L Brands Reports 4% Decline In January Comps, Sales Down 1%

(RTTNews) - L Brands Inc. (LB) Thursday announced announced one percent decline in January net sales $805.2 million from $811.3 million last year. Comparable sales for the four weeks ended Jan. 28 decreased 4 percent.

The company noted that the exit of the swim and apparel categories had a negative impact of 5 percentage points and 7 percentage points to total company and Victoria's Secret comparable sales, respectively.

For the fourth quarter, net sales increased 2 percent to $4.489 billion from $4.395 billion last year. Comparable sales for the fourth quarter were flat.