×
313
Fashion Jobs
RJCUBE STAFFING SOLUTIONS
qa/qc- Garments-Woven/Knits For Garments Buying House, Noida
Permanent · Noida
NIKE
Information Security Risk Analyst (Grc) – Cis
Permanent · Bengaluru
RJCUBE STAFFING SOLUTIONS
qa/qc- Garments (Jersey, Etc) For Garments Buying House, Noida
Permanent · Noida
ZEN TECHNO ENGINEERING PVT LTD.
Production Manager
Permanent · Pune
ADIDAS
Manager Buying & Planning Operations
Permanent · GURUGRAM
ADIDAS
Product Owner Data Foundations
Permanent · GURUGRAM
ADIDAS
Senior Product Owner
Permanent · GURUGRAM
ADIDAS
Product Owner
Permanent · GURUGRAM
CROCS
Associate Demand Planner
Permanent ·
CROCS
HR Manager
Permanent ·
BRIDGING TALENTS
Quality Control Manager ii Retail Fashion Brand ii Jaipur / Bangalore
Permanent · Bengaluru
ALLEGIS GROUP
Opening For Sales Manager - Chennai & Kolkata
Permanent · Chennai
IDFC FIRST BANK
Opening For Area Sales Manager - Corporate Salary Mumbai
Permanent · Mumbai
TAKSHAKA INTERIORS
Req. Production Manager/Executive -Wood Furniture
Permanent · Gurugram
TATA AUTOCOMP
Opening For Production Head at Chinchwad Plant
Permanent · Pune
SKYNET OUTSOURCING SERVICES
Production Manager Api Industries-Bharuch,Ankelshwar Location
Permanent · Bharuch
THE BANYAN HR CONSULTS
Regional Sales Manager For Women's Wear Garments CO For Delhi & Ncr
Permanent · National Capital Region
PEOPLE ALLIANCE WORKFORCE
Quality Manager / Quality Head - Garments Manufacturing Company
Permanent · National Capital Region
NIKE
Senior Technical Product Manager, ed&a – Tpmo
Permanent · Bengaluru
RANDSTAD
Area Sales Manager
Permanent · Gurugram
3F INDUSTRIES
Technologist/Production Manager For Our Amino Acid Plant
Permanent · Chennai
3F INDUSTRIES
Chemical Technologist/Production Manager For Our (Cbg) Plant
Permanent · Chennai
Published
Jun 2, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

L Brands posts 5% decrease in May sales

Published
Jun 2, 2017

Victoria’s Secret parent company L Brands on Thursday reported a 5% decrease in May sales to $774.3 million and 7% decrease in comparable sales for the same period.  The exit of swim and apparel negatively impacted the total company and Victoria's Secret.
 

Birot


May marks L Brands’ fifth consecutive month of sales declines. The falling sales beg to question Victoria’s Secret supremacy in the lingerie market. A new report from Transparency Market Research found that the global lingerie market will grow to $55.83 billion by 2024, but what will Victoria’s Secret account for with consumers gravitating towards brands like Aerie?
 
L Brands’ restructuring is a major catalyst for the company’s sales decline. The exit of swim and apparel categories had a negative impact of 10 percentage points to the total company in May and a negative impact of 14 percentage points to Victoria’s Secret comparable sales for the same month.

In addition, L Brands reported a 6% decrease in net sales to $3.211 billion for the 17 weeks ended May 27, 2017, and a 9% decrease in comparable sales in the same period.
 
The decline in May sales follows the company’s 7% decrease in first quarter sales and a first quarter net income decrease to $94.1 million, or $0.33 per share, from $152.3 million, or $0.52 per share. The earnings did exceed expectations despite decreasing from the prior year.
 
As a result of the first quarter earnings performance, L Brands increased its 2017 earnings per share guidance from $3.05 to $3.35 to now $3.10 to $3.40. The company also expects the second quarter earnings per share to range between $0.40 and $0.45. 

Copyright © 2023 FashionNetwork.com All rights reserved.