L Brands, Inc.
) posted comparable-store sales of 2% for the four-week period
ended Aug 31, 2013 compared with 8% in the prior-year period.
This specialty retailer of women's intimate and other apparel,
beauty and personal care products showcased a 5.9% rise in net
sales of $704.7 million from $665.6 million in the prior-year
On the whole, retailers came up with mixed sales result for
August. The month got off to a slow start and shift in the
consumers shopping pattern toward cars and houses hurt sales of
apparel, shoes and accessories. However, sales picked up later as
retailers spent more on promotions and came up with lucrative
discounts to drive traffic. However, heavy discounts raise
concerns about margins.
Stein Mart Inc.
) impressed analysts by posting a 3.8% rise in comps, while
The Gap, Inc.
), witnessed a 2% increase in comps. However, discount store
), reported flat comps for the month of August.
Coming to Limited Brands, comparable-store sales for August
rose 3% at Victoria's Secret Stores & Victoria's Secret
Beauty, 1% at Bath & Body Works & The White Barn Candle
Co. and 8% at La Senza. Sales climbed 3% at Victoria's Secret
Direct. Management now projects total comparable-store sales to
rise in the low single-digits for the month of September.
For the thirty-week period ended Aug 31, 2013,
comparable-store sales increased 2%, whereas net sales rose 5.2%
to $5,489 million from $5,218 million in the year-ago period.
Limited Brands, which operates 2,905 stores, holds a Zacks
Rank #2 (Buy).
FREDS INC (FRED): Free Stock Analysis Report
GAP INC (GPS): Free Stock Analysis Report
L BRANDS INC (LTD): Free Stock Analysis
STEIN MART INC (SMRT): Free Stock Analysis
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