
The Columbus, Ohio-based fashion retailer announced declining sales and widening losses for the third quarter on Wednesday, and has now confirmed that this year’s Victoria’s Secret Fashion Show will not be taking place.
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The Columbus, Ohio-based fashion retailer announced declining sales and widening losses for the third quarter on Wednesday, and has now confirmed that this year’s Victoria’s Secret Fashion Show will not be taking place.
Despite a strong first quarter, L Brands second-quarter results fell short on Wednesday, as the company's struggling Victoria’s Secret brand continued to drag down overall sales.
Grupo Axo, which holds the license to distribute fashion brands including Victoria’s Secret, Nike and Calvin Klein in Mexico, has entered into various agreements to acquire ecommerce retailer Privalia Mexico.
L Brands Inc. beat Wall Street’s revenue and earnings expectations for the first quarter 2019, sending its shares to rise nearly 11 percent in aftermarket trading on Wednesday.
The annual Victoria’s Secret fashion show, known for its jewel-encrusted bras and supermodels sporting huge angel wings, is bidding farewell to network television.
L Brands said on Thursday activist investor Barington Capital has agreed to withdraw its proposed board nominees and instead will serve as a special adviser as part of an agreement with the company.
Following Barrington Capital’s suggestion on Tuesday that L Brands separate its Victoria's Secret and Bath & Body Works brands, the retailer has issued a statement detailing its efforts to improve its performance.
Activist investor Barington Capital on Tuesday urged L Brands to separate its Victoria's Secret and Bath & Body Works businesses, in an effort to turn around the struggling consumer brands owner.
The Victoria’s Secret parent company reported dips in Q4 and full-year 2018 earnings on Wednesday and announced a disappointing outlook for 2019, leading shares in the company to tumble more than 8% in extended trading.
The Victoria's Secret parent company reported a comparable sales drop (stores and direct) of 1 percent in January, driven by an 7 percent drop in store-only comps.