LB News and Press, L Brands Inc. From 03/19/20

A variety of apparel and footwear stocks are dramatically higher as investors react to green shoots of consumer activity in China. More news on: G-III Apparel Group, Ltd., Lululemon Athletica Inc., Capri Holdings Limited, Consumer stocks news, Stocks on the move, Read more ...

Last month, retailer L Brands (NYSE: LB) reduced its exposure to the lingerie market by selling a 55% stake in Victoria's Secret to private equity firm Sycamore Partners. L Brands still held onto a 45% interest in VS, though -- and now that's looking like that might have been a mistake. I...

Shares of L Brands (NYSE: LB) were sharply lower in midday trading on Tuesday, after the company said that it will temporarily close stores and draw down a line of credit in response to the coronavirus outbreak. As of 1 p.m. EDT, L Brands' shares were down about 17% from Monday's closing pr...

L Brands (NYSE: LB ) will temporarily close all Bath & Body Works, Victoria’s Secret and PINK stores in the United States and Canada, effective March 17 through March 29, 2020. More news on: L Brands, Inc., Consumer stocks news, , Stocks on the move, Read more ...

COLUMBUS, Ohio, March 17, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced a number of actions in response to the continued spread of novel coronavirus (COVID-19). Store Closures and Remote Work With the wellbeing of its customers, associates and communities as its ...

Shares of retailers Ulta Beauty (NASDAQ: ULTA) , L Brands (NYSE: LB) , and Designer Brands (NYSE: DBI) were all hit hard in Monday's marketwide sell-off, as investors came to terms with the likelihood that retail shopping in the U.S. and Europe will likely come to a near-halt soon due ...

The mall sector is being hammered after store closings by Nike ( NKE -6.6% ), Patagonia, Apple, Urban Outfitters ( URBN -10% ) and Abercrombie & Fitch ( ANF -15.6% ) were announced. Other chains are reducing their hours. More news on: NIKE, Inc., Urban Outfitters, Inc., Abercro...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Stitcher and Spotify . Volatility is returning to Wall Street after the major averages suffered their worst sessions since the "Black Monday" market cras...

COLUMBUS, Ohio, March 12, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced the appointment of Sarah E. Nash as Chair of the Board of Directors, effective upon the close of the transaction to sell a majority interest in Victoria’s Secret to Sycamore Partners. As prev...

Investors are selling off retail stocks on a lack of confidence in near-term consumer spending and a more pessimistic view of the economy for the balance of the year. More news on: Tailored Brands, Inc., Nordstrom, Inc., Designer Brands Inc., Consumer stocks news, Stocks on the move Rea...