The company reported net sales of $10.042 billion for the 48 weeks ended Jan. 4, 2014, an increase of 6 percent compared to net sales of $9.472 billion for the 48 weeks ended Dec. 29, 2012. The company reported a comparable store sales increase of 2 percent for the 48 weeks ended Jan. 4, 2014, compared to the 48 weeks ended Jan. 5, 2013.
The company now expects fourth quarter earnings per share of approximately $1.60, compared to its previous forecast of $1.67 to $1.82. The decrease versus its previous forecast is primarily the result of lower than forecasted merchandise margins due to incremental promotional activity.
About L Brands:
L Brands, through Victoria's Secret, Pink, Bath & Body Works, La Senza and Henri Bendel, is an international company. The company operates 2,659 specialty stores in the United States and its brands are sold in about 800 company-operated and franchised additional locations world-wide.
Fashion | On 28th Jul 2016
Montreal-based family apparel marketer Gildan Activewear Inc....
Information Technology | On 28th Jul 2016
E-commerce has the potential to add 12 million of the 80 million new...
Ozone PB Spintex Limited
‘We have made huge investments to ensure quality yarn production.’
Max Fashion India
‘Traditional high-street retailers are now willing to offer franchisees to ...
Bolger & O'Hearn
‘The Indian market is interesting and rather persistent in seeking new...
The Indian market has huge potential in technical textiles, and by far,...
Bombay Textile Research Association
Bombay Textile Research Association (BTRA) is a leading name in textile...
Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...