Mother’s Day a boon for L Brands
The Mother's Day holiday drove up traffic at L Brands, which reported a surge in same store sales for May.
The company reported that net sales increased 5% to $799.1 million for the four weeks ended May 30, compared to net sales of $763.6 million for the four weeks ended May 31, 2014. Same store sales for the four weeks ended May 30, increased 5%.
The company reported net sales of $3.311 billion for the 17 weeks ended May 30, 2015, an increase of 5% compared to sales of $3.155 billion for the 17 weeks ended May 31, 2014. Same store sales for the 17 weeks ended May 30, 2015, increased 5%.
At Victoria’s Secret, same store sales increased 5%. At Bath & Body Works, same store sales increased 5%, driven again by a strong Mother’s Day performance.
The company reported net sales of $3.311 billion for the 17 weeks ended May 30, 2015, an increase of 5% compared to sales of $3.155 billion for the 17 weeks ended May 31, 2014. Comparable store sales for the 17 weeks ended May 30, 2015, increased 5%.
L Brands, through Victoria's Secret, PINK, Bath & Body Works, La Senza and Henri Bendel, operates 2,969 company-owned specialty stores in the United States, Canada and the United Kingdom, and its brands are sold in more than 600 additional noncompany-owned locations worldwide.
eBay expands Valet selling service
San Jose, Calif. – The eBay Valet professional selling service will now accept high-end clothing in addition to shoes, handbags, electronics and other popular household items. eBay Valet provides features such as price estimates for potential buyers, taking professional pictures, and shipping.
eBay partnered with fashion blogger Garance Doré to officially debut the expansion of eBay Valet. Dore provided tips and tricks on what to sell and how to sell fashion items.
To sell through eBay Valet, sellers follow three steps: Visit ebay.com/valet and request a free, prepaid shipping label, place the items in any box, and then using the free prepaid shipping label, send the box to a valet.
Once the items have been sent to a valet, customers will receive regular updates via email, during the next three to four weeks, when their items are received, listed and sold. Customers then receive up to 80% of what their items sell for, deposited into their PayPal account. Any unsold items are returned to the customer for free.
Valets are screened for inclusion in the program and must demonstrate the ability to consistently deliver the highest standards of buyer experience to eBay shoppers.
“Fashion is one of the top categories on eBay globally; in fact, a dress sells every second and a pair of shoes sells every two seconds,” said Marcelle Parrish, head of fashion at eBay Marketplaces. “The expansion of eBay Valet in the fashion category delivers access to experts who will showcase clothing in the best possible light, in front of one of the largest online shopping audiences.”
Amazon has top reputation in retail in 2015
For the third year in a row, Amazon has claimed the top spot in the Reputation Institute’s annual survey of America’s 50 most reputable companies in the retail industry.
Amazon is the only company of all the retail companies surveyed to achieve an excellent reputation.
Supermarket chains moved up in the ranking this year, with Publix ranking second and Whole Foods jumping five spots to third place in 2015.
America’s top 10 companies in the retail industry in 2015 are:
2. Publix Super Markets Inc.
3. Whole Foods
4. Tiffany & Co.
5. Costco Wholesale
6. Lowe’s Home Improvement
7. Home Depot
8. Ace Hardware
In 2015, four new companies made the top 10 in retail: Tiffany & Co., Ace Hardware, Cabela’s and Ahold.