The date is set. The models are booked. And now, the lingerie has been fit. Yesterday marked the final fitting of Swarovski’s principle crystallized look for the 2016 Victoria’s Secret Fashion Show. The sparkly set will be worn by newly appointed “Angel” Josephine Skriver in the Bright Night Angel portion of …
RETAIL REPORTS POSITIVE SAME-STORE SALES FOR JUNE
Recent business data has revealed that despite some challenges, brands such as Victoria’s Secret and Gap have better-than-expected same-store sales for the month of June. Victoria’s Secret, to illustrate, had a 6% same-store sales increase in June, though it is expected to fall in July. Under its parent company L Brands, …
Report: Jonas Chilled January Comp Store Sales
New York—Thanks to the blizzard named Jonas, lower foot traffic and the fact it’s really a transitional time of the retail year, January comparable store sales missed estimates “by a wide margin.” According to Ken Perkins, president of Retail Metrics, comp store sales were down 0.9% from a year ago, …
Report: December Comp Store Sales Better Than Expected
New York—December sales may have been better than some had predicted. Sales reports from the dozen or so retailers that still release monthly sales figures finds December comp store increased 0.9% ahead of the estimated 0.5% increase, Retail Metrics reported today. Excluded from the tally was Gap Inc. which is …
What (and Who) Made Victoria Secret’s Latest Sexy List?
New York—As a purveyor “of all things sexy,” Victoria’s Secret announced today the 2015 What Is Sexy? List honoring the hottest and most inspiring women in Hollywood who embody a confident and aspirational lifestyle. From Sexiest Style to Sexiest Red Carpet Look, the women who made the list are all …
Victoria’s Secret Fashion Runway Show: Accessories Extravaganza
London–While cleavage and toned abs stole the show as always, accessories at the Victoria’s Secret runway fashion show more than held their own. The world’s most gorgeous women–adorned with the requisite angel wings–were styled as Golden Warriors and Exotic Revelers. Here, a look: GOLDEN WARRIORS Calling all Greek Goddesses! Golden …
July, a “Transitional Month,” Posts Sluggish Comp Sales
New York—About six months ago, harsh winter weather stymied retail sales. But now it seems that warmer weather may be in factor in the sluggish monthly retail sales reported today. While the month marks the start of the crucial back to school season, it traditionally is a slower time at …
Victoria’s Secret Reveals 2014 What is Sexy? List
San Francisco—What is sexy? Just ask Victoria’s Secret Supermodel Lily Aldridge who revealed Tuesday the highly anticipated What Is Sexy? List at the Powell Street store in San Francisco. This year, sexy is all about “Less is More.” The 2014 What Is Sexy? List honors the hottest and most inspiring women in Hollywood …
Victoria’s Secret Angels Gear Up For A Supermodel Cycle Ride To Benefit Cancer Research
New York—Victoria’s Secret Models Alessandra Ambrosio, Lily Aldridge, Elsa Hosk, Lais Ribeiro, and Martha Hunt hosted Supermodel Cycle to benefit Pelotonia–an annual grassroots bike tour that raises funds for cancer research at The Ohio State University Comprehensive Cancer Center-James Cancer Hospital and Solove Research Institute. Each year, more than 6,000 …
Discounts Help Boost May Comp Sales Ahead of Estimates
Discounts Help Boost May Comp Sales Ahead of Estimates New York—May comparable store sales beat estimates as consumers shopped for their mothers and took advantage of a plethora of promotions. While most of the major retailers that still report monthly sales were modest, totals exceeded estimates. The improvement in business …
April Retail Comp Sales Jump Past Estimates
New York—After being foiled by winter storms and bad weather and a later Easter, retailers today reported a comparable store sales gain their biggest one-month increase since September 2011. According to Retail Metrics, a research firm, April comparable store sales were up 6% ahead of its 3.9% increase estimate. ‘Improving …
March Comps Softer Thanks to Easter Shift to April
New York—With the harshest of winter subsiding last month, it still look a flurry of discount promotions to lure shoppers into retail stores. The result? Comparable store sales improved but were only fair to middling since the shift of Easter into April hurt March comps this year. But April comps …
February Comp Sales Actually Fare Better Than Expected
New York—There’s no need to remind most of the Northern half of the United States what kind of impact February’s weather must have had at retail. A look at the remaining retailers who post monthly sales results shows that colder-than-normal temperatures and snow/ice storms took their toll on sales…until things …
L Brands Q4 Profit Beats Despite Sales Drop, Cautious Ahead
Columbus, OH—Despite a sales decline, L Brands Inc. reported Wednesday that its fourth quarter profit actually rose beating expectations. But the parent to Victoria’s Secret gave a tepid forecast. For the quarter ended Feb. 1, L Brands posted net profit of $489.6 million, or $1.65 a share, from $411.4 million, …
Storms, Shopper Fatigue Chill January Comp Sales
New York—January is normally the slowest month at retail, but this year the Arctic whammy from a polar vortex chilled sales more than ever. According to Thomson Reuters’ survey of seven retailers, January comparable store sales are 3.5% though Gap Inc and American Apparel haven’t reported in yet. Thomson Reuters …
December Comp Sales Were Up—But at a Price?
New York—Discounts may have helped comparable store sales rise 2.7% in December, but that stronger-than-expected increase often came with a price(s). Namely, lower margins, customers shifting to online shopping and lowered fourth quarter earnings expectations. In its monthly assessment of eight large retailers, Thomson Reuters reported the 2.75 increase in …
Holiday Pressure: November Comp Sales Disappointing
New York— Black Friday creep—expanding sales and promotions beyond the traditional one the Friday after Thanksgiving—may have had an unintentional effect. Consumers may be lured in by promotions but purchasing isn’t as strong as hoped for. According to several metrics, November comparable store sales were modest—actually decelerating from October increases. …
L Brands Q3 Profit Jumps 25.3% on Higher Sales
Columbus, OH—Limited Brands Inc. reported Wednesday afternoon that its third quarter profit rose 25.3% beating estimates as sales increased. But the parent of Victoria’s Secret gave a more modest forecast. For the quarter ended Nov. 2, L Brands (formerly Limited Brands) posted net income of $92 million or 31 cents …
Promotions Helped Lift October Comp Sales Above Estimates
New York—Political gridlock, a government shutdown and fears that the United States would default helped to deflate consumer confidence in October, but apparently shoppers turned out anyway. According to Thomson Reuters, comparable store (or same store) sales rose 4% last month, beating economists’ expectations for a 3% increase. Excluding drugstores, …
Retail, Business Leaders Decry Congress’ Actions in U.S. Budget Gridlock
Washington—President Obama today took Congress to task over its 11th hour resolution of the government shutdown and lifting the debt ceiling, issues that could have spun the United States into default and wrecked havoc with the international economy. “Probably nothing has done more damage to America’s credibility in the world, …