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Q4FY17 net sales at apparel marketer L Brands rises 2%
04 Feb '17
1 min read
For the three months period ended January 28, 2017, net sales at apparel marketer L Brands rose 2 per cent to $4.489 billion as against $4.395 billion for the quarter ended January 30, 2016, while comparable sales were flat. In the fourth quarter of fiscal 2017, the exit of the swim category had a negative impact of 2 percentage points on total sales.
For the fiscal ended January 28, L Brands reported net sales at $12.574 billion, up 3 per cent compared to $12.154 billion in fiscal ended January 30, 2016, while comparable sales grew 2 per cent.
The exit of the swim and apparel categories had a negative impact of 2 percentage points and 3 percentage points to fiscal 2017 total company sales and Victoria’s Secret comparable sales, respectively.
For the fiscal ended January 28, L Brands reported net sales at $12.574 billion, up 3 per cent compared to $12.154 billion in fiscal ended January 30, 2016, while comparable sales grew 2 per cent.
The exit of the swim and apparel categories had a negative impact of 2 percentage points and 3 percentage points to fiscal 2017 total company sales and Victoria’s Secret comparable sales, respectively.
Fibre2Fashion News Desk – India
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