Laura Willensky, Away Chief Commercial Officer
During Rubio s tenure as interim CEO, as well as in her previous role as President, she artfully navigated the challenges of the pandemic, well-positioning the company to capitalize on the imminent return to travel. The company s Board of Directors recognized Rubio s strong leadership amid industry turmoil, the advantages of maintaining continuity across the business, and her unique ability to be an ongoing steward of the company s long-term vision. The past year has been a difficult one for nearly every industry, but especially so for retail and travel businesses. The Away team has demonstrated an acute ability to remain resonant among our consumers while delivering resilient financial performance, said Jen Rubio, co-founder and CEO, Away. As the industry is redefined in a post-pandemic era, I m eager to lead Away in shaping modern travel by removing frictions and transforming the travel experience for everyone.
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L Brands Reports Holiday 2020 Sales and Provides Fourth Quarter Earnings Guidance
L Brands, Inc.January 7, 2021 GMT
COLUMBUS, Ohio, Jan. 07, 2021 (GLOBE NEWSWIRE) L Brands, Inc. (NYSE: LB) reported net sales of $3.836 billion for the nine weeks ended Jan. 2, 2021, compared to net sales of $3.906 billion for the nine weeks ended Jan. 4, 2020. Comparable sales increased 5 percent for the nine weeks ended Jan. 2, 2021, compared to the nine weeks ended Jan. 4, 2020.
At Bath & Body Works, comparable sales increased 17 percent for the nine weeks ended Jan. 2, 2021, including a comparable sales increase of 5 percent in stores and 64 percent sales growth in the direct channel. The merchandise margin rate for the quarter-to-date period increased significantly.
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