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L Brands November net sales soar 9 percent

Business

L Brands November net sales soar 9 percent

By Prachi Singh

Dec 5, 2014

REPORT_ L Brands reported net sales of 1.078 billion dollars for the four weeks ended November 29, 2014, an increase of 9 percent, compared to net sales of 988.5 million dollars for the four weeks ended November 30, 2013. Comparable store sales increased 8 percent.

The company reported net sales of 8.464 billion dollars for the 43 weeks ended November 29, 2014, an increase of 7 percent compared to net sales of 7.944 billion dollars for the 43 weeks ended November 30, 2013. Comparable store sales increased 4 percent during the period.

L Brands retails Victoria's Secret, Pink, Bath & Body Works, La Senza and Henri Bendel through 2,975 company-owned specialty stores in the United States, Canada and the United Kingdom, and its brands are sold in about 600 additional franchised locations worldwide.