Hints and tips:
...Next has generally avoided major forays outside the UK, citing the management time and investment required to build store estates and brand awareness....
...Victoria’s Secret has struggled to adapt....
...Given Blackstone’s emerging brand, Fink and Schlosstein decided to hitch their ride to it, naming their new company Blackstone Financial Management (BFM)....
...closed most of its 1,600 Victoria’s Secret stores and began laying off workers or cutting their pay....
...The embattled Victoria’s Secret owner L Brands is recovering from a derailed deal with Sycamore Partners. Even as storefronts re-emerge from lockdown, many are unable or unwilling to pay rent....
...s Secret, Macy’s and other out-of-favour retail brands are also among its largest tenants....
...Tens of thousands of retail workers are already being furloughed without pay at Victoria’s Secret owner L Brands, while Macy’s warned its workforce of about 125,000 on Monday that it was unclear when stores...
...High-end brands like Joseph Altuzarra, La Perla, and Roland Mouret have joined since....
...Its same-store sales fell 6 per cent in 2018 following an 8 per cent slide the previous year and in February the company said it was shuttering more than 50 Victoria’s Secret stores in North America this...
...The FTSE 100’s best performer year to date has been JD Sports....
...Earnings this week are forecast to confirm financial pressures on companies including department store chain JC Penney, where annual net losses are forecast to widen to $300m, and L Brands, owner of Victoria...
...Among the losers were Victoria’s Secret owner L Brands, which also posted weak holiday shopping revenues. Its shares fell 4.4 per cent....
...Among other laggards, Victoria’s Secret-owner L Brands, also mall-based, posted a dip in net revenues for the festive season....
...Shares in L Brands, owner of the troubled lingerie brand Victoria’s Secret, tumbled 18 per cent after the company halved its annual dividend following the market’s close on Monday....
...The steepest cuts have been endured by companies that are seen to be struggling, such as department store operator JC Penney and Victoria’s Secret-owner L Brands....
...Same-store sales at Victoria’s Secret fell 1 per cent in the five weeks to December. Stripping out online sales, the decline was steeper — some 6 per cent — at the brand’s brick and mortar stores....
...Meanwhile other retailers, such as Victoria’s Secret owner L Brands, have continued to tumble, losing 20 per cent since the start of the year....
...The heavy investment in Japan is part of a global push to expand its position in clothes, underscored by the hiring of former Victoria’s Secret executive Christine Beauchamp as president of fashion last...
...Victoria’s Secret owner L Brands climbed more than 3 per cent, while Signet Jewelers, the Gap and Amazon gained more than 1 per cent....
...Newell Brands, the maker of Rubbermaid products and Victoria’s Secret parent L Brands are both at the bottom — down more than 15 per cent....
...“Historically they said: ‘We have the secret sauce and we will sprinkle the holy water in every country.’ The current management approach is very different....
...Within this, department store operators Nordstrom and Macy’s both added more than 1 per cent while Gap was up 0.6 per cent and Victoria’s Secret owner L Brands advanced 0.9 per cent....
...Separately, shares of Victoria’s Secret owner L Brands rose 3.4 per cent to $37.46 on Friday after the company said same-store sales fell 4 per cent in August, in-line with Wall Street forecasts....
...It has been trying to make itself more valuable to brands by rolling out new opportunities, such as sponsored playlists, which brands including Disney Pixar and Victoria’s Secret have participated in...
...“We like the improvement in Victoria’s Secret comp and merchandise margin and expect same-store sales to continue to improve,” said Susan Anderson, an analyst with FBR Capital Markets....
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