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

Join Cotton Incorporated, Lectra, Accelerating Circularity, Public Habit and more on July 15 for Sourcing Journal's virtual Sustainability FAQs workshop to pull back the curtain on the circularity, traceability, net zero and inventory reduction concepts that could transform your business.

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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