L Brands Inc., which owns Victoria’s Secret and has powered through a choppy economy, reported August same-store sales that narrowly missed estimates, the latest evidence of weakness among U.S. apparel chains.
U.S. retailers posted October same- store sales that topped analysts’ estimates as rising home values and consumer confidence boosted spending. Gap Inc. and Target Corp. were among chains that trailed projections.
Chico’s FAS Inc.’s purchase of online retailer Boston Proper will add more cutting-edge fashions, a change from the women’s clothing chain’s more conservative lineup, Chief Executive Officer David Dyer said.
Thanksgiving Day openings and midnight deals at retailers from Target Corp. to Wal-Mart Stores Inc. drew U.S. shoppers out earlier than ever, trimming spending on Black Friday at stores. Online shopping surged.
Lululemon Athletica Inc. gained the most in three months after the Canadian yoga-wear retailer boosted its annual profit and sales forecasts, helped by strength in its online business and store openings.