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Early Easter slows growth at L Brands
The earlier Easter holiday put a damper on traffic at L Brands’ stores, which reported a 1% drop in same store sales for May.
But the retailer reported an overall 1% increase in sales to $724.6 million for the four weeks ended May 2, compared to net sales of $717.6 million for the four weeks ended May 3, 2014. The company reported net sales of $2.512 billion for the 13 weeks ended May 2, an increase of 5% compared to sales of $2.391 billion for the 13 weeks ended May 3, 2014. Same store sales for the 13 weeks ended May 2, increased 5%.
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Zulily names CFO
Seattle -- Online retailer Zulily announced today that Brian Swartz has been appointed senior VP and CFO, effective June 1, 2015.
Swartz brings more than 20 years of operational and financial experience to Zulily. For the last six years, he served as senior VP and CFO of Apollo Education Group, Inc., a private-sector education company. Swartz joined Apollo from EaglePicher Incorporated, a technology and industrial products and services company, where he served as VP and corporate controller.

