L Brands Inc., the parent of Victoria’s Secret, raised its fourth-quarter profit outlook that covers the holiday shopping season, boosted by strong January sales.
L Brands, the company behind Victoria’s Secret and Bath & Body Works, said Thursday that its sales rose during the critical holiday shopping season.
L Brands, whose brands include Victoria’s Secret, Bath & Body Works and others, said that sales at stores open at least a year rose 8 percent in November. This easily topped analysts’ estimates.
L Brands Inc. rose in late trading after the retailer increased its third-quarter profit forecast.
LONDON, United Kingdom — Victoria’s Secret lost a trademark dispute with a chain of shirt stores when a London judge said the lingerie brand’s “Pink” clothing line could confuse customers with its “sexy, mass-market appeal.”
The market for lingerie is dominated by a single player: Victoria’s Secret. Now, a crop of new start-ups are targeting the space.
COLUMBUS, United States — L Brands Inc., the owner of Victoria's Secret and Bath & Body Works, said profit in its latest quarter increased 10 percent on stronger sales.
NEW YORK, United States — The lingerie chain, part of L Brands Inc., last year rolled out a new line of sports bras, including push-up varieties that let women show off their cleavage at the gym. The move was part of an increasing focus on activewear clothes, such as butt- enhancing workout pants and training shorts.
LONDON, United Kingdom — London is getting a new fashion extravaganza — the Victoria's Secret Show, which will take place for the first time in the British capital this year.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
NEW YORK, United States — Shoppers last month continued to pinch their pennies, seeking out bargains and paying fewer visits to stores. They also were unnerved by slumping stock markets and impeded from shopping by an unusually cold and snowy January that, because of high heating bills, could hurt retail sales well into the spring, analysts said.
COLUMBUS, United States — L Brands, the owner of Victoria's Secret, Bath & Body Works and other retailers, said Thursday its January revenue at stores open at least a year rose 9 percent, easily beating Wall Street predictions.