L Brands, owner of Victoria’s Secret, announced Key Sales Metrics up 3%

L Brands, owner of Victoria’s Secret and Bath & Body Works, announced that sales at stores open at least a year rose 3% in May, which is better than most projections. Wall Street was looking for a 2.3% increase, according to analyst estimates. Sales at stores open at least a year is a key indicator of a retailer’s health because it excludes the volatility of stores recently opened or closed. Total revenue for the month climbed 4% to $763.6 million. For the 17 weeks ended May 31, sales at stores open at least a year rose 2%. Total revenue increased 5 percent to $3.16 billion. With it partners L Brands operates 2,928 stores in the U.S., Canada, the U.K. and Europe. Its other brands include Pink, La Senza and Henri Bendel Private Equity & Venture Capital - Luxury Brands - EDM Events - Brand Entertainment - Celeb DJs - Content Strategies - Inbound Marketing Esentials - Newmedia - Opening doors in emerging markets; Become a clubmember - http://www.monarchcapital.eu/ We take pride in bringing brands with integrity, heritage and quality, with a wide range of products that benefit and befit the sophisticated tastes of the luxury consumer. Beyond merchandise, we are committed to using our expertise in understanding our customers' wants and needs, the retail landscape, global trends and product value, to deliver the best experiences in luxury. #Online #retail #luxury #brands #youngandminted #CEO #marketing #fanpower #privateequity #venturecapital #Funding #IPO #Tech #Newmedia #Startups #EDM #DJ #Seedcapital #entertainment #Facebook #fanengagement #fanloyalty #loyaltyprogram #musicindustry #socialmedia