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The Victoria's Secret brand has been under pressure as the chain reworks its business model. Changes include discontinuing swimwear and most of its apparel merchandise and eliminating its print catalogs. Comparable sales at the chain fell 3 percent during the fourth quarter, outweighing a 5 percent increase at Bath & Body Works. L Brands had warned Victoria's Secret would continue to feel the repercussions from its change in strategy in 2017, yet its outlook still disappointed investors. At January's ICR Conference, in Orlando, Florida, the company said headwinds would be more severe in the first half, as it grappled with lost swim and apparel sales. L Brands expects to earn between 20 cents and 25 cents per share in the first quarter, compared with the 49 cents per share anticipated by Wall Street, according to Thomson Reuters. For ชุดว่ายน้ํา 1พีช the year, the retailer said it should earn between $3.05 and $3.35 a share. That compares with analysts' projection of $3.70 a share. In February, L Brands said its comparable sales will record a mid-to-high-teens decrease, steeper than its prior expectation of a mid-single digit decrease.
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