COLUMBUS, Ohio, Dec. 5, 2013 /PRNewswire/ -- L Brands, Inc.
(NYSE: LB) reported net sales of $988.5
million for the four weeks ended Nov.
30, 2013, compared to net sales of $922.0 million for the four weeks ended
Nov. 24, 2012. The company
reported a comparable store sales decrease of 5 percent for the
four weeks ended Nov. 30, 2013,
compared to the four weeks ended Dec.
1, 2012.
The company reported net sales of $7.944
billion for the 43 weeks ended Nov.
30, 2013, an increase of 6 percent compared to net sales of
$7.525 billion for the 43 weeks ended
Nov. 24, 2012. The company
reported a comparable store sales increase of 2 percent for the 43
weeks ended Nov. 30, 2013, compared
to the 43 weeks ended Dec. 1, 2012.
To hear further commentary provided on L Brands' prerecorded
November sales message, call 1-866-639-7583 (1-866-NEWS-LTD), or
log onto www.Limitedbrands.com for an audio replay.
ABOUT L BRANDS:
L Brands, through Victoria's Secret,
Pink, Bath & Body Works, La Senza and Henri Bendel, is an international company.
The company operates 2,660 specialty stores in the United States and its brands are sold in
about 800 company-operated and franchised additional locations
world-wide. The company's products are also available online
at www.VictoriasSecret.com, www.BathandBodyWorks.com,
www.HenriBendel.com and www.LaSenza.com.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995
L Brands, Inc. cautions that any
forward-looking statements (as such term is defined in the Private
Securities Litigation Reform Act of 1995) contained in this press
release or the November sales call involve risks and uncertainties
and are subject to change based on various factors, many of which
are beyond our control. Accordingly, our future performance and
financial results may differ materially from those expressed or
implied in any such forward-looking statements. Words such as
"estimate," "project," "plan," "believe," "expect," "anticipate,"
"intend," "planned," "potential" and any similar expressions may
identify forward-looking statements. Risks associated with the
following factors, among others, in some cases have affected and in
the future could affect our financial performance and actual
results and could cause actual results to differ materially from
those expressed or implied in any forward-looking statements
included in this press release or the November sales call:
- general economic conditions, consumer confidence, consumer
spending patterns and market disruptions including severe weather
conditions, natural disasters, health hazards, terrorist
activities, financial crises, political crises or other major
events, or the prospect of these events;
- the seasonality of our business;
- the dependence on a high volume of mall traffic and the
possible lack of availability of suitable store locations on
appropriate terms;
- our ability to grow through new store openings and existing
store remodels and expansions;
- our ability to successfully expand into global markets and
related risks;
- our relationships with independent licensees and
franchisees;
- our direct channel businesses;
- our failure to protect our reputation and our brand
images;
- our failure to protect our trade names, trademarks and
patents;
- the highly competitive nature of the retail industry generally
and the segments in which we operate particularly;
- consumer acceptance of our products and our ability to keep up
with fashion trends, develop new merchandise and launch new product
lines successfully;
- our ability to source, distribute and sell goods and materials
on a global basis, including risks related to:
- political instability;
- duties, taxes and other charges;
- legal and regulatory matters;
- volatility in currency exchange rates;
- local business practices and political issues;
- potential delays or disruptions in shipping and transportation
and related pricing impacts;
- the disruption of production or distribution by labor disputes;
and
- changing expectations regarding product safety due to new
legislation;
- stock price volatility;
- our failure to maintain our credit rating;
- our ability to service or refinance our debt;
- our ability to retain key personnel;
- our ability to attract, develop and retain qualified employees
and manage labor costs;
- the inability of our manufacturers to deliver products in a
timely manner and meet quality standards;
- fluctuations in product input costs;
- fluctuations in energy costs;
- increases in the costs of mailing, paper and printing;
- claims arising from our self-insurance;
- our ability to implement and maintain information technology
systems and to protect associated data;
- our failure to comply with regulatory requirements;
- tax matters; and
- legal and compliance matters.
We are not under any obligation and do not intend to make
publicly available any update or other revisions to any of the
forward-looking statements contained in this press release or the
November sales call to reflect circumstances existing after the
date of this report or to reflect the occurrence of future events
even if experience or future events make it clear that any expected
results expressed or implied by those forward-looking statements
will not be realized. Additional information regarding these
and other factors can be found in "Item 1A. Risk Factors" in our
2012 Annual Report on Form 10-K.
L
BRANDS NOVEMBER 2013
|
|
Comparable Store
Sales Increase (Decrease):
|
|
|
November
2013
|
|
November
2012
|
|
Year-to-Date
2013
|
|
Year-to-Date
2012
|
|
|
|
|
|
|
|
|
Victoria's Secret
Stores
|
(3%)
|
|
4%
|
|
2%
|
|
8%
|
Bath & Body
Works
|
(7%)
|
|
6%
|
|
1%
|
|
6%
|
La Senza
|
0%
|
|
5%
|
|
4%
|
|
(2%)
|
Limited
Brands
|
(5%)
|
|
5%
|
|
2%
|
|
7%
|
Victoria's
Secret
Direct
Sales
|
9%
|
|
2%
|
|
(3%)
|
|
2%
|
Total
Company-Operated Stores:
|
|
|
|
|
|
Stores
|
Year-to-date
|
Stores
|
|
Operating
|
Operating
|
|
at 2/2/13
|
Opened
|
Closed
|
at
11/30/13
|
|
|
|
|
|
Victoria's Secret
Stores
|
1,019
|
54
|
(10)
|
1,063
|
Bath & Body
Works
|
1,571
|
8
|
(11)
|
1,568
|
Henri
Bendel
|
29
|
-
|
-
|
29
|
Total
United States
|
2,619
|
62
|
(21)
|
2,660
|
|
|
|
|
|
La Senza
Canada
|
158
|
-
|
(1)
|
157
|
Bath & Body Works
Canada
|
71
|
8
|
-
|
79
|
Victoria's Secret
Canada
|
26
|
6
|
-
|
32
|
Victoria's Secret
UK
|
2
|
3
|
-
|
5
|
Total L
Brands
|
2,876
|
79
|
(22)
|
2,933
|
SOURCE L Brands, Inc.