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

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

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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