LB News and Press, L Brands Inc. From 01/07/21

L Brands (NYSE: LB), parent company to Victoria’s Secret and Bath & Body Works, announced its same-store sales throughout the holiday season rose 5% in comparison to the 3% fall it experienced the prior year. Amid the ongoing pandemic consumers found themselves stocking...

L Brands (LB) report sales of $3.836B for the nine weeks ended January 2.Comparable sales increased 5% for the period. The strong holiday performance was led by the Bath & Body Works business, which saw comparable sales jump 17%.The company also notes that the merchandise margin rate...

COLUMBUS, Ohio, Jan. 07, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) reported net sales of $3.836 billion for the nine weeks ended Jan. 2, 2021, compared to net sales of $3.906 billion for the nine weeks ended Jan. 4, 2020. Comparable sales increased 5 percent for the nine weeks ende...

Tesla topped both the S&P 500 and Nasdaq 100 benchmark indexes for 2020, while Apple aced the Dow Jones Industrials, according to MarketWatch.com.The S&P 500 (SPY) rose 16.3% in 2020, and these are the top 20 S&P stocks for the year: [[TSLA]] +743%, [[ETSY]] +302%, [[NVDA]] +122%,...

"Reversion to the mean" and "momentum" are polar opposite concepts in market lore, with acolytes in either congregation loudly pledging their allegiance. The truth is, as it were, always in the middle as the same stocks keeping making a list of the year's top winners and losers, be it in slot...

COLUMBUS, Ohio, Dec. 21, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) has announced several key leadership appointments at Bath & Body Works. Julie Rosen has joined the business as President, and Deon Riley will join the business at the end of December as Chief Human Resources Off...

The apparel industry is expected to rebound next year, following significant declines in 2020, because consumer spending is expected to improve in the upcoming months as COVID-19 concerns abate. However, this rising tide will not lift all boats. Analysts at Goldman Sachs (GS) have identified ...

Stephen Mandel’s 13F portfolio value increased ~17% from $19.79B to $23.20B. The number of positions increased from 29 to 32. Lone Pine Capital added DocuSign and Square while reducing Booking Holdings and dropping Salesforce.com. They also increased Coupa Software. The top...

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Shares of L Brands (LB) are on the move as the company presents today at the Morgan Stanley Virtual Global Consumer & Retail Conference. After being in negative territory, L Brands is now up 0.55%. The company confirmed that it plans to work on separating the Bath & Body Works busines...