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L Brands Inc apparel and textile business news, company profile, analysis, comment and interviews


In the latest third-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has delivered an increase in both profit and revenue with the company well-positioned to deliver a solid finish to fiscal 2020, Stage Stores has narrowed its net loss, and American Eagle Outfitters has booked record sales. Elsewhere, J.Crew Group has announced an agreement on the terms of a transaction that will enable it to separate its J.Crew and Madewell brands into two independent companies and pursue a proposed IPO of Madewell. >
Following a slew of earnings slides, reports are now suggesting that L Brands founder and CEO, Les Wexner, is looking to leave the business and that it is continuing to weigh up options for its Victoria s Secret lingerie brand. just-style looks at why this could be a good move for the company.> ....

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Festive fashion flop rocks Marks & Spencer


Under the 53-year-old, M&S had tried to make its food more affordable, while maintaining premium quality, and analysts said in this part of the business the results show the strategy has worked. 
Rowe said: Given the on-off restrictions and distortions in demand patterns, our trading was robust over the Christmas period. Beneath the Covid clouds we saw a very strong performance from the food business including Ocado.  
Upbeat: Under Steve Rowe, M&S had tried to make its food more affordable
But the poor clothing figures meant overall group sales in the month of December were down 3.6 per cent, while for the three months to December 26 sales of £2.52billion were 8.2 per cent lower than last year. It wasn t what we had hoped or planned for, conceded Rowe.  ....

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