The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Shares of the Victoria’s Secret and Bath & Body Works parent company rose in after-hours trading following its fourth quarter earnings report, in which the retailer beat analyst projections.
L Brands’ overall fourth-quarter revenue totaled $4.82 billion, an increase from $4.71 billion in the year prior. Same-store sales for the quarter increased 10 percent overall, reflecting a 22 percent increase for Bath & Body Works and a 3 percent decline for Victoria’s Secret. The mall retail company also beat predictions on earnings per share.
According to a recent New York Times report, L Brands is continuing its search for a new owner for Victoria’s Secret after a deal with private equity firm Sycamore Partners fell apart last year.
As the German sportswear giant taps surging demand for its Samba and Gazelle sneakers, it’s also taking steps to spread its bets ahead of peak interest.
A profitable, multi-trillion dollar fashion industry populated with brands that generate minimal economic and environmental waste is within our reach, argues Lawrence Lenihan.
RFID technology has made self-checkout far more efficient than traditional scanning kiosks at retailers like Zara and Uniqlo, but the industry at large hesitates to fully embrace the innovation over concerns of theft and customer engagement.
The company has continued to struggle with growing “at scale” and issued a warning in February that revenue may not start increasing again until the fourth quarter.