Intimate Brands October Same-Store Sales Rose 6%
Intimate Brands
(IBI)
said October same-store sales rose 6%, while total sales gained 14%.
The parent company of
Victoria's Secret
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and
Bath & Body Works
recorded net sales of $280.3 million for the four-week period ended Oct. 28, up from $246.3 million for the same period last year. Same-store sales for the third quarter also rose 6%, while total sales for the quarter rose to $925.1 million from $814.2 million.
Shares of Intimate Brands recently traded down $2.31, or 9.7%, to $21.56 in
New York Stock Exchange
trading.
