I disagree. Yes, #VictoriaSecret ($LB) is facing increased competition from American Eagle Outfitters ($AEO)' Aerie, #Gap's ($GPS) Love brand, and #Amazon's ($AMZN) Arabella brand. But VS's sales performed better in the first quarter of 2018 than in the same period last year. And they've been making a big push to increase it's online sales. And it's starting to work with an increase of 1% so far.
Concentration Risk Reaching Historic Levels
The bears should go short $LB instead. I've been selling short everyday and buying back on dips. Lots of money to be made.
Bear of the Day: L Brands
"Hit piece of the day” is more like it. What about the companies increase in sales? $LB
Victoria's Secret Called 'Broken' By Analyst As L Brands Cuts Guidance
I disagree. Yes, #VictoriaSecret ($LB) is facing increased competition from American Eagle Outfitters ($AEO)' Aerie, #Gap's ($GPS) Love brand, and #Amazon's ($AMZN) Arabella brand. But VS's sales performed better in the first quarter of 2018 than in the same period last year. And they've been making a big push to increase it's online sales. And it's starting to work with an increase of 1% so far.