Limited Brands May Comps Rise 3%
Leading fashion retailer Limited Brands reported this morning that May sales sprouted for the month.
For the four weeks ending June 1, total sales were $737 million, a 9.7% increase from the $671.9 million it recorded in the year-ago period. That translated into a same-store sales rise of 3% for May.
For the 17-week period ending June 1, sales rose 6.3% to $3.005 billion, compared to $2.826 billion last year, while the retailer's year-to-date comps were up 3%.
Headquartered in Columbus, Ohio, Limited -- which now goes by the name L Brands -- operates 2,616 specialty stores in the United States and its brands are sold in more than 700 company-operated and franchised locations worldwide. It owns several chains including Victoria's Secret, Pink, Bath & Body Works, La Senza, and Henri Bendel. L Brands recorded sales of $10.57 billion in the trailing 12-month period ending May 4.
The article Limited Brands May Comps Rise 3% originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.