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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| L Brands Inc | NYSE:LB | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 79.92 | 0 | 01:00:00 |
From May 2019 to May 2024
By Colin Kellaher
L Brands Inc. (LB) on Thursday said it will pursue all alternatives for its La Senza lingerie and intimate-apparel chain as it focuses on its larger core businesses.
The Columbus, Ohio, parent of Victoria's Secret and Bath & Body Works said La Senza has 126 company-owned stores in North America and 188 noncompany-owned international stores.
L Brands last month said it would close Henri Bendel, the specialty retailer known for its signature brown-and-white bags, after the holiday season.
L Brands said it expects La Senza will post an operating loss of $40 million on revenue of about $250 million in 2018.
Shares of L Brands, which closed Wednesday at $28.52, rose about 4% to $29.65 in premarket trading Thursday.
Also Thursday, L Brands said comparable sales rose 5% in September, while total sales for the five-week period ended Oct. 6 rose 8% to $1.06 billion.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 11, 2018 08:13 ET (12:13 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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