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The Zacks Analyst Blog Highlights: L Brands, Abercrombie & Fitch, Zumiez, Gap and American Eagle Outfitters
L Brands continues to face short-term challenges due to its decision to exit the swimwear category, which according to analysts have failed to generate desired results.
Biogen (BIIB) was one of the top gainers in the S&P 500 on October 5. After trading with mixed sentiment in the first three trading days of the week, Biogen opened higher on Thursday.
L Brands (LB) expects comps to decline in low-single digits in October. The exit from the swim and apparel categories would hurt the comps by nearly 1%.
Among the companies with shares expected to trade actively in Thursday's session are Apple Inc., Amazon.com Inc., L Brands Inc., Constellation Brands Inc. and International Speedway Corp.
L Brands Inc. , the parent of Victoria's Secret, said September sales rose 1.1% to $981.6 million, from $971.4 million in the same period a year ago. Same-store sales fell 2%. The apparel retailer said ...
L Brands, the owner of Victoria's Secret and Bath & Body Works, says April comp sales that fell 5 percent amid retail's latest woes.