The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

L Brands November Sales Rise 8%

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.

Victoria's Secret 'Fearless' 2014 campaign | Source: Victoria's Secret

Associated Press

04 December 2014

OHIO, United States — L Brands, whose brands include Victoria's Secret, Bath & Body Works and others, said Thursday that sales at stores open at least a year rose 8 percent in November. This easily topped analysts' estimates.

Analysts surveyed by Thomson Reuters predicted a 4.6 percent increase in the figure.

Sales at stores open at least a year is a key indicator of a retailer's health because it excludes results from stores recently opened or closed.

Total sales for the four weeks ended Nov. 29 climbed 9 percent to $1.08 billion.

For the year to date, L Brands Inc. said that sales at stores open at least a year increased 4 percent. Total sales rose 7 percent to $8.46 billion.

L Brands is based in Columbus, Ohio. Its other brands include Pink, La Senza and Henri Bendel. The company runs 2,975 company-owned specialty stores in the U.S., Canada and the U.K. Its brands are also sold in about 600 additional franchised locations worldwide.

In This Article

Topics

Financial Markets

Organisations

Location

Ohio, United States

The Best of BoF 2023: Diversity’s Litmus Test

In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.

The Year Ahead: The Future of Fashion Deal-Making

For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.

Birkenstock Could Break Fashion’s IPO Logjam

A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.

The Investment Giant Behind Some of Fashion’s Biggest Deals

L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.