COLUMBUS, Ohio, March 6, 2014 /PRNewswire/ -- L Brands, Inc.
(NYSE: LB) reported comparable store sales for the four weeks ended
March 1, 2014 increased 2% compared
to the four weeks ended March 2,
2013. The company reported net sales of $750.0 million for the four weeks ended
March 1, 2014 compared to sales of
$712.7 million for the four weeks
ended March 2, 2013.
To hear further commentary provided on L Brands' prerecorded
February sales message, call 1-866-639-7583 (1-866-NEWS-LTD), or
log onto www.LB.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 2,919 company-owned specialty stores in
the United States, Canada and the United Kingdom and its brands are sold in
about 600 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 February 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 February 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
February 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
FEBRUARY 2014
Comparable Store Sales Increase (Decrease):
|
February
2014
|
|
February
2013
|
|
|
|
|
|
|
Victoria's
Secret1
|
2%
|
|
5%
|
|
Bath & Body
Works1
|
1%
|
|
0%
|
|
L
Brands
|
2%
|
|
3%
|
|
Victoria's
Secret
Direct
Sales
|
1%
|
|
(4%)
|
|
|
|
|
|
|
1 –
Results include company-owned stores in the United States and
Canada.
|
Total Company-Owned Stores:
|
|
Stores
|
|
Stores
|
|
|
Operating
|
Operating
|
|
|
at 2/1/14
|
Opened
|
Closed
|
at 3/1/14
|
|
|
|
|
|
|
Victoria's Secret
U.S.
|
|
1,060
|
-
|
(1)
|
1,059
|
Victoria's Secret
Canada
|
|
34
|
-
|
-
|
34
|
Total
Victoria's Secret
|
|
1,094
|
-
|
(1)
|
1,093
|
|
|
|
|
|
|
Bath & Body Works
U.S.
|
|
1,559
|
-
|
(2)
|
1,557
|
Bath & Body Works
Canada
|
|
79
|
1
|
-
|
80
|
Total
Bath & Body Works
|
|
1,638
|
1
|
(2)
|
1,637
|
|
|
|
|
|
|
Victoria's Secret
U.K.
|
|
5
|
-
|
-
|
5
|
Henri
Bendel
|
|
29
|
-
|
-
|
29
|
La Senza
Canada
|
|
157
|
-
|
(2)
|
155
|
Total L
Brands
|
|
2,923
|
1
|
(5)
|
2,919
|
Logo -
http://photos.prnewswire.com/prnh/20140130/CL56250LOGO
SOURCE L Brands, Inc.