L Brands Inc. managed higher profits in the second quarter and ended the period in a tidy inventory position.
The Columbus, Ohio-based operator of Victoria’s Secret and Bath & Body Works generated net income of $188.4 million, or 63 cents a diluted share, 5.3 percent above the year-ago quarter’s bottom-line finish of $178.9 million. On average, analysts expected earnings per share of 62 cents.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)