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L Brands June net sales increase 7 percent

By Prachi Singh

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Business |REPORT

L Brands reported net sales increased 7 percent to 1.296 billion dollars for the five weeks ended July 2, 2016, compared to net sales of 1.207 billion dollars for the five weeks ended July 4, 2015. Comparable sales for the period increased 6 percent.

The company reported net sales of 4.727 billion dollars for the 22 weeks ended July 2, 2016, an increase of 5 percent compared to net sales of 4.518 billion dollars for the 22 weeks ended July 4, 2015. Comparable sales for the period increased 3 percent.

L Brands, through Victoria’s Secret, PINK, Bath & Body Works, La Senza and Henri Bendel, operates 3,045 company-owned specialty stores in the United States, Canada, the United Kingdom and Greater China, and its brands are sold in more than 700 additional franchised locations worldwide.

picture: victorias secret

L BRANDS