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Stock Market & Financial Investment News

News Breaks
April 10, 2014
07:02 EDTLBL Brands reports March sales up 3% to $923.7M, March SSS down 1%
L Brands reported net sales increased 3% to $923.7M for the five weeks ended April 5, vs. $894.8M for the five weeks ended April 6, 2013. The company reported SSS for the five weeks ended April 5, 2014 decreased 1%, in line with expectations, as the later Easter timing this year negatively impacted March SSS sales by 25-3% points.
News For LB From The Last 14 Days
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April 14, 2015
16:36 EDTLBL Brands price target raised to $102 from $91 at Piper Jaffray
Piper Jaffray raised its price target for L Brands to $102 after its teen survey indicated strength of the company's multi-category lifestyle brand. Piper keeps an Overweight rating on the name.
April 13, 2015
06:22 EDTLBGap, Target, others scrutinized by NY AG over staffing practices, WSJ says
Several major retailer including Gap (GPS) and Target (TGT) are under investigation by New York Attorney General Eric Schneiderman over their staffing practices and whether they require workers to show up or stay home with little notice, The Wall Street Journal reports. Schneiderman sent letters warning Abercrombie & Fitch (ANF), JC Penney (JCP), Urban Outfitters (URBN), TJX Cos (TJX), Ann Inc (ANN), L Brands (LB), Burlington Stores (BURL), Sears Holdings (SHLD), Williams-Sonoma (WSM) and J Crew Group that he believes the chains are using on-call scheduling and that such practices may be in violation of New York laws. Reference Link
April 9, 2015
09:18 EDTLBBofA/Merrill retail analysts hold an analyst/industry conference call
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07:02 EDTLBL Brands reports March sales $923.7M, March SSS up 9%
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April 6, 2015
10:02 EDTLBOn The Fly: Analyst Upgrade Summary
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06:12 EDTLBL Brands upgraded to Buy from Neutral at Mizuho
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