warns that the holidays could be tough this year

Retail Dive
With most stores reopened after closing due to the pandemic, Victoria's Secret weighed down L Brands in the second quarter, when net sales fell 20% to $2.3 billion. Bath & Body Works sales rose 13%, thanks to 191% growth in e-commerce, with sales at company-owned stores in the U.S. and Canada falling 23%. Victoria's Secret sales fell 39%, with sales at the company-owned stores falling 70% and e-commerce up 65%.. . . more