Thu, May 21, 4:37 PM
Wed, May 20, 4:05 PM
Tue, May 19, 5:35 PM
Thu, May 7, 11:37 AM
- L Brands (NYSE:LB) announces comparable-store sales fell 1% in April.
- The calendar shift of Easter impacted sales results by four full percentage points.
- The comp for Victoria's Secret was flat during the month.
- Total company sales were up 5% to $2.512B for the 13 weeks ending May 2.
- L Brands lifts its view of Q1 EPS to $0.58-$0.60 from $0.50-$0.55.
Wed, Apr. 15, 1:13 PM
- Piper Jaffray corralled over 6K teenagers to take a pulse on the consumer spending trends of the demographic.
- The group had a slightly higher rate of part-time employment than a year ago and continued to show a strong preference for online shopping.
- Standouts brands with teenagers include Lululemon (NASDAQ:LULU), MAC Cosmetics (NYSE:EL), Victoria's Secret (NYSE:LB), Nike (NYSE:NKE), Ralph Lauren (NYSE:RL), Urban Outfitters (NASDAQ:URBN), privately-held Forever 21, and Michael Kors (NYSE:KORS).
- Vineyard Vines continues to be a teen favorite as it slices off a larger piece of the teen spending pie. The privately-held company is up to 48 stores and 97 retail locations.
- Department store chains didn't resonate particularly with the teenager crowd in the Piper survey.
Mon, Apr. 13, 12:10 PM
- The New York attorney general's office is looking into a number of retail chains over the trend of on-call shifts, according to Reuters.
- The companies are being asked to send information on their policies of last-minute scheduling changes for employee shifts and the costs saved from the disruptive practice.
- Williams-Sonoma (WSM +1.1%), Urban Outfitters (URBN +0.7%), Burling Coat Factory (BURL +0.8%), L Brands (LB -0.2%), and TJX Companies(TJX +0.1%) are among the retailers in receipt of a letter from the New York AG requesting information.
Thu, Apr. 9, 7:09 AM
- L Brands (NYSE:LB) reports comparable-store sales rose 9% in March.
- The early timing of Easter was a positive factor the the company.
- Victoria's Secret, Bath & Body Works, and L Brands all put up a 9% comp during the month.
- The retail chain added a net 3 stores from January 31 to April 4 to end the period with 2,972 stores.
Mon, Apr. 6, 6:54 AM
Tue, Mar. 24, 7:48 AM
- Topeka Capital Markets initiates coverage on L Brands (NYSE:LB) with a Buy rating.
- The bullish call arrives with L Brands just off all-time highs after gaining 59% over the last 52 weeks.
- The retailer reported strong sales in February across brands.
- Previously: L Brands sales call: Margin improvement across brands (Mar. 05 2015)
- Previously: L Brands same-store sales: +6% (Mar. 05 2015)
Thu, Mar. 5, 11:46 AM
- A strategic decision made by L Brands (LB +0.6%) on merchandise transport appears to be paying off.
- The Columbus Dispatch noted that the company opted several years ago to ship by air in a move aimed at helping it adjust on the fly to fashion preference shifts.
- Due to the strategy, L Brands has avoided many of the problems with winter and spring inventory linked to the port disruption on the West Coast.
- Victoria's Secret CEO Sharen Turney on the issue: "We were fortunate that we bypassed all the west coast strikes because we made decisions to air everything."
- L Brands has also caught a break recently with some global fast-fashion companies backing off of their aggressive U.S. expansion plans.
- Previously: L Brands same-store sales: +6%
- Previously: L Brands sales call: Margin improvement across brands
- Earnings call transcript
Thu, Mar. 5, 8:07 AM
- Shares of L Brands (NYSE:LB) are on watch after February same-store sales come in at +6% vs. +4.9% consensus estimate.
- On a prerecorded sales call, management said merchandise margins were up across brands.
- The Victoria's Secret comp was up 7%.
- The transition to the spring collection is going well. No mention of a negative impact from the West Coast port issue.
- An early Easter should have a meaningful impact on March comps, tip execs.
- Previously: L Brands same-store sales: +6%
Thu, Mar. 5, 7:08 AM
Wed, Feb. 25, 4:15 PM
- L Brands (NYSE:LB) reports comparable-store sales rose 6% in Q4.
- Comp sales by brand: Victoria's Secret +4%, Bath & Body Works +8%, L Brands +6%, Victoria's Secret Direct -2%.
- Operating income +12% Y/Y to $1.953B.
- Company-owned store count +8 Y/Y to 1,646.
- Franchise store count +62 to 650.
- Guidance: L Brands expects 2015 EPS of $3.45-$3.65 vs. $3.83 consensus.
- LB -1.48% after hours.
Wed, Feb. 25, 4:11 PM
Tue, Feb. 24, 5:35 PM
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Wed, Feb. 18, 2:09 PM
- JPMorgan sees a bounce in retail sales over the next two quarters as stronger employment rates and lower gas prices underpin demand.
- A screen by JP dug out the 12 stocks which show the largest correlation with headline retail sales growth.
- A dozen to watch in retail: GM, F, COH, SBUX, BWA, DLPH, VFC, IPG, LB, OMC, TSCO, HOG
LB vs. ETF Alternatives
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