×
144
Fashion Jobs
PEEPAL HR ASSOCIATES (OPC) PVT LTD
Ceo Textile Business (Please Read The jd Before Applying)
Permanent · Hyderabad
VERUSCHKA
Social Media And PR Specialist
Permanent · MUMBAI
VERUSCHKA
E-Commerce Manager
Permanent · MUMBAI
H&M
E-Commerce Commercial Manager
Permanent · NEW DELHI
H&M
Area Facility Manager
Permanent · NEW DELHI
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Manager / in Charge - Production/Quality/Cutting - Garments Industry
Permanent · Bhiwandi
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
PUMA
Regional Sales Manager- Mbo (South)
Permanent · Bengaluru
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
Published
Jan 10, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

L Brands reports declining holiday revenues, trims Q4 guidance

Published
Jan 10, 2020

L Brands, Inc., the Columbus, Ohio-based owner of Victoria’s Secret and Bath & Body Works announced a decrease of 4.07% in sales over the holiday period on Thursday and cut its guidance for fourth-quarter earnings.


Victoria's Secret continued to drag down L Brands' performance over the holiday period - Instagram: @victoriassecret

 
In the nine-week period ended January 4, 2020, the company achieved net sales of $3.906 billion, down from the $4.072 billion reported in holiday 2018. Comparable sales for the period fell 3%.
 
Victoria’s Secret continued to be the main source of its parent company’s financial woes in November and December, posting a 12% decrease in comparable sales over the holiday period. These plummeting revenues were offset somewhat by an increase of 4% at Bath & Body Works.

Year to date, the company reported net sales of $12.113 billion, a decline of 2.76% compared to $12.457 billion in the prior-year period, while comparable sales for the 11-month period decreased 2%.
 
Here again, Bath & Body Works was left to pick up the slack with a 5% increase in comparable sales, against a 9% decrease at Victoria’s Secret.
 
Indeed, the iconic lingerie brand, which has failed to adapt to changing consumer attitudes, has continued to prove a problem for L Brands this fiscal year, posting consistently negative comps.
 
In light of its disappointing performance during the holiday period, L Brands has revised down its outlook for fourth-quarter earnings per share and now expects to report EPS of approximately $1.85, compared to its previous guidance of around $2.00.
 
Following the report of the company’s holiday sales results, L Brands stock was down 1.4% in premarket trading on Thursday.

Copyright © 2022 FashionNetwork.com All rights reserved.