Wei Underwear'S Parent Company'S Performance Has Reached A 4 Year Low. The Annual Salary Of The Boss Has Plummeted By 15 Million.

Victoria 's Secret, the secret parent company of Vitoria L Brands Inc. (NYSE:LB), today's sales data released before today, though it was worse than the market expectations, showed substantial progress. It was stimulated by the fall of Citigroup Inc. (NYSE:C) Citigroup on Tuesday, which fell 4% and fell further on Wednesday, with a 4 year low of L, which has risen earlier, and has soared 11.4% at most.

In the first 5 weeks as of April 1, 2017, the same store sales of L Brands Inc. fell by 10% year-on-year, or slightly higher than the market forecast of 9.1%. However, after excluding the 7 percentage points of Victoria's s Secret's secret exit from swimwear and clothing business and the negative influence of 2-3 percentage points of Easter coming late this year, sales in the same store could almost remain flat in the same period last year, a decrease of 7% compared with February, and a substantial improvement in February.

Among them, the secret of Victoria 's Secret Vitoria recorded a 13% decline in the same store sales in March, the market expected decline of 10.8%, excluding the 10 percentage points from the swimsuit and clothing business, the decline narrowed to 3%, while the February decline was 8%.

The beauty business Bath & Body Works can also reverse the performance of February regression, which is flat with store sales, while the market forecast will fall by 2.2%.

Net sales of L Brands Inc. totaled $951 million 400 thousand in March, down 7.4% from $1 billion 27 million a year ago.

Gross margins of commodities contracted year-on-year, but inventories per square foot decreased by 8% year-on-year.

As of April 1st, the group had 3078 stores in the world, up 4 by January 28th.

At the end of February, L Brands Inc. opened two secret Secret flagship stores in China, namely Victoria 's Secret Vitoria, located in Shanghai and Chengdu respectively. The group tried to cope with the downturn of the secret brand of Vitoria's s Secret Vitoria through its expansion in the Chinese market.

Some people told the no fashion Chinese net that the brand in Shanghai's trial industry was mild, while the Chengdu market was quite popular.

At the time of the deadline, L Brands Inc. (NYSE:LB) rose to 10.14% at 11:20 AM at 11:20, an increase of 10.14%, narrowing the stock's total decline to 30% in 2017, and the cumulative decline in the past 52 weeks was more than 50%.

Citibank analyst Paul Lejuez lowered its rating from "buy" to "neutral" on Tuesday, and the target price has slashed by 30% to 47 dollars.

In fact, Paul Lejuez basically ignored the overall prospects of the retail industry. He believed that there were too many physical stores and insufficient passenger flow in the market. In addition, the accelerated collapse of the stores in the shopping malls and nearby stores (including the Macy's Inc. (NYSE:M) Messi department store group, J.C. Penney Co. Inc. (NYSE:JCP) Penny department store and the store closing plan of Sears department store) and the increasing sales promotion efforts of retailers to form a "pressure point" for the retail industry.

The vicious circle between passenger flow, promotion and profit margins is also reflected in L Brands Inc..

In explaining its March sales performance, the group pointed out that despite the fact that Victoria's s Secret Vitoria's Secret Pink girls group continued to grow, it was offset by the challenges faced by the passenger flow level, while the promotional activities to promote passenger flow dragged down the commodity profit margin.

When the group released its annual results in February, it expects that the same store sales in the first quarter will fall by 7%-13%, including 6 percentage points from the swimsuit and clothing business. The adjusted EPS will therefore decline from 0.59 US dollars in the same period last year to 0.20-0.25 US dollars, only less than half of the $0.49 expected by the market.

On Thursday, L Brands Inc. at the same time raised the price of 14A documents to disclose the relevant data of the annual report. The chairman of the group's board of directors and chief executive officer Leslie H. Wexner paid a total salary of $14 million 774 thousand in the 2016 fiscal year ended January 28, 2017. Compared with the 27 million 168 thousand fiscal year of fiscal year 27 million 168 thousand, the total salary of the group was 14 million 774 thousand USD, which was 45.6% lower than the 24 million 94 thousand 24 million 94 thousand in 2014 fiscal year. The gap was mainly in the non equity incentive plan compensation. 2016, 2015 and 2014 fiscal year were the US dollar, the US dollar and the US dollar respectively. In addition, the stock incentive plan had also shrunk to US $14 million 774 thousand.

Leslie Wexner is still a major shareholder of L Brands Inc.. At the end of last fiscal year, it held 46747343 shares, accounting for 16.36% of the common stock of the group, while other shareholding PRIMECAP Management Company, The Vanguard Group, The, and L were above the placards, but only less than 6%.