Showing: 1 - 1 of 1 Articles

L Brands sees record Victoria’s Secret sales fall, shares slide

Shares of L Brands Inc tumbled to a three-year low on Thursday, a day after the retailer said it expected sluggish demand for Victoria’s Secret lingerie to force its biggest brand’s steepest ever monthly decline in comparable sales. Victoria’s Secret, the long-time lingerie market leader, has been struggling to boost sales amid changing trends such …