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As Victoria’s Secret Sales Fall 39% In Q2, L Brands Hopes for Early Holiday Start

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Consistent with expectations disclosed in the company’s July 28 business update, net sales for L Brands were $2.3 billion for the quarter ended Aug. 1, a decrease of 20 percent compared to sales of $2.9 billion in the year-ago quarter. However, the sales numbers outperformed estimates from Refinitiv-polled analysts, who expected sales of $2.2 billion….

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