L Brands, Inc.
) hardly reacted to the disappointing November comparable-store
sales performance. Comps declined 5% for the four-week period
ended Nov 30, 2013 compared with a 5% increase in the year-ago
period. However, shares dropped just 0.1% since the announcement
of the news. It seems that investors have already factored in the
tough holiday season.
This specialty retailer of women's intimate and other apparel,
beauty and personal care products showcased a 7.2% rise in net
sales of $988.5 million from $922 million in the prior-year
Early-hour store openings, huge discounts, promotional
activities and free shipping on online purchases were not enough
to drive in cautious, budget-constrained consumers to the
Costco Wholesale Corporation
) came out with November comparable-store sales results that fell
short of analysts' expectations. The company delivered
comparable-store sales growth of 2%. Comps for
The Buckle, Inc.
), the retailer of casual apparels, footwear and accessories
dropped 0.6%, while
), specialty retailer of action sports related apparel, footwear
and accessories, posted lower-than-expected comps growth of
Coming to Limited Brands, comparable-store sales for November
fell 3% at Victoria's Secret Stores & Victoria's Secret
Beauty and 7% at Bath & Body Works & The White Barn
Candle Co. but remained flat at La Senza. Sales rose 9% at
Victoria's Secret Direct.
For the 43-week period ended Nov 30, comparable-store sales
climbed 2% compared with the 7% jump registered in the prior-year
period. Net sales for the period grew 6% to $7,944 million from
$7,525 million in the year-ago period.
Management now projects total comparable-store sales to
increase in the low to mid-single digits for the month of
Limited Brands, which operates 2,933 stores, holds a Zacks
Rank #3 (Hold).
BUCKLE INC (BKE): Free Stock Analysis Report
COSTCO WHOLE CP (COST): Free Stock Analysis
L BRANDS INC (LB): Free Stock Analysis Report
ZUMIEZ INC (ZUMZ): Free Stock Analysis Report
To read this article on Zacks.com click here.