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Press release content from Globe Newswire. The AP news staff was not involved in its creation. L Brands Reports Holiday 2020 Sales and Provides Fourth Quarter Earnings Guidance L Brands, Inc.January 7, 2021 GMT COLUMBUS, Ohio, Jan. 07, 2021 (GLOBE NEWSWIRE) L Brands, Inc. (NYSE: LB) reported net sales of $3.836 billion for the nine weeks ended Jan. 2, 2021, compared to net sales of $3.906 billion for the nine weeks ended Jan. 4, 2020. Comparable sales increased 5 percent for the nine weeks ended Jan. 2, 2021, compared to the nine weeks ended Jan. 4, 2020. At Bath & Body Works, comparable sales increased 17 percent for the nine weeks ended Jan. 2, 2021, including a comparable sales increase of 5 percent in stores and 64 percent sales growth in the direct channel. The merchandise margin rate for the quarter-to-date period increased significantly.

United statesMamie prestonAndrew meslowBrooke wilsonGlobe newswirel brands incVictoria secretComparable sales increase decrease storesBath body worksBody worksChief executive officerGreater chinaHarbor statement underPrivate securities litigation reform actSales increaseStores onlyCompany operated stores