Article By:
Zacks Investment Research
Thursday, December 28, 2023 11:45 PM EDT
Amid the recent favorable price action within the market, several stocks are nearing or breaking 52-week highs, including Shopify, The Gap, and StoneCo.
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.