Lingerie

Fire Drags Down Gap Comps, L Brands Gains

One year ago   |   By WWD

There were some glimmers of hope and gains - adjusted or otherwise - in the November sales reports from Gap Inc. and L Brands Inc.
Gap said its overall comparable sales fell 1 percent, but that a fire at its Fishkill, N.Y., distribution center - which was ruled arson - pulled that number down by about 3 percentage points, giving the firm an adjusted gain versus the 8 percent drop from a year ago.
And L Brands said even as it refocuses, comparable sales rose 4 percent last month, with a 5 percent increase at Victoria's Secret and a 4 percent rise at Bath & Body Works. Excluding the swim and...
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