366
Fashion Jobs
SHISEIDO
FP&A Manager (Korean Only)
Permanent · SEOUL
AESOP
Aesop Hanam Starfield - Retail Consultant
Permanent · HANAM-SI
ADIDAS
Senior Specialist, Buying & Trading, E-Commerce
Permanent · SEOUL
ADIDAS
Manager, Personalization & Apps, E-Commerce
Permanent · SEOUL
ADIDAS
Senior Manager, Legal Counsel, Legal
Permanent · SEOUL
HENKEL
Finance Business Controller For Shiseido Professional Brand
Permanent ·
L'OREAL GROUP
[l'Oreal Korea] Kiehl's - CRM & Trade Mkt sr. Specialist~Manager
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (jr.) Claim Substantiation Specialist - Corporate Regulatory Affairs
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (sr.) Product Manager - Kerastase Marketing Team, Ppd
Permanent · SEOUL
UNDER ARMOUR
Associate, HR Administration
Permanent · SEOUL
ARKET
Visual Merchandising Manager
Permanent · BUSAN
PUIG
Marketing Manager
Permanent · SEOUL
JAEGER
[Jaeger Lecoultre] Marketing & Communication Director
Permanent · SEOUL
ESTÉE LAUDER COMPANIES
Corporate Account Executive For Travel Retail Korea, Estee Lauder Companies
Permanent ·
ESTÉE LAUDER - BRAND
Assistant Education Manager, Estee Lauder
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] Luxe Div. - Lancome E-Commerce Specialist
Permanent · SEOUL
COS
Instore Visual Merchandiser Manager_seoul/Gyeonggi
Permanent · SEOUL METROPOLITAN AREA
AESOP
Shinsegae Gwangju - Retail Consultant
Permanent · GWANGJU
COACH
Manager, Ecommerce
Permanent · SEOUL
ADIDAS
Manager, Business Planning & Analysis, Wholesales
Permanent · SEOUL
HENKEL
Adhesive Key Account Manager For Sports And Fashion Market
Permanent · BUSAN
HENKEL
Consumer Brands General Manager Assistant
Permanent ·
Published
Apr 13, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

L Brands net sales up 7% in March

Published
Apr 13, 2018

Columbus, Ohio-based fashion group L Brands, Inc., owner of Victoria’s Secret, PINK, Bath & Body Works, La Senza and Henri Bendel, released its March 2018 sales data on Thursday, reporting mid-single-digit increases in both net sales and comps.
 

L Brands saw a 7% increase in net sales in March - Instagram: @victoriassecret


Net sales rose 7% to $1.020 billion in the five-week period ended April 7, 2018, compared to the same period in the previous year, when sales totaled $951.4 million. Comparable sales increased 4% compared to the prior year period.

In the nine weeks ended April 7, 2018 net sales came to $1.874 billion, a 9% increase compared to the $1.717 billion reported for the same period in 2017. Comparable sales, on the other hand, rose 3% compared to the nine-week period ended April 1, 2017.

While the group’s sales grew from $12.574 billion to $12.632 billion in fiscal 2017, comps fell 3%, a disappointing performance that L Brands attributed to its Victoria’s Secret brand, whose results were still suffering from its exit from the swimwear and apparel categories in 2016.

Net income for 2017 fell to $983.0 million, compared to $1.158 billion in 2016, and the company issued a disappointing outlook for the first quarter of 2018, predicting earnings per share between $0.15 and $0.20.
 
Since then, the group saw net sales rise 11.5% in February, with Victoria’s Secret experiencing a slight recovery and reporting a 2% increase in sales.

It was also revealed last month that Leslie H. Wexner, CEO and founder of L Brands, had taken a $9 million salary hit in line with the company’s disappointing results in 2017, bringing his total remuneration for the year down to $5.7 million, well below the median CEO compensation among the company’s peers.

L Brands has maintained its previously mentioned guidance for Q1 2018.

Copyright © 2024 FashionNetwork.com All rights reserved.