The Columbus Dispatch
L Brands said Wednesday that its second-quarter profit tumbled from the same period in 2018, dragged down by a one-time charge and continued struggles at Victoria’s Secret.
Revenue fell to $2.9 billion during the quarter from $3 billion in the same period in 2018.
The company said comparable store sales, an indicator of a retailer’s strength, fell 6% at Victoria’s Secret but rose 8% at Bath & Body Works. Overall, comparable store sales fell 1%.. . . more