US-based L Brands Inc. has released its financial results for the month of November 2016. The company witnessed a surge of 7 per cent in net sales to US $ 1.246 billion compared to US $ 1.169 billion last year.
The apparel retailer’s comparable sales increased 4 per cent for the month of November. As per the press release, in the period of 43 weeks, L Brands generated net sales of US $ 9.331 billion, up by 5 per cent as against US $ 8.928 billion in the corresponding period previous year. Additionally, comparable sales also hiked 3 per cent in the period under review.
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L Brands owns labels like Victoria’s Secret, PINK, Bath & Body Works, La Senza and Henri Bendel. The company operates 3,085 specialty stores in the United States, Canada, the United Kingdom and Greater China, and its brands are sold in more than 700 additional franchised locations worldwide.
