The company has reported that their same-store sales have grown by as much as 5 per cent over the holiday period.
L Brands, Inc. has reported net sales of $3.836bn for the nine weeks ended January 2, compared to net sales of $3.906bn for the nine weeks ended January 4, 2020. Comparable sales increased 5 per cent for the nine week period.
Andrew Meslow, Chief Executive Officer of L Brands and Bath & Body Works, said “We are very pleased with our Holiday results, which significantly exceeded our initial expectations, driven by an increase in profitability at both Bath & Body Works and Victoria’s Secret. In this challenging environment, we maintained our focus on customer and associate safety and delivered exceptional execution.”
