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L Brands beats Street again with strong profit in Q1
Columbus, Ohio -- L Brands Inc. continued its winning ways in its first quarter, reporting better-than-expected earnings. The parent company of Victoria’s Secret and Bath & Body Works also lifted its earnings forecast for the full year, but issued a weak forecast for the current quarter.
L Brands’ net income increased 59% to $250.47 million from $156.98 million in the year-ago period.
Net sales grew 5% to $2.51 billion from $2.39 billion last year.
Same-store sales rose 5%.
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Amazon.com adds new possibilities for Prime Now
Retailers in urban areas where Amazon.com is rolling out its Prime Now delivery service soon may be able to piggyback on the e-commerce innovator’s supply chain prowess to offer one-hour delivery.
In Manhattan, where Amazon.com launched Prime Now earlier this year, the company has added products from select local merchants to the tens of thousands of items it already promises to deliver within one hour.

