×
1 021
Fashion Jobs
CLINIQUE
Clinique Consultant - 18 Hrs - Kelowna, bc
CDI · Kelowna
OLD NAVY
General Manager -Toronto Premium Outlets - Halton Hills, on
CDI · Halton Hills
ESTÉE LAUDER COMPANIES
Operations Manager
CDI · Toronto
ESTÉE LAUDER COMPANIES
Manager, Supply Chain Finance
CDI · Markham
CLINIQUE
Associate Consultant - Clinique - Barrie, on
CDI · Barrie
ADIDAS
Manager, Platform Operations
CDI · Vaughan
ESTÉE LAUDER COMPANIES
Senior Solutions Business Analyst – Mes And Manufacturing Systems
CDI · Markham
CLINIQUE
Clinique - Consultant - Hbc, Park Royal, Vancouver, bc
CDI · Vancouver
CLINIQUE
Clinique - Consultant -Hudsons Bay - Montreal, qc
CDI · Montreal
CLINIQUE
Clinique - Consultant - Lasalle, Montreal , qc
CDI · Montreal
CLINIQUE
Clinique - Consultant -Hudsons Bay - Montreal, qc
CDI · Montreal
CLINIQUE
Clinique - Consultant - Hbc Bayshore in Ottawa, on
CDI · Ottawa
ADIDAS
Senior Financial Analyst, Adidas Brand
CDI · Vaughan
ADIDAS
Senior Financial Analyst, Adidas Brand
CDI · Vaughan
HUGO BOSS
Purchasing & Imports Administrator - Toronto
CDI · Ontario
ESTÉE LAUDER
Business Manager - Estee Lauder - Richmond, bc
CDI · Victoria
CLINIQUE
Associate Consultant - Clinique - Sarnia, on
CDI · Sarnia
CLINIQUE
Hrs - Clinique - Consultant at Hbc Bayshore, Ottawa, on
CDI · Ottawa
CLINIQUE
Clinique Consultant - 30 Hrs - Hudsons Bay Whiteoaks - London, on
CDI · LONDON
CLINIQUE
Clinique Consultant - 18 Hrs - Hudsons Bay Whiteoaks - London, on
CDI · London
CLINIQUE
Clinique Consultant - 39 Hrs - Montréal, qc
CDI · Montreal
ESTÉE LAUDER
Business Manager - Estée Lauder - Toronto, on
CDI · Toronto

L Brands investigates its options for La Senza

Published
today Oct 12, 2018
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Along with its sales results for September 2018, Columbus, Ohio-based retail group L Brands, Inc. announced on Thursday that it will be “pursuing all alternatives” for ailing lingerie brand La Senza.


L Brands has announced that it will explore all alternatives for its La Senza brand - Instagram: @lasenza

 
The group stated that its priority in exploring its options for the loss-making chain, which currently has 126 company-owned and operated stores in North America, as well as 188 non-company owned international locations, would be to “drive shareholder value”.
 
L Brands, which acquired La Senza in 2007, announced that it expected the brand to see revenues of $250 million in 2018, resulting in an operating loss of $40 million.

The group’s re-evaluation of La Senza’s place in its portfolio is part of a larger effort currently being undertaken by the company to refocus on its core businesses, beauty chain Bath & Body Works and floundering lingerie brand Victoria’s Secret. In September, the group announced that it will be closing all 23 of its Henri Bendel stores, as well as the brand’s e-commerce website, in January 2019.
 
L Brands saw net sales total $1.058 billion in September 2018, up 8% compared to the $981.6 million reported by the group in the prior-year period. Comparable sales rose 5% over the course of the month.
 
Comps at Victoria’s Secret saw positive growth for the first time in four months, albeit only 1%, but sales at the company’s Pink brand continued to fall.
 
Year to date, L Brands’ net sales increased 7% from $7.015 billion to $7.524 billion, while comparable sales grew 3%.
 
Earlier this year, the company reduced its full-year earnings guidance for fiscal 2018 from between $2.70 and $3.00 per share to between $2.45 and $2.70 per share, following a decrease in second-quarter earnings, which totaled $99 million, compared to $138.9 million in the same period in the previous year.
 
Since news broke of the group’s plans for La Senza, L Brands’ shares have risen 12%.

Copyright © 2019 FashionNetwork.com All rights reserved.