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L Brands February net sales down 10 percent

By Prachi Singh

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Business

L Brands reported net sales of 765.5 million dollars for the four-week period ended February 25, 2017, a decrease of 10 percent compared to 849.3 million dollars for the four-week period ended February 27, 2016.

Comparable sales for the month under review decreased 13 percent. For February, L Brands said, the exit of the swim and apparel categories had a negative impact of 6 percentage points and 8 percentage points to total company and Victoria’s Secret comparable sales, respectively.

Picture:Victoria's Secret

L BRANDS